Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Lot 1 SUNLIGHT DRIVE Fairbanks, AK 99709

    View on Map
    Claim this Listing
    New
    For Sale
    $376,000

    Residential - Fairbanks, AK

    Lot size:
    18.12 Acres
    Added:
    Apr 17, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 18 at 11:06 pm

    Property Features for Lot 1 SUNLIGHT DRIVE

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Rural Estate Districts -2
    Standard status
    Active
    Lot size
    18.12 Acres

    Taxes and HOA fees

    Tax Annual Amount
    3299.32

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Michael Knoche

    Listing agent Michael Knoche License #192668

    Listing office HEDGECOCK GROUP REAL ESTATE, LLC 1221 Noble Street, Fairbanks, AK

    Listing date Apr 17, 2026

    MLS# 159836 Listing URL

    Copyright © 2026 Greater Fairbanks Board-Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Fairbanks Residential Lot For Sale

    This 18.12-acre lot is predominantly birch wooded and situated minutes from the Moose Mountain Ski area and 15 minutes from UAF. Located in the Sunrise Mountain Subdivision, this lot is suitable for a single home or potential subdivision, subject to preliminary plat review. The protective covenants have fostered a neighborhood with excellent neighbors and no nuisance properties. The property is located in Fairbanks, AK, with a zoning designation of Rural Estate Districts -2.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Fairbanks
    County
    Yukon-Koyukuk
    State
    Alaska
    Longitude
    -148.000389
    Latitude
    64.933928

    Nearby Similar for Sale

    • $625,000
      5,120 SF

      Versatile Commercial Property, Fairbanks

      Central Fairbanks commercial property with industrial utility and retail potential.
      269 ILLINOIS STREET, Fairbanks, AK 99701
      View Details
    • $850,000
      1,425 SF

      Restaurant/Coffee Shop Opportunity in Fairbanks

      Well-maintained building suitable for restaurant, coffee shop, or retail.
      3300 COLLEGE ROAD, Fairbanks, AK 99709
      View Details
    • $850,000
      3,052 SF

      Fairbanks Building with High Visibility

      Versatile building suitable for law, medical, or real estate offices.
      104 KUTTER ROAD, Fairbanks, AK 99701
      View Details
    • $360,000
      4,603 SF

      Versatile Mixed-Use Fairbanks Opportunity

      Mixed-use property in active commercial corridor near UAF.
      1019 COLLEGE ROAD, FAIRBANKS, AK 99709
      View Details
    • $355,000
      2,275 SF

      Versatile Retail/Warehouse in Fairbanks

      Unique commercial property with showroom and warehouse space in Fairbanks.
      201 MINNIE STREET, Fairbanks, AK 99701
      View Details
    • $998,000
      5,754 SF

      Versatile Warehouse Space in Fairbanks

      Large warehouse with storefront, offices, and additional structures on 1.7 acres.
      600 OLD STEESE HIGHWAY, Fairbanks, AK 99712
      View Details
    • $525,000
      3,808 SF

      Income Property Near Ft. Wainwright

      Well-maintained six-unit apartment building in Fairbanks, Alaska.
      1420 LACEY STREET, Fairbanks, AK 99701
      View Details
    • $625,000
      5,120 SF

      Versatile Commercial Property, Fairbanks

      High-visibility commercial property with industrial utility and retail potential.
      269 Illinois Street, Fairbanks, AK 99701
      View Details
    • $749,900
      5,344 SF

      Fairbanks Commercial Land For Sale

      Prime commercial land with high visibility in Fairbanks, Alaska.
      623 OLD STEESE HIGHWAY, Fairbanks, AK 99701
      View Details
    • $1,500,000
      14,357 SF

      Versatile Downtown Fairbanks Commercial Building

      Multi-purpose building on prime downtown real estate with many possibilities.
      219 THIRD AVENUE, Fairbanks, AK 99701
      View Details
    • $2,225,000
      7,700 SF

      Fairbanks Mixed-Use Property For Sale

      Well-maintained mixed-use property with warehouse and living quarters in Fairbanks.
      2280 STANDARD AVENUE, Fairbanks, AK 99709
      View Details
    • $749,900
      5,344 SF

      Fairbanks Commercial Land For Sale

      Prime commercial land with high visibility in Fairbanks, Alaska.
      623 Old Steese Highway, Fairbanks, AK 99701
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 18-acre wooded lot near Moose Mountain Ski area.
    Where is this residential land & home lot located?
    The property is located at Lot 1 SUNLIGHT DRIVE Fairbanks, AK.
    What is the asking price?
    The asking price for this property is $376,000.
    What are key features of this property?
    This property features: Large 18‑acre wooded lot.; Located in the desirable Sunrise Mountain Subdivision.; Close proximity to Moose Mountain Ski area (minutes away).
    (907) 378-0293
    We can help!
    Listing Contact
    Michael Knoche
    Real Estate License ID: 192668
    Learn More
    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.
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!