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

    2830 Airport Way Fairbanks, AK 99709

    View on Map
    Sponsored
    For Sale
    $5,250,000

    Industrial - Fairbanks, AK

    Type:Industrial
    Property size:
    28,563 SF
    Lot size:
    1.66 Acres
    Days on Market:
    46
    Last Refresh:
    Mar 24 at 8:06 am

    Property Features for 2830 Airport Way

    General Information

    Property type
    Commercial Sale
    Property subtype
    Industrial
    Standard status
    Active
    Zoning
    Single-family Residential Districts - 10
    Parking
    169
    Size
    28,563 SF
    Lot size
    1.66 Acres

    Utilities

    Heating system
    Baseboard, Hot Water (Heating)

    Building Details

    Year built
    1962
    Building materials
    Frame
    Architectural style
    Other

    We can help!

    Listing Contact
    Evelyn Arnott
    Evelyn Arnott

    Gold Standard Real Estate Services

    Listing agent Evelyn Arnott License #RECB17547

    Listing date Feb 6, 2026

    MLS# 157904 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.

    Learn more

    Property Insight Report

    Overview

    Spacious Fairbanks Commercial Space Available

    This expansive commercial space, totaling over 28,000 square feet, is currently operating as a church and offers a versatile layout suitable for various purposes. The property includes a coffee shop. The building's adaptable design makes it ideal for transformation into a community center, office complex, or event venue. A newer roof has been installed, and the entire building has been converted to natural gas, featuring three new natural gas boilers. Additions to the building were made in 1976 and 1993. Situated on a 1.66-acre lot in Fairbanks, Alaska, the property is zoned for single-family residential districts. The seller is open to lease options.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    True North Church Church

    Map

    City
    Fairbanks
    County
    Yukon-Koyukuk
    State
    Alaska
    Longitude
    -147.786139
    Latitude
    64.837281

    Nearby Similar for Sale

    • $625,000
      5,120 SF

      Versatile Commercial Property, Fairbanks

      High-visibility commercial property with industrial utility and retail potential.
      269 Illinois St, Fairbanks, AK 99701
      View Details
    • New
      $765,000
      1,500 SF

      North Pole Commercial Building Opportunity

      High-visibility diner on a 2+ acre corner lot.
      2698 Hurst Rd, North Pole, AK 99705
      View Details
    • New
      $355,000
      2,275 SF

      Versatile Retail/Warehouse in Fairbanks

      Unique commercial property with showroom and warehouse space in Fairbanks.
      201 Minnie St, 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 Hwy, Fairbanks, AK 99712
      View Details
    • $1,550,000
      11,200 SF

      Fairbanks Industrial Building For Sale

      Well-maintained industrial building with warehouse and office space in Fairbanks.
      980 Deere St, Fairbanks, AK 99709
      View Details
    • $399,900
      6,200 SF

      Salcha Multi-Purpose Property on Highway

      Multi-purpose property on Richardson Highway with restaurant/hospitality potential.
      11205 Richardson Hwy, Salcha, AK 99714
      View Details
    • New
      $700,000
      Pending

      Industrial Property with Living Area

      Unique Fairbanks commercial property with shop, woodshop, living area.
      2179 Donald Ave, Fairbanks, AK 99701
      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 St, North Pole, AK 99705
      View Details
    • $1,000,000
      7,200 SF

      Versatile Fairbanks Property For Sale

      Mixed-use property near downtown Fairbanks with retail, garage, office, warehouse.
      1600 Well St, Fairbanks, AK 99701
      View Details
    • $305,000
      1,613 SF

      Retail Space with Walk-in Cooler

      Commercial corner location with retail storefront and cooler.
      205 3Rd St, Fairbanks, AK 99701
      View Details
    • $2,075,000
      8,178 SF

      Fairbanks Multi-Purpose Tourism Property

      Tourism property near Fairbanks with potential for growth.
      1110 John Kalinas Rd, Fairbanks, AK 99712
      View Details
    • $695,000
      Pending

      Versatile Building in Fairbanks, AK

      Well-maintained building suitable for retail, office, or restaurant use.
      424 4Th St, Fairbanks, AK 99701
      View Details

    FAQs

    What type of property is this?
    Church & religious facility - Versatile 28,000+ sqft building with coffee shop and potential.
    Where is this church & religious facility located?
    The property is located at 2830 Airport Way Fairbanks, AK.
    What is the asking price?
    The asking price for this property is $5,250,000.
    What are key features of this property?
    This property features: - Expansive 28,000+ sqft commercial space offers significant potential.; - Adaptable layout suitable for various uses.; - Newer roof and conversion to natural gas with three new natural gas boilers.
    (907) 978-9545
    Request Owner's contact information
    2830 Airport Way Fairbanks, AK 99709
    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.
    2830 Airport Way
    Fairbanks, AK 99709
    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
    2830 Airport Way Fairbanks, AK 99709
    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

    We can help!
    Listing Contact
    Evelyn Arnott
    Evelyn Arnott
    Real Estate License ID: RECB17547
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!