End-Unit Flex
For Sale
$250,000
Pending
5401 Cordova St # 101, Anchorage, AK 99518
Commercial condominium with a garage door and current month-to-month occupancy by a construction company.
Property Size1,000 SF
Days on Market101
Property Features for 5401 Cordova St # 101
General Information
Standard status
Pending
Size
1,000 SF
Property subtype
Commercial
Listing Agency:
EXP Realty, LLC
Listed By:
Peter Carpenter · License #110384
(907) 854-8404
Source:
Seehomesinalaska
Added: Jun 29
Changed: Oct 7
Last Checked: Oct 7 at 12:29PM
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
Investment Insights
Based on property information with market context.
This 1,000-square-foot flex condominium is configured as an end unit with a garage door and is currently occupied by a construction company under a month-to-month lease. The unit is part of a plaza and is positioned near the main road and entrance.
The property is located at 5401 Cordova St # 101, near C Street and International Airport Road in Anchorage. Association services include water, sewer, refuse, exterior maintenance, grounds care, and reserves. Recent roof replacements are reflected in the association dues. Units 101, 102, and 103 may also be acquired together as a side-by-side package.
The property is located at 5401 Cordova St # 101, near C Street and International Airport Road in Anchorage. Association services include water, sewer, refuse, exterior maintenance, grounds care, and reserves. Recent roof replacements are reflected in the association dues. Units 101, 102, and 103 may also be acquired together as a side-by-side package.
Key Highlights
- 1,000 SQFT flex condominium
- End unit near the plaza entrance and main road
- Garage door included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,357
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$227,140
$227.1K
Cap Rate 7%
$162,243
$162.2K
Cap Rate 9%
$126,189
$126.2K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$19.2K $19.20/SF
− Vacancy
−$1.7K −$1.73/SF
EGI
$17.5K $17.47/SF
− OpEx
−$6.1K −$6.12/SF
NOI
$11.4K $11.36/SF
Area
Anchorage, AK
Vacancy
9.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$227,140
Cap Rate 7%
$162,243
Cap Rate 9%
$126,189
Alternative Uses
Best Use
Flex RnD
$162.2K
$142.0K – $189.3K
NOI $11,357 @ 7.0% cap · market cap 4.54%
Second Best
Industrial
$150.7K
$131.8K – $175.8K
NOI $10,546 @ 7.0% cap · market cap 4.22%
Theoretical Best
Specialty Retail
$271.5K
$237.6K – $316.8K
NOI $19,008 @ 7.0% cap · market cap 7.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Demographics for 99518, AK
9,861
Population
4,568
Households
2.2
Avg Household Size
36
Median Age
32%
College-Educated
96%
High-School Grad
3.8 sq mi
ZIP Area
2,595
Density / Sq Mi
$91,077
Median Household Income
$49,761
Median Earnings
$1,661
Median Rent
$297,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Commercial condominium with a garage door and current month-to-month occupancy by a construction company.
Where is this flex space located?
The property is located at 5401 Cordova St # 101 Anchorage, AK.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 1,000 SQFT flex condominium; End unit near the plaza entrance and main road; Garage door included
