Six-Unit Retail Office
1-6-5031 E Mayflower Ln Wasilla, AK 99654
For Sale
$750,000
Six side-by-side units offer individual exterior entrances and on-site front-and-back parking.
Property Size3,550 SF
Price / SF$211.27
Days on Market8
Property Features for 1-6-5031 E Mayflower Ln
General Information
Standard status
Active
Size
3,550 SF
Listing Agency:
Real Broker Alaska
(907) 351-4794
Listed By:
Joseph Miller · License #11361
(907) 351-4794
Source:
Exprealty
Added: Jul 22
Changed: Jul 27
Last Checked: Jul 27 at 5:57AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Real Broker Alaska
Investment Insights
Based on property information with market context.
This six-unit retail/office building totals 3,550 square feet and was originally constructed in 1985. The property is a single-level structure with all units side by side. Each unit has its own exterior entrance with main access facing E. Palmer Wasilla Highway, along with additional back access. Separate storage is located in the rear of the building with one storage space per unit. A utility room in the back includes a boiler, HWH, and additional storage for building maintenance items.
On-site parking is available at both the front and the back of the building. The building’s unit entrances are oriented toward the highway to support customer access.
A new roof is scheduled for July 2026.
On-site parking is available at both the front and the back of the building. The building’s unit entrances are oriented toward the highway to support customer access.
A new roof is scheduled for July 2026.
Key Highlights
- 6‑unit retail/office building totaling 3,550 SF, originally constructed in 1985
- Single‑level layout with all units side by side, each with individual exterior entrances
- Main access for all units facing E. Palmer Wasilla Highway, with additional back access
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $85.2k | $24.00 |
| − Vacancy | −$19.3k | −$5.42 |
| EGI | $65.9k | $18.58 |
| − OpEx | −$16.5k | −$4.64 |
| NOI | $49.5k | $13.93 |
3,550 SF · lease $24.00/SF/yr · vacancy 22.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$706.6K
$618.2K – $824.3K
NOI $49,459 @ 7.0% cap · market cap 6.59%
Second Best
Retail
$612.2K
$535.6K – $714.2K
NOI $42,851 @ 7.0% cap · market cap 5.71%
Theoretical Best
Multifamily LT 5
$26.24M
$22.96M – $30.62M
NOI $1,837,122 @ 7.0% cap · market cap 244.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Six side-by-side units offer individual exterior entrances and on-site front-and-back parking.
Where is this office units located?
The property is located at 1-6-5031 E Mayflower Ln Wasilla, AK.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 6‑unit retail/office building totaling 3,550 SF, originally constructed in 1985; Single‑level layout with all units side by side, each with individual exterior entrances; Main access for all units facing E. Palmer Wasilla Highway, with additional back access
