Warehouse Unit with
For Sale
$425,000
8479 Toloff St, Anchorage, AK 99507
Flexible warehouse space combines substantial storage capacity with a divided workshop area and overhead door access.
Property Size1,600 SF
Price / SF$265.63
Days on Market28
Property Features for 8479 Toloff St
General Information
Standard status
Active
Size
1,600 SF
Warehouse & Industrial
Clear Height
20 ft
Mezzanine
600 SF
Drive-In Doors
2
Power
60 amps
Sprinkler System
Yes
Building Details
Year Built
2011
Listing Agency:
Coldwell Banker Endeavor Realty
(907) 301-6872
Listed By:
Lori O'Banion
Source:
Griggrealty
Added: Aug 4
Changed: Aug 28
Last Checked: Aug 30 at 8:04PM
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 Coldwell Banker Endeavor Realty
Investment Insights
Based on property information with market context.
This 1,600-square-foot warehouse unit, built in 2011, offers a practical combination of storage and work areas. The approximately 32-by-50-foot layout includes 20-foot ceilings, two overhead doors, a side man door, and a carpeted 20-by-30-foot mezzanine reached by stairs. The divided configuration can accommodate separate storage and workshop areas.
Building systems include a 60-amp electrical panel, multiple 110V/240V outlets, a hose bib, floor drains, a sprinkler system, and a fan. One overhead door measures 16 feet wide by 14 feet tall, while the second measures 10.5 feet wide by 14 feet tall. A new 145K unit heater adds heating capacity. The unit is one of four at Toloff Street in Anchorage.
Building systems include a 60-amp electrical panel, multiple 110V/240V outlets, a hose bib, floor drains, a sprinkler system, and a fan. One overhead door measures 16 feet wide by 14 feet tall, while the second measures 10.5 feet wide by 14 feet tall. A new 145K unit heater adds heating capacity. The unit is one of four at Toloff Street in Anchorage.
Key Highlights
- 1,600 SF warehouse unit with approximately 32' X 50' dimensions
- 20' ceilings and two overhead doors measuring 16'Wx14'T and 10.5'Wx14'T
- Carpeted 20'x 30' mezzanine with stair access
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
$19,074
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
4.49%
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%
$381,480
$381.5K
Cap Rate 7%
$272,486
$272.5K
Cap Rate 9%
$211,933
$211.9K
Market Conditions
NOI Build-Up for 1,600 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
$24.0K $15.00/SF
− Vacancy
−$1.6K −$0.98/SF
EGI
$22.4K $14.03/SF
− OpEx
−$3.4K −$2.10/SF
NOI
$19.1K $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%
$381,480
Cap Rate 7%
$272,486
Cap Rate 9%
$211,933
Alternative Uses
Best Use
Warehouse
$272.5K
$238.4K – $317.9K
NOI $19,074 @ 7.0% cap · market cap 4.49%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$434.5K
$380.2K – $506.9K
NOI $30,413 @ 7.0% cap · market cap 7.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
20 ft
Clear height
2
Drive-in doors
Yes
Sprinkler system
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
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Frequently Asked Questions
What type of property is this?
Warehouse - Flexible warehouse space combines substantial storage capacity with a divided workshop area and overhead door access.
Where is this warehouse located?
The property is located at 8479 Toloff St Anchorage, AK.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 1,600 SF warehouse unit with approximately 32' X 50' dimensions; 20' ceilings and two overhead doors measuring 16'Wx14'T and 10.5'Wx14'T; Carpeted 20'x 30' mezzanine with stair access
