Property profile

345 Boniface Pkwy Anchorage, AK 99504

FOR SALE
Auto shops
Property ID
US02-0044076
5,304 SF 0.92 ac lot Built 1952
Individually Owned 16-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This fee-simple industrial property, located at 345 Boniface Pkwy, Anchorage, AK 99504 (APN 00639102000), presents a compelling investment opportunity. The property encompasses a 13,276 square foot warehouse, divided into a multi-tenant configuration, with a modified lease type. The asking price is $2,225,000, translating to $167.60 per square foot. The warehouse features approximately 12,776 square feet of shop space and approximately 500 square feet of office space. The building consists of four structures situated on a sizable 40,196 square foot (0.92-acre) lot zoned I1: Light Industrial, providing ample yard space. Key features include six overhead doors, three-phase electric service, and floor drains. The warehouse space is comprised of a high-clearance box shop, a quality mezzanine, a showroom, and a Quonset hut section. The property benefits from high traffic counts, with an average annual daily traffic (AADT) exceeding 22,000 on Boniface Parkway and over 67,000 on the Glenn Highway. All information should be independently verified by the buyer, who is responsible for conducting their own due diligence.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1952
Construction WOOD FRAME
Total area 5,304 SF
Lot 0.92 ac (40,196 SF)
Zoning code I1 LIGHT INDUSTRIAL
APN 006-391-02-000
UPID US02-0044076

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop

Location

345 Boniface Pkwy Anchorage, AK 99504
Anchorage metro Census 701 ANCHORAGE, AK METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$355k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$400k

Owner & transaction history

since 2010
4 recorded transactions
2010
Price N/A
2009
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

I1 LIGHT INDUSTRIAL · Anchorage, AK

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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