Six-Unit Retail Office
For Sale
$750,000
1-6-5031 E Mayflower Ln, Wasilla, AK 99654
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 Market108
Property Features for 1-6-5031 E Mayflower Ln
General Information
Standard status
Active
Size
3,550 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1985
Stories
1
Tenancy
Multi
Listing Agency:
Real Broker Alaska
(855) 450-0442
Listed By:
Joseph Miller · License #11361
(907) 351-4794
Source:
Exprealty
Added: Jul 22
Changed: Nov 1
Last Checked: Nov 4 at 6:01PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$49,459
Cap Rate
6.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$989,180
$989.2K
Cap Rate 7%
$706,557
$706.6K
Cap Rate 9%
$549,544
$549.5K
Market Conditions
NOI Build-Up for 3,550 SF
Gross rent
$85.2K $24.00/SF
− Vacancy
−$19.3K −$5.42/SF
EGI
$65.9K $18.58/SF
− OpEx
−$16.5K −$4.64/SF
NOI
$49.5K $13.93/SF
Area
Matanuska-Susitna County, AK
Vacancy
22.60%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$989,180
Cap Rate 7%
$706,557
Cap Rate 9%
$549,544
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.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Demographics for 99654, AK
40,726
Population
17,006
Households
2.4
Avg Household Size
35
Median Age
24%
College-Educated
95%
High-School Grad
113.6 sq mi
ZIP Area
359
Density / Sq Mi
$93,739
Median Household Income
$53,748
Median Earnings
$1,233
Median Rent
$342,200
Median Home Value
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Six side-by-side units offer individual exterior entrances and on-site front-and-back parking.
Where is this office unit 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
