Sign Up Successful!
You now have access to more from Realmo!
    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

    321 3Rd St Fairbanks, AK 99701

    Sponsored
    For Sale
    $599,900

    Land, Other - Fairbanks, AK

    Lot size:
    0.29 Acres
    Days on Market:
    2
    Last Refresh:
    Jan 31 at 3:06 pm

    Property Features for 321 3Rd St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.29 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Kirk Maynard

    NextHome, Inc

    Listing agent Kirk Maynard (907) 456-4653 License #RECB16250,PersonLicenseNumber

    Listing date Jan 30, 2026

    MLS# 159278 Listing URL

    Copyright © 2026 NextHome, Inc. 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

    Commercial Land in High-Traffic Area

    This commercial property is located at an intersection in Fairbanks with a high traffic count, reporting over 28,000 cars passing daily. Access to the property is available from Forty Mile Avenue. The zoning is general commercial. An existing old cabin is located on the property, presenting the options for demolition or potential rental use. The lot size is 0.29 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Posh Tots Preschool Preschool

    Map

    City
    Fairbanks
    County
    Yukon-Koyukuk
    State
    Alaska
    Longitude
    -147.7020657
    Latitude
    64.8469528

    Nearby Similar for Sale

    • $499,900
      6,202 SF

      Salcha River Oasis with Hangar

      Stunning riverfront property with cabins, bunkhouse, bathhouse, and helicopter hangar.
      Nhn Salcha Riv, Salcha, AK 99714
      View Details
    • New
      $825,000
      Pending

      Updated Fourplex in Fairbanks, Alaska

      Updated fourplex with furnished units and coin-op laundry.
      2803 Wilson St, Fairbanks, AK 99701
      View Details
    • $5,250,000
      28,563 SF

      Versatile Commercial Building with Coffee Shop

      Spacious commercial building with coffee shop, ideal for redevelopment.
      2830 Airport Way, Fairbanks, AK 99709
      View Details
    • $5,200,000
      26,000 SF

      Downtown Fairbanks 34-Unit Investment

      34-unit complex in downtown Fairbanks with recent upgrades and high income.
      622 11Th Ave, Fairbanks, AK 99701
      View Details
    • $525,000
      2,330 SF

      Fairbanks Commercial Building For Sale

      Commercial building in high-traffic area, suitable for various businesses.
      550 3Rd St, Fairbanks, AK 99701
      View Details
    • $1,599,000
      Pending

      Commercial Building in Fairbanks, AK

      Versatile commercial building suitable for medical, office, or retail use.
      2054 30Th Ave, Fairbanks, AK 99701
      View Details
    • $329,000
      Pending

      Fairbanks Fourplex: Investment Opportunity

      Fourplex in Fairbanks with income potential and convenient location.
      204 Antoinette Ave, Fairbanks, AK 99701
      View Details
    • $490,000
      2,994 SF

      Fairbanks Fourplex Investment Opportunity

      Fourplex in Fairbanks with strong rental history and convenient location.
      11 Bonnie Ave, Fairbanks, AK 99701
      View Details
    • $795,000
      3,600 SF

      Fairbanks Industrial Property with Shop

      Industrial property with shop, radiant heat, and convenient access.
      2431 Hill Rd, Fairbanks, AK 99709
      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 3Rd Ave, Fairbanks, AK 99701
      View Details
    • New
      $409,900
      Pending

      Updated Duplex Near Chena River

      Updated duplex near Chena River and downtown Fairbanks.
      405 Lathrop St, Fairbanks, AK 99701
      View Details
    • $750,000
      Pending

      Iconic Red Fox Bar & Grill

      Well-established bar and grill for sale in Fairbanks, Alaska.
      398 Old Chena Pump Rd, Fairbanks, AK 99709
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land with high traffic count and general commercial zoning.
    Where is this commercial land located?
    The property is located at 321 3Rd St Fairbanks, AK.
    What is the asking price?
    The asking price for this property is $599,900.
    What are key features of this property?
    This property features: - High-traffic location: **28,000+ cars passing daily**.; - General commercial zoning.; - Located at an intersection.
    (907) 456-4653
    Request Owner's contact information
    321 3Rd St Fairbanks, AK 99701
    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.
    321 3Rd St
    Fairbanks, AK 99701
    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
    321 3Rd St Fairbanks, AK 99701
    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
    Kirk Maynard
    Real Estate License ID: RECB16250,PersonLicenseNumber
    (907) 456-4653
    Learn more
    Google sign-in failed. Please try again or use another login method.