Your AI Navigator in Commercial Real Estate
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

    622 11Th Ave Fairbanks, AK 99701

    For Sale
    $5,200,000

    COMMERCIAL/INDUSTRIAL - Fairbanks, AK

    Property size:
    26,000 SF
    Lot size:
    0.70 Acres
    Days on Market:
    94
    Last Refresh:
    Dec 5 at 1:06 pm

    Property Features for 622 11Th Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    General Commercial District
    Parking
    32
    Size
    26,000 SF
    Lot size
    0.70 Acres

    Utilities

    Heating system
    Baseboard, Hot Water (Heating)

    Building Details

    Year built
    1972
    Building materials
    Other, See Remarks
    Architectural style
    Other

    Walden Home Group (907) 452-3000 [email protected]

    Listing agent Gary Gallemore (907) 452-3000 License #154233

    Listing date Sep 3, 2025

    MLS# 158581 Listing URL

    Copyright © 2025 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

    Downtown Fairbanks 34-Unit Investment Opportunity

    Located in the heart of downtown Fairbanks, this 34-unit complex presents an investment opportunity. The property has been maintained with recent exterior upgrades, including new roofs, fresh paint, updated decks, and improved foundation flashing. The units offer income generation with minimal expenses and an impressive cap rate of over 8%. The property is located in the General Commercial District.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Fairbanks
    County
    Yukon-Koyukuk
    State
    Alaska
    Longitude
    -147.7205415
    Latitude
    64.8384479

    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
    • $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
    • $775,900
      4,096 SF

      Modern Fourplex in North Pole

      Four modern units with garages in a growing area.
      2000 Sunlit Fld Ct, North Pole, AK 99705
      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
    • $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
    • $425,000
      3,528 SF

      Updated Duplex Near Chena River

      Updated duplex near Chena River and downtown Fairbanks.
      405 Lathrop St, Fairbanks, AK 99701
      View Details

    FAQs

    What type of property is this?
    Apartment building - 34-unit complex in downtown Fairbanks with recent upgrades and high income.
    Where is this apartment building located?
    The property is located at 622 11Th Ave Fairbanks, AK.
    What is the asking price?
    The asking price for this property is $5,200,000.
    What are key features of this property?
    This property features: - High income generation with an impressive cap rate of over 8% and minimal expenses.; - 34-unit complex in the heart of Downtown Fairbanks.; - Recent exterior upgrades include new roofs, fresh paint, updated decks, and improved foundation flashing.
    (907) 452-3000
    Request Owner's contact information
    622 11Th Ave 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.
    622 11Th Ave
    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 Estimation

    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.

    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.

    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
    622 11Th Ave 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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.