Flexible Short-Term Rental
For Sale
$1,100,000
5030 W 86th Ave, Anchorage, AK 99502
Active Airbnb with adaptable unit configurations, accessible accommodations, radiant heat, and outdoor living areas.
Property Size4,433 SF
Price / SF$248.14
Days on Market40
Property Features for 5030 W 86th Ave
General Information
Standard status
Active
Size
4,433 SF
Property subtype
Multi-Family
Amenities
ADA-accessible accommodations
radiant in-floor heat
rooftop deck
outdoor living spaces
abundant storage
Building Details
Year Built
2016
Buildings
1
Listing Agency:
Herrington and Company, LLC
(907) 717-9300
Listed By:
Silvia Brugger · License #148471
Source:
Kristancole
Added: Jul 22
Changed: Aug 28
Last Checked: Aug 29 at 11:48AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Herrington and Company, LLC
Investment Insights
Based on property information with market context.
This 4,893-square-foot short-term rental property in West Anchorage is operating as an active Airbnb. The building supports multiple configurations, including two separate 2-bedroom, 2-bath units or a 1-bedroom unit paired with a larger 3-bedroom unit. A nearly finished basement provides additional interior space, while abundant storage supports ongoing operations.
The main level includes fully ADA-accessible accommodations. Radiant in-floor heat serves the building, supported by dual high-efficiency Lochinvar boilers. Outdoor features include expansive south-facing living areas and a rooftop deck. The property is situated on a secluded cul-de-sac at 5030 W 86th Ave in Anchorage, Alaska.
The main level includes fully ADA-accessible accommodations. Radiant in-floor heat serves the building, supported by dual high-efficiency Lochinvar boilers. Outdoor features include expansive south-facing living areas and a rooftop deck. The property is situated on a secluded cul-de-sac at 5030 W 86th Ave in Anchorage, Alaska.
Key Highlights
- 4,893 SF short‑term rental property operating as an active Airbnb
- Flexible layout supports two 2‑bedroom, 2‑bath units or 1‑bedroom and 3‑bedroom configurations
- Fully ADA‑accessible accommodations on the main level
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$56,980
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,139,600
$1.1M
Cap Rate 7%
$814,000
$814.0K
Cap Rate 9%
$633,111
$633.1K
Market Conditions
NOI Build-Up for 4,433 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$109.1K $24.60/SF
− Vacancy
−$5.5K −$1.23/SF
EGI
$103.6K $23.37/SF
− OpEx
−$46.6K −$10.52/SF
NOI
$57.0K $12.85/SF
Area
Anchorage, AK
Vacancy
5.00%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,139,600
Cap Rate 7%
$814,000
Cap Rate 9%
$633,111
Alternative Uses
Best Use
Apartment 5plus
$814.0K
$712.3K – $949.7K
NOI $56,980 @ 7.0% cap · market cap 5.18%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.20M
$1.05M – $1.40M
NOI $84,262 @ 7.0% cap · market cap 7.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Demographics for 99502, AK
24,183
Population
9,931
Households
2.4
Avg Household Size
37
Median Age
37%
College-Educated
96%
High-School Grad
17.6 sq mi
ZIP Area
1,374
Density / Sq Mi
$118,494
Median Household Income
$56,190
Median Earnings
$1,661
Median Rent
$408,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Active Airbnb with adaptable unit configurations, accessible accommodations, radiant heat, and outdoor living areas.
Where is this short term rental property located?
The property is located at 5030 W 86th Ave Anchorage, AK.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 4,893 SF short‑term rental property operating as an active Airbnb; Flexible layout supports two 2‑bedroom, 2‑bath units or 1‑bedroom and 3‑bedroom configurations; Fully ADA‑accessible accommodations on the main level
