5401 Cordova St, Anchorage, AK 99518

Listed By: Yurii Kononov Show Phone

Added: Jun 29 Changed: Oct 16

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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

Is this asking price fair?

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 (±1% cap)

NOI $11,357 @ 7.0% cap · market cap 4.54%

Second Best

Industrial

$150.7K

$131.8K – $175.8K (±1% cap)

NOI $10,546 @ 7.0% cap · market cap 4.22%

Theoretical Best

Specialty Retail

$271.5K

$237.6K – $316.8K (±1% cap)

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

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Alaska Building Science College What will it ... General Contractor Skiku Ski Club Flavin Photography Photography Service Chris Arend Photography Photography Service

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

Market

Average Price Trend$/SF for Flex space in Anchorage, AK

$246 Jul

$234 Aug

$242 Sep

$229 Oct

Properties on Market for Flex space in Anchorage

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - I1 - Light Industrial zoning and an end-unit position define this commercial condo.

Where is this flex space located?

The property is located at 5401 Cordova St Anchorage, AK.

What is the asking price?

The asking price for this property is $250,000.