End-Unit Storefront
For Sale
$250,000
5401 Cordova St # 103, Anchorage, AK 99518
Commercial condo at a plaza entrance with an existing hair salon on a month-to-month lease.
Property Size1,000 SF
Price / SF$250
Days on Market191
Property Features for 5401 Cordova St # 103
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Commercial
Additional Details
End Cap
Yes
Listing Agency:
EXP Realty, LLC
Listed By:
Peter Carpenter · License #110384
(907) 854-8404
Source:
Viewanchoragehouses
Added: Apr 8
Changed: Oct 1
Last Checked: Oct 14 at 11:35PM
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 SQFT commercial condominium unit offers a retail entrance within an end-building position at the plaza entrance. The space is currently occupied by a hair salon under a month-to-month lease, providing an existing commercial use for a buyer to evaluate.
The property is near C Street and International Airport Road in Anchorage. The association covers water, sewer, refuse, exterior maintenance, grounds, and reserves. Recent roof replacements are reflected in the association dues. Units 101, 102, and 103 may also be acquired together as a three-unit package, and owner financing is available.
The property is near C Street and International Airport Road in Anchorage. The association covers water, sewer, refuse, exterior maintenance, grounds, and reserves. Recent roof replacements are reflected in the association dues. Units 101, 102, and 103 may also be acquired together as a three-unit package, and owner financing is available.
Key Highlights
- 1,000 SQFT commercial condominium unit
- End‑building location at the plaza entrance
- Currently used by a hair salon on a month‑to‑month lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,846
Cap Rate
6.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$336,920
$336.9K
Cap Rate 7%
$240,657
$240.7K
Cap Rate 9%
$187,178
$187.2K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$25.2K $25.20/SF
− Vacancy
−$1.1K −$1.13/SF
EGI
$24.1K $24.07/SF
− OpEx
−$7.2K −$7.22/SF
NOI
$16.8K $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%
$336,920
Cap Rate 7%
$240,657
Cap Rate 9%
$187,178
Alternative Uses
Best Use
Retail
$240.7K
$210.6K – $280.8K
NOI $16,846 @ 7.0% cap · market cap 6.74%
Second Best
—
—
no second resolved use
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.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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?
Storefront property - Commercial condo at a plaza entrance with an existing hair salon on a month-to-month lease.
Where is this storefront property located?
The property is located at 5401 Cordova St # 103 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 commercial condominium unit; End‑building location at the plaza entrance; Currently used by a hair salon on a month‑to‑month lease
