End-Unit Flex
For Sale
$250,000
5401 Cordova St # 102, Anchorage, AK 99518
Commercial condo with a garage door and month-to-month occupancy.
Property Size1,000 SF
Price / SF$250
Days on Market193
Property Features for 5401 Cordova St # 102
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Commercial
Additional Details
Drive-In Doors
1
Amenities
garage door
Building Details
Tenancy
Single
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 16 at 9:35AM
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
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Investment Insights
Based on property information with market context.
This 1,000-square-foot commercial condominium is configured as an end unit with a garage door. The space is currently occupied by a courier service under a month-to-month lease.
The property is positioned near C Street and International Airport Road, at the main-road side and plaza entrance. Association services include water, sewer, refuse collection, exterior maintenance, grounds care, and reserves. Recent roof replacements are reflected in the association dues. Units 101, 102, and 103 are available for package sale.
The property is positioned near C Street and International Airport Road, at the main-road side and plaza entrance. Association services include water, sewer, refuse collection, exterior maintenance, grounds care, and reserves. Recent roof replacements are reflected in the association dues. Units 101, 102, and 103 are available for package sale.
Key Highlights
- 1,000‑square‑foot commercial condominium
- End unit at the main‑road side and plaza entrance
- 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.
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Property Analytics
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Open Analytics
Current Use
Lease Details
1
Drive-in doors
Single-tenant
Tenancy
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
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Commercial condo with a garage door and month-to-month occupancy.
Where is this flex space located?
The property is located at 5401 Cordova St # 102 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‑square‑foot commercial condominium; End unit at the main‑road side and plaza entrance; Garage door included
