Steel-Frame Warehouse with Fenced
For Sale
$2,130,000
7848 Hartzell Rd, Anchorage, AK 99507
Steel-frame facility offers shop, office, utility service, and a fenced yard in south Anchorage.
Property Size5,200 SF
Price / SF$409.62
Days on Market20
Property Features for 7848 Hartzell Rd
General Information
Standard status
Active
Size
5,200 SF
Site & Location
Fenced Yard
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
17 ft
Warehouse Space
4,800 SF
Office Build-Out
400 SF
Three-Phase Power
Yes
Building Details
Year Built
2007
Building Size
5,200 SF
Construction
steel-frame
Listing Agency:
RE/MAX Dynamic Properties
(907) 727-4400
Listed By:
Lee Henry
Source:
Griggrealty
Added: Aug 12
Changed: Aug 28
Last Checked: Aug 30 at 8:20PM
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 RE/MAX Dynamic Properties
Investment Insights
Based on property information with market context.
Built in 2007, this steel-frame warehouse contains 5,200 SF, including a 4,800 SF shop area and 400 SF of office space. The building provides 17-foot clear height, five 14-foot doors, floor drains, and 3-phase power. All utilities are available, and the property includes a fenced yard on a 3/4+ acre lot.
The facility is located on Hartzell Rd in south Anchorage. An adjacent lot is also available, providing an additional property component for consideration with the warehouse.
The facility is located on Hartzell Rd in south Anchorage. An adjacent lot is also available, providing an additional property component for consideration with the warehouse.
Key Highlights
- 5,200 SF steel‑frame shop/warehouse built in 2007
- 4,800 SF shop plus 400 SF office area
- 17' clear height with five 14' doors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$61,991
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.91%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,239,820
$1.2M
Cap Rate 7%
$885,586
$885.6K
Cap Rate 9%
$688,789
$688.8K
Market Conditions
NOI Build-Up for 5,200 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$78.0K $15.00/SF
− Vacancy
−$5.1K −$0.98/SF
EGI
$72.9K $14.03/SF
− OpEx
−$10.9K −$2.10/SF
NOI
$62.0K $11.92/SF
Area
Anchorage, AK
Vacancy
6.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,239,820
Cap Rate 7%
$885,586
Cap Rate 9%
$688,789
Alternative Uses
Best Use
Warehouse
$885.6K
$774.9K – $1.03M
NOI $61,991 @ 7.0% cap · market cap 2.91%
Second Best
Flex RnD
$843.6K
$738.2K – $984.3K
NOI $59,055 @ 7.0% cap · market cap 2.77%
Theoretical Best
Specialty Retail
$1.41M
$1.24M – $1.65M
NOI $98,842 @ 7.0% cap · market cap 4.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
17 ft
Clear height
Yes
Fenced yard
Yes
Utilities to site
Location Intelligence
Demographics for 99507, AK
38,199
Population
14,552
Households
2.6
Avg Household Size
36
Median Age
38%
College-Educated
95%
High-School Grad
47.3 sq mi
ZIP Area
808
Density / Sq Mi
$107,347
Median Household Income
$55,197
Median Earnings
$1,546
Median Rent
$371,200
Median Home Value
Market
Vacancy Rate% for Industrial 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?
Warehouse - Steel-frame facility offers shop, office, utility service, and a fenced yard in south Anchorage.
Where is this warehouse located?
The property is located at 7848 Hartzell Rd Anchorage, AK.
What is the asking price?
The asking price for this property is $2,130,000.
What are key features of this property?
This property features: 5,200 SF steel‑frame shop/warehouse built in 2007; 4,800 SF shop plus 400 SF office area; 17' clear height with five 14' doors
