Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5401 Cordova St #201 & Anchorage, AK 99518
    Property profile & analytics

    5401 Cordova St #201 & Anchorage, AK 99518

    View on Map
    • Warehouses
    • 2,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 5401 Cordova St #201 &

    Property size
    2,000 SF
    Property type
    Warehouses
    Property subtype
    Office properties & Spaces

    Description

    This exceptional offering presents two vacant, combined 2,000-square-foot commercial condominiums in Anchorage, Alaska. Located at 5401 Cordova Street #201 & #202, 99518, this property boasts a highly desirable I1 (Light Industrial) zoning designation, making it suitable for a variety of uses. Currently configured as a spacious office space, the units feature a private office, kitchen/kitchenette, shop/storage area, and a bathroom. High ceilings and premium lighting enhance the versatile layout. The property benefits from a glass-front entry, ideal for both office and retail applications. Conversion to a more warehouse-focused space is easily achievable, particularly with the reinstallation of an overhead door. The low-maintenance aspect is a significant advantage, with the homeowner's association covering water, sewer, refuse, parking lot maintenance, landscaping, and reserves (currently $453.03/month, subject to change in 2025). The owner is responsible for gas, electricity, and interior unit maintenance. This prime location near C Street and International Airport Road offers unparalleled convenience and accessibility. The asking price for this unique opportunity is $430,000. The property is situated on one story and is ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Anchorage
    County
    Anchorage Municipality
    State
    Alaska
    Longitude
    -149.878
    Latitude
    61.1716

    Comparable in this City

    • Value Estimation by Request
      1.17 Acres

      5475 Fairbanks St

      Distribution properties • 50,965 SF
      5475 Fairbanks St, Anchorage, AK 99518
      View Details
    • Value Estimation by Request
      1 SF

      100 International Airport Rd

      Distribution properties • 1 SF
      100 International Airport Rd, Anchorage, AK 99518
      View Details
    • Value Estimation by Request
      2,000 SF

      5401 Cordova St

      Mixed-use properties • 2,000 SF
      5401 Cordova St, Anchorage, AK 99518
      View Details
    • Value Estimation
      $2,650,000
      53,693 SF

      6128 Electron Dr

      DISTRIBUTION WAREHOUSE • 53,693 SF
      6128 Electron Dr, Anchorage, AK 99518-1581
      View Details
    • Value Estimation
      $1,645,000
      36,128 SF

      6220 Electron Dr

      DISTRIBUTION WAREHOUSE • 36,128 SF
      6220 Electron Dr, Anchorage, AK 99518-1581
      View Details
    • Value Estimation
      $7,400,000
      217,754 SF

      6441 C St

      DISTRIBUTION WAREHOUSE • 217,754 SF
      6441 C St, Anchorage, AK 99518-1734
      View Details

    Similar Nearby for Sale

    • $7,000,000
      38,371 SF

      Anchorage Industrial Property - $7M

      Prime Anchorage warehouse & office space. Excellent investment opportunity.
      201 56Th Ave, Anchorage, AK 99518
      View Details
    • Contact for pricing

      Southside Warehouse/Office Building For Sale

      Duplex-style warehouse/office building, fully leased, featuring overhead doors and fenced yard.
      7910 King St, Anchorage, AK 99518
      View Details
    • Contact for pricing

      Anchorage Office Building with Warehouse

      Three-story office building with attached warehouse near the airport.
      201 E 56Th Ave, Anchorage, AK 99518
      View Details
    • $1,250,000
      7,752 SF

      Office-Warehouse with Fenced Yard

      7,752 SF office-warehouse with yard space for sale.
      6636 Rosewood St, Anchorage, AK 99518
      View Details
    • $775,000

      Anchorage Auto Shop For Sale

      Mechanic/auto shop with three bays and light industrial zoning.
      436 W Potter Dr, Anchorage, AK 99518
      View Details
    • Contact for pricing
      4,400 SF

      Auto Shop on Corner Lot

      Well-maintained auto shop with visibility on New Seward Highway.
      1326 E 74Th Ave, Anchorage, AK 99518
      View Details

    Similar Nearby for Lease

    • $1.60 SF/Yr

      Retail/Warehouse Space with Offices

      Retail/warehouse space featuring offices, kitchenette, and mezzanine storage.
      7449 Old Seward Hwy, Anchorage, AK 99518
      View Details
    • Contact for pricing

      South Anchorage Office Space Available

      Office space for rent in South Anchorage with mountain views.
      301 Arctic Slope Ave, Anchorage, AK 99518
      View Details
    • Contact for pricing

      Versatile Retail/Office Space Available

      Retail/office space with four bathrooms and rear overhead door.
      900 W Intl Airport Rd, Anchorage, AK 99518
      View Details
    • Contact for pricing

      Storefront Space Available For Rent

      1500 SF storefront property available for rent.
      501 W Intl Airport Rd, Anchorage, AK 99518
      View Details
    • $2.00 SF/Yr
      8,997 SF

      Anchorage Retail Space For Lease

      Retail space available on Dimond Boulevard, across from Dimond Center.
      901 E Dimond Blvd, Anchorage, AK 99518
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5401 Cordova St #201 &
    Anchorage, AK 99518
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5401 Cordova St #201 &, Anchorage, AK, 99518
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!