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

    2305 PERIDOT STREET North Pole, AK 99705

    View on Map
    Claim this Listing
    For Sale
    $3,400,000

    Commercial - North Pole, AK

    Lot size:
    20.04 Acres
    Added:
    Feb 17, 2025
    Days on Market:
    434
    Last Refresh:
    Apr 27 at 2:06 pm

    Property Features for 2305 PERIDOT STREET

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    General Use District - 1
    Exterior features
    Highway Frontage
    Standard status
    Active
    Lot size
    20.04 Acres

    Taxes and HOA fees

    Tax Annual Amount
    4126.6

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Joel Johnson
    Joel Johnson

    Listing agent Joel Johnson License #RECB15515

    Listing office EMPIRE REALTY, LLC 627 Gaffney Road, FAIRBANKS, AK

    Listing date Feb 17, 2025

    MLS# 156848 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

    North Pole Commercial Land

    This commercial lot offers incredible visibility and great access, making it a natural area for pulling off the highway. The location benefits from the ongoing development as Fairbanks expands eastward and the growth of Fort Wainwright, North Pole, and Eielson Air Force Base continues. Water, power, and gas are adjacent to the property. The lot is zoned as General Use District - 1 and has a size of 20.036 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    North Pole
    County
    Yukon-Koyukuk
    State
    Alaska
    Longitude
    -147.3750074
    Latitude
    64.7637688

    Nearby Similar for Sale

    • $755,000
      1,500 SF

      North Pole Commercial Diner Opportunity

      High-visibility diner on a 2+ acre corner lot.
      2698 HURST ROAD, North Pole, AK 99705
      View Details
    • $775,900
      4,096 SF

      Modern Fourplex in North Pole

      Four modern units with garages in a private subdivision.
      2000 SUNLIT FIELDS COURT, North Pole, AK 99705
      View Details
    • $850,000
      4,968 SF

      Versatile Property Near Fairbanks

      Multi-unit property with shop, apartments, and storage on 3.2 acres.
      1960 ROGGE AVENUE, North Pole, AK 99705
      View Details
    • $180,000
      2,834 SF

      North Pole Triplex with Garages

      Triplex in North Pole with steady rental income potential.
      1308 SLOAN STREET, North Pole, AK 99705-0000
      View Details
    • $409,900
      2,304 SF

      Versatile Shop in North Pole

      Well-equipped 4-bay shop with expansion potential in North Pole.
      3035 TREATY STREET, North Pole, AK 99705
      View Details
    • $2,950,000
      12,000 SF

      Modern Fourplex Investment Opportunity

      Three modern fourplex buildings on one lot in North Pole.
      2969 BADGER ROAD, North Pole, AK 99705
      View Details
    • $175,000

      Versatile Land in Moose Creek

      Over 10 acres near Eielson Air Force Base.
      4783 PUTNAM LANE, North Pole, AK 99705
      View Details
    • $22,900

      North Pole Vacant Land Parcel

      Over one acre of land in North Pole, Alaska.
      1564 MADELINE STREET, North Pole, AK 99705
      View Details
    • $949,999
      6,415 SF

      Spacious Multi-Family Property, North Pole

      6,415 SF property with 10 bedrooms, potential for STR.
      109 Fifth Avenue, North Pole, AK 99705
      View Details
    • $349,000
      1,440 SF

      Income-Generating Triplex in North Pole, AK

      North Pole triplex with strong income potential near military bases.
      298 W 5TH AVENUE, North Pole, AK 99705
      View Details
    • $949,999
      6,415 SF

      Spacious Triplex in North Pole, AK

      6,415 SF property with 10 beds, potential for STR.
      109 FIFTH AVENUE, North Pole, AK 99705
      View Details
    • $349,000

      Undeveloped 34-Acre Parcel in North Pole

      Large, wooded 34-acre parcel suitable for residential or commercial development.
      NHN BADGER ROAD, North Pole, AK 99705
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial lot with high visibility and great access.
    Where is this commercial land located?
    The property is located at 2305 PERIDOT STREET North Pole, AK.
    What is the asking price?
    The asking price for this property is $3,400,000.
    What are key features of this property?
    This property features: High visibility commercial lot.; Great access for highway pull‑off.; Located in an area of significant development due to growth of Fairbanks, Fort Wainwright, North Pole, and Eielson Air Force Base.
    (907) 374-4663
    We can help!
    Listing Contact
    Joel Johnson
    Joel Johnson
    Real Estate License ID: RECB15515
    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!