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South Anchorage Commercial Garage Units

7-12874 Old Seward Hwy Anchorage, AK 99503

7-12874 Old Seward Hwy, Anchorage, AK, 99503

$549,900

For Sale

$549,900

I-1 zoned commercial garage units in South Anchorage for sale.

Property Size1,240 SF

Price / SF$443.47

AddedMar 19

Days on Market119

Last RefreshJul 15 at 12:37 pm

Property Features for 7-12874 Old Seward Hwy

General Information

Standard status: Active
Size: 1,240 SF

Listing office Real Broker Alaska

Listing date Mar 19, 2026

Source Exprealty

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 Real Broker Alaska

Investment Insights

Based on property information with market context.

Discover commercial garage units in South Anchorage, each offering 1,240 square feet of versatile space. Zoned I-1, these units are designed to provide a blend of luxury, convenience, and functionality. Each unit includes a private toilet, sink, and shower. Windows throughout the units provide natural light. The garage condos are business-ready, offering a secure and modern environment. Each garage measures 20' by 50' with a 14' by 20' mezzanine featuring 8-foot ceilings, providing ample space for various business activities. Built to last, these units feature 9-inch-thick commercial-grade concrete floors designed to support heavy weights. The units are engineered for operating a business.

Key Highlights

I‑1 Zoned Commercial Garage Units in South Anchorage
Versatile 1,240 sq ft space with a 14' x 20' mezzanine
Each unit features a private toilet, sink, and shower

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$31.2k	$25.20
− Vacancy	−$1.4k	−$1.13
EGI	$29.8k	$24.07
− OpEx	−$9.0k	−$7.22
NOI	$20.9k	$16.85

1,240 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%

Alternative Uses

Best Use

Retail

$298.4K

$261.1K – $348.2K (±1% cap)

NOI $20,889 @ 7.0% cap · market cap 3.80%

Second Best

Flex RnD

$201.2K

$176.0K – $234.7K (±1% cap)

NOI $14,082 @ 7.0% cap · market cap 2.56%

Theoretical Best

Specialty Retail

$336.7K

$294.6K – $392.8K (±1% cap)

NOI $23,570 @ 7.0% cap · market cap 4.29%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Flex space

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For sale
Flex space
AK
Anchorage
99503
7-12874 Old Seward Hwy

What type of property is this?

Flex space - I-1 zoned commercial garage units in South Anchorage for sale.

Where is this flex space located?

The property is located at 7-12874 Old Seward Hwy Anchorage, AK.

What is the asking price?

The asking price for this property is $549,900.

What are key features of this property?

This property features: I‑1 Zoned Commercial Garage Units in South Anchorage; Versatile 1,240 sq ft space with a **14' x 20' mezzanine**; Each unit features a private toilet, sink, and shower