Flex Space with Fenced
For Sale
$2,400,000
Pending
7851 Spring St, Anchorage, AK 99518
Mixed-use property supporting residential, office, shop, and equipment-storage functions.
Property Size17,568 SF
Days on Market79
Property Features for 7851 Spring St
General Information
Standard status
Pending
Size
17,568 SF
Property subtype
Commercial
Zoning
I1
Additional Details
Fenced Yard
Yes
Building Details
Year Built
1984
Listing Agency:
EXP Realty, LLC
Listed By:
Fred Thoerner · License #16527
(907) 351-9434
Source:
Viewanchoragehouses
Added: Jul 29
Changed: Oct 1
Last Checked: Oct 14 at 11:37PM
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 17,568-square-foot flex property combines residential, office, shop, and yard components within an industrial setting. The building dates to 1984 and includes high ceilings, eight overhead doors, and newly installed LED lighting. A fenced outdoor area expands the property's functional footprint for equipment, fabrication, or storage needs.
Located at 7851 Spring St in Anchorage, the property is identified as I1 and was originally constructed as a firehouse. Its varied configuration supports owner occupancy, business operations, and multi-tenant use, subject to applicable requirements.
Located at 7851 Spring St in Anchorage, the property is identified as I1 and was originally constructed as a firehouse. Its varied configuration supports owner occupancy, business operations, and multi-tenant use, subject to applicable requirements.
Key Highlights
- 17,568‑square‑foot flex property
- Eight overhead doors
- Fenced outdoor yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$220,303
Cap Rate
9.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,406,060
$4.4M
Cap Rate 7%
$3,147,186
$3.1M
Cap Rate 9%
$2,447,811
$2.4M
Market Conditions
NOI Build-Up for 17,568 SF
Gross rent
$400.6K $22.80/SF
− Vacancy
−$48.1K −$2.74/SF
EGI
$352.5K $20.06/SF
− OpEx
−$132.2K −$7.52/SF
NOI
$220.3K $12.54/SF
Area
Anchorage, AK
Vacancy
12.00%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,406,060
Cap Rate 7%
$3,147,186
Cap Rate 9%
$2,447,811
Alternative Uses
Best Use
Mixed Use
$3.15M
$2.75M – $3.67M
NOI $220,303 @ 7.0% cap · market cap 9.18%
Second Best
Warehouse
$2.99M
$2.62M – $3.49M
NOI $209,433 @ 7.0% cap · market cap 8.73%
Theoretical Best
Specialty Retail
$4.77M
$4.17M – $5.57M
NOI $333,933 @ 7.0% cap · market cap 13.91%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Fenced yard
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
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Frequently Asked Questions
What type of property is this?
Flex space - Mixed-use property supporting residential, office, shop, and equipment-storage functions.
Where is this flex space located?
The property is located at 7851 Spring St Anchorage, AK.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 17,568‑square‑foot flex property; Eight overhead doors; Fenced outdoor yard
