Heavy Truck Machine Shop
For Sale
Contact for pricing
8001 Petersburg Street, Anchorage, AK 99507
Heavy truck machine shop with a large garage, office and retail space, and drive-in/drive-through access to a secured yard.
Property Size33,000 SF
Lot Size4.50 Acres
Price / SF$272.70
Days on Market23
Property Features for 8001 Petersburg Street
General Information
Standard status
Active
Size
33,000 SF
Lot size
4.50 Acres
Property subtype
Retail, Office, Industrial
Zoning
I-1 and I-2 Mixed Industrial
Lease Type
NNN
Warehouse & Industrial
Clear Height
25 ft
Heavy Power
Yes
Additional Details
Fenced Yard
Yes
Amenities
private offices
conference area
kitchenette
front reception and waiting area
Building Details
Buildings
1
Stories
2
Listing Agency:
SSS Commercial Real Estate
(907) 727-8686
Listed By:
Stewart Smith · License #AK 6724
Source:
Crexi
Added: Jul 21
Changed: Aug 8
Last Checked: Aug 11 at 7:45PM
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 SSS Commercial Real Estate
Investment Insights
Based on property information with market context.
This dual-purpose heavy truck machine shop is built around a 22,000-square-foot garage designed for large-scale work. The facility includes 25-foot ceilings, overhead cranes, heavy power capabilities, and wash bays, along with paved drive-in and drive-through access into a secured, fenced yard. A total of 10,000 square feet of office and retail space supports private offices, a conference area, a kitchenette, and a front reception and waiting area.
The property sits on 4.5 acres and is described as having I-1 and I-2 mixed zoning for flexibility.
With a combined total of 32,000 square feet, the site offers an integrated setup for equipment-intensive operations alongside customer-facing and administrative space.
The property sits on 4.5 acres and is described as having I-1 and I-2 mixed zoning for flexibility.
With a combined total of 32,000 square feet, the site offers an integrated setup for equipment-intensive operations alongside customer-facing and administrative space.
Key Highlights
- 4.5‑acre heavy truck machine shop with 32,000 sq. ft. total building area
- 22,000 sq. ft. garage for large‑scale work with 25‑foot ceilings and overhead cranes
- Garage includes heavy power capabilities, plus wash bays for equipment/vehicle cleaning
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
$405,405
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
4.51%
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%
$8,108,100
$8.1M
Cap Rate 7%
$5,791,500
$5.8M
Cap Rate 9%
$4,504,500
$4.5M
Market Conditions
NOI Build-Up for 33,000 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
$693.0K $21.00/SF
− Vacancy
−$152.5K −$4.62/SF
EGI
$540.5K $16.38/SF
− OpEx
−$135.1K −$4.10/SF
NOI
$405.4K $12.29/SF
Area
Anchorage, AK
Vacancy
22.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
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%
$8,108,100
Cap Rate 7%
$5,791,500
Cap Rate 9%
$4,504,500
Alternative Uses
Best Use
Office B
$5.79M
$5.07M – $6.76M
NOI $405,405 @ 7.0% cap · market cap 4.51%
Second Best
Flex RnD
$5.35M
$4.68M – $6.25M
NOI $374,774 @ 7.0% cap · market cap 4.16%
Theoretical Best
Specialty Retail
$8.96M
$7.84M – $10.45M
NOI $627,264 @ 7.0% cap · market cap 6.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
25 ft
Clear height
Yes
Heavy power
Yes
Fenced yard
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 Office 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?
Flex space - Heavy truck machine shop with a large garage, office and retail space, and drive-in/drive-through access to a secured yard.
Where is this flex space located?
The property is located at 8001 Petersburg Street Anchorage, AK.
What is the asking price?
The asking price for this property is $8,999,000.
What are key features of this property?
This property features: 4.5‑acre heavy truck machine shop with 32,000 sq. ft. total building area; 22,000 sq. ft. garage for large‑scale work with 25‑foot ceilings and overhead cranes; Garage includes heavy power capabilities, plus wash bays for equipment/vehicle cleaning
