Retail Building with Parking
5400 E Northern Lights Boulevard, Anchorage, AK 99508
For Sale
$950,000
Retail building with adjacent parking lot, excellent investment opportunity.
Property Size4,080 SF
Price / SF$232.84
Days on Market289
Property Features for 5400 E Northern Lights Boulevard
General Information
Standard status
Size
Site & Location
Neighborhood
Listing Agency:
Infinity Commercial Real Estate Group
Listed By:
Albert Circosta · License AK 14721-RECB
(907) 230-3638
Source:
Griggrealty
Added: Jan 26
Changed: Oct 25
Last Checked: Oct 7 at 2:26PM
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 Infinity Commercial Real Estate Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property presents an excellent investment opportunity, featuring a retail building and an adjacent parking lot. The property is intended for retail use and offers an 8% capitalization rate.
Key Highlights
- Excellent investment opportunity.
- 8% capitalization rate.
- Includes retail building.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,732
Cap Rate
7.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,374,640
$1.4M
Cap Rate 7%
$981,886
$981.9K
Cap Rate 9%
$763,689
$763.7K
Market Conditions
NOI Build-Up for 4,080 SF
Gross rent
$102.8K $25.20/SF
− Vacancy
−$4.6K −$1.13/SF
EGI
$98.2K $24.07/SF
− OpEx
−$29.5K −$7.22/SF
NOI
$68.7K $16.85/SF
Area
Anchorage, AK
Vacancy
4.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,374,640
Cap Rate 7%
$981,886
Cap Rate 9%
$763,689
Alternative Uses
Best Use
Retail
$981.9K
$859.2K – $1.15M
NOI $68,732 @ 7.0% cap · market cap 7.23%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.11M
$969.4K – $1.29M
NOI $77,553 @ 7.0% cap · market cap 8.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Demographics for 99508, AK
34,394
Population
14,219
Households
2.4
Avg Household Size
34
Median Age
28%
College-Educated
91%
High-School Grad
7.1 sq mi
ZIP Area
4,844
Density / Sq Mi
$72,751
Median Household Income
$40,937
Median Earnings
$1,353
Median Rent
$309,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Retail properties & Spaces in Anchorage, AK
Properties on Market for Retail properties & Spaces in Anchorage
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail property - Retail building with adjacent parking lot, excellent investment opportunity.
Where is this retail property located?
The property is located at 5400 E Northern Lights Boulevard Anchorage, AK.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Excellent investment opportunity.; 8% capitalization rate.; Includes retail building.
