Lakefront Restaurant and Event
For Sale
$1,200,000
5268 S Big Lake Rd, Big Lake, AK 99652
Two-story waterfront building with a commercial kitchen, gathering areas, and integrated living quarters for flexible operations.
Property Size2,967 SF
Price / SF$404.45
Days on Market90
Property Features for 5268 S Big Lake Rd
General Information
Standard status
Active
Size
2,967 SF
Property subtype
Commercial
Building Details
Year Built
1995
Listing Agency:
EXP Realty, LLC - Downtown Anchorage
(907) 318-8714
Listed By:
Sean Williams
Source:
Viewanchoragehouses
Added: Jun 1
Changed: Aug 29
Last Checked: Aug 29 at 6:25PM
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 EXP Realty, LLC - Downtown Anchorage
Investment Insights
Based on property information with market context.
This two-story lakefront restaurant property occupies 1.6 acres along Big Lake, with more than 240 feet of shoreline frontage. Built in 1995, the building includes a commercial kitchen, wet bars on both floors, multiple dining and gathering areas, two upper-level rooms, accessible bathrooms, and rear ramp access. Integrated living quarters add flexibility for an owner-operator, on-site manager, or residential conversion. The property has been updated and was most recently used for restaurant and banquet operations.
More than 1,500 square feet of covered deck and patio space extends toward the water, providing outdoor areas for dining or events. A private dock and direct lake access are included, with lake views from much of the building. The property is located at 5268 S Big Lake Rd in Big Lake, Alaska.
More than 1,500 square feet of covered deck and patio space extends toward the water, providing outdoor areas for dining or events. A private dock and direct lake access are included, with lake views from much of the building. The property is located at 5268 S Big Lake Rd in Big Lake, Alaska.
Key Highlights
- 1.6‑acre parcel with more than 240 feet of Big Lake frontage
- Two‑story building built in 1995 with updated interiors
- Commercial kitchen and wet bars serving both levels
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
$43,926
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
3.66%
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%
$878,520
$878.5K
Cap Rate 7%
$627,514
$627.5K
Cap Rate 9%
$488,067
$488.1K
Market Conditions
NOI Build-Up for 2,967 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
$62.3K $21.00/SF
− Vacancy
−$3.7K −$1.26/SF
EGI
$58.6K $19.74/SF
− OpEx
−$14.6K −$4.94/SF
NOI
$43.9K $14.81/SF
Area
Matanuska-Susitna County, AK
Vacancy
6.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
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%
$878,520
Cap Rate 7%
$627,514
Cap Rate 9%
$488,067
Alternative Uses
Best Use
Specialty Retail
$627.5K
$549.1K – $732.1K
NOI $43,926 @ 7.0% cap · market cap 3.66%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$21.93M
$19.19M – $25.59M
NOI $1,535,420 @ 7.0% cap · market cap 127.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Demographics for 99652, AK
4,821
Population
3,220
Households
1.5
Avg Household Size
43
Median Age
19%
College-Educated
95%
High-School Grad
123.2 sq mi
ZIP Area
39
Density / Sq Mi
$71,310
Median Household Income
$43,730
Median Earnings
$1,066
Median Rent
$280,200
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Two-story waterfront building with a commercial kitchen, gathering areas, and integrated living quarters for flexible operations.
Where is this conventional restaurant located?
The property is located at 5268 S Big Lake Rd Big Lake, AK.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 1.6‑acre parcel with more than 240 feet of Big Lake frontage; Two‑story building built in 1995 with updated interiors; Commercial kitchen and wet bars serving both levels
