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    5 Willona Sub Ekwok, AK 99580

    Sponsored
    For Sale
    $749,000

    Commercial - Ekwok, AK

    Property size:
    5,540 SF
    Lot size:
    4.01 Acres
    Days on Market:
    5
    Last Refresh:
    Feb 5 at 6:06 am

    Property Features for 5 Willona Sub

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    900
    APN
    0000
    Parking features
    Garage
    Size
    5,540 SF
    Lot size
    4.01 Acres

    Building Details

    Year built
    2010
    Year renovated
    2010
    Architectural style
    Other

    We can help!

    Listing Contact
    Tom Lucas

    Mossy Oak Properties Alaska LLC (907) 357-2100

    Listing agent Tom Lucas (907) 357-2100

    Listing date Feb 1, 2026

    MLS# 11640576 Listing URL

    Copyright © 2026 My State MLS. 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

    Overview

    Turn-Key Fishing and Hunting Lodge

    This is a turn-key fishing and hunting lodge located along the Nushagak River in Bristol Bay. Situated on a 4.01-acre site, identified as Lot 5A in the Wallona Subdivision, the property includes a total of 12 buildings that support the former Nushagak River Fishing Lodge business. The buildings include a main lodge, three guest cabin buildings, a large open storage building with two full bathrooms, a bathhouse and outhouses, numerous storage buildings, a generator shed with a 10KW and 20KW generator, a guide cabin, and a processing building. The property also features numerous large fuel and oil tanks, along with an on-site well and crib-style septic systems, typical of remote operations. The current use is owner recreation; however, it was previously a successful fishing lodging business. New owners can create their own website and promote for personal or commercial business. The lodge is not currently operating due to owner health. The property is being sold as an asset sale only.
    Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Ekwok
    County
    Dillingham
    State
    Alaska
    Longitude
    -157.511997
    Latitude
    59.332883

    Nearby Similar for Sale

    • $749,000
      5,540 SF

      Ekwok Lodge: Turn-Key Fishing Haven

      Alaskan Fishing & Hunting Lodge - 5,540 sq ft
      Wallona Sub, Ekwok, AK 99580
      View Details
    • $749,500
      4.01 Acres

      Alaska Fishing Lodge - Ekwok

      Turn-key fishing & hunting lodge on 4 acres.
      L5A Wallona Subdivision, Ekwok, AK 99580
      View Details

    FAQs

    What type of property is this?
    Recreation land - Fishing and hunting lodge on the Nushagak River.
    Where is this recreation land located?
    The property is located at 5 Willona Sub Ekwok, AK.
    What is the asking price?
    The asking price for this property is $749,000.
    What are key features of this property?
    This property features: - Turn-key fishing and hunting lodge on the Nushagak River in Bristol Bay, Alaska.; - 4.01-acre site with 12 buildings including a main lodge and three guest cabins.; - Includes generators (10KW & 20KW), well, and septic systems.
    (907) 357-2100
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    5 Willona Sub Ekwok, AK 99580
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    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
    5 Willona Sub Ekwok, AK 99580
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    We can help!
    Listing Contact
    Tom Lucas
    (907) 357-2100
    Learn more
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