Nikiski Warehouse and Shop on
51950 Old Nikishka Beach Rd, Kenai, AK 99611
For Sale
$710,000
Warehouse, shop, and Quonset on 5 acres in Nikiski, AK.
Property Size9,880 SF
Lot Size5.00 Acres
Price / SF$71.86
Days on Market289
Property Features for 51950 Old Nikishka Beach Rd
General Information
Standard status
Size
Lot size
Property subtype
Listing Agency:
Bond Filipenko Commercial Properties, LLC
Listed By:
Mark Filipenko
(907) 952-1884
Source:
Exprealty
Added: Jan 26
Changed: Oct 26
Last Checked: Nov 8 at 9:55AM
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 Bond Filipenko Commercial Properties, LLC
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Investment Insights
Based on property information with market context.
This property in Nikiski, Alaska, features a 9,880 square foot warehouse, a 1,080 square foot shop, a 6,825 square foot Quonset structure, and a 70 square foot storage shed, all situated on 5 acres of land. The location offers convenient access to the Kenai Spur Highway and nearby amenities.
Key Highlights
- 5 Acres of land
- 9,880 SF warehouse offers ample space.
- Convenient location off Kenai Spur Highway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,105
Cap Rate
8.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,222,100
$1.2M
Cap Rate 7%
$872,929
$872.9K
Cap Rate 9%
$678,944
$678.9K
Market Conditions
NOI Build-Up for 9,880 SF
Gross rent
$93.7K $9.48/SF
− Vacancy
−$6.4K −$0.64/SF
EGI
$87.3K $8.84/SF
− OpEx
−$26.2K −$2.65/SF
NOI
$61.1K $6.18/SF
Area
Kenai Peninsula County, AK
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,222,100
Cap Rate 7%
$872,929
Cap Rate 9%
$678,944
Alternative Uses
Best Use
Warehouse
$1.06M
$927.5K – $1.24M
NOI $74,199 @ 7.0% cap · market cap 10.45%
Second Best
Industrial
$872.9K
$763.8K – $1.02M
NOI $61,105 @ 7.0% cap · market cap 8.61%
Theoretical Best
Office A
$2.89M
$2.53M – $3.38M
NOI $202,500 @ 7.0% cap · market cap 28.52%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Demographics for 99611, AK
15,827
Population
7,130
Households
2.2
Avg Household Size
38
Median Age
24%
College-Educated
94%
High-School Grad
526.8 sq mi
ZIP Area
30
Density / Sq Mi
$69,816
Median Household Income
$47,259
Median Earnings
$1,108
Median Rent
$279,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Warehouses in Kenai Peninsula County, AK
Properties on Market for Warehouses in Kenai Peninsula County
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse, shop, and Quonset on 5 acres in Nikiski, AK.
Where is this warehouse located?
The property is located at 51950 Old Nikishka Beach Rd Kenai, AK.
What is the asking price?
The asking price for this property is $710,000.
What are key features of this property?
This property features: 5 Acres of land; 9,880 SF warehouse offers ample space.; Convenient location off Kenai Spur Highway
