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    945 Elizabeth St Fairbanks, AK 99709

    Sponsored
    For Sale
    $2,600,000

    National Tenant, 7.5% Cap Rate, Excellent Location

    Property size:
    21,690 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional investment opportunity presents a 21,690 square foot property situated on a one-acre lot at 945 Elizabeth Street, Fairbanks, Alaska. The property boasts a highly desirable 7.5% cap rate, making it an attractive proposition for discerning investors. Currently leased to a national distribution company, the lease agreement extends through November 2032, providing long-term stability and predictable income. The strategic location on Elizabeth Street offers convenient access to both Hanson Road and Marika Road, placing the property within the thriving Aurora Drive district. This prime location ensures high visibility and easy accessibility for both the tenant and potential future occupants. The substantial square footage offers significant potential for various uses, further enhancing the investment's appeal. With a secure, long-term lease and a strong cap rate, this property represents a rare opportunity to acquire a high-performing asset in a desirable Fairbanks location. The substantial size and strategic location make this a compelling investment for those seeking a stable and profitable addition to their portfolio. This is a turnkey investment opportunity with minimal management requirements due to the existing long-term lease. The property's strong financial performance and secure tenancy make it an ideal choice for investors seeking both immediate returns and long-term growth.

    Property Features for 945 Elizabeth St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    21,690 SF
    Lot Size
    43,560 SF

    Building Details

    Year Built
    1975
    Property Profile Location Intelligence

    Current Use by Public Records

    RNDC - Alaska (formerly ... Alcoholic Beverage Wholesaler

    Map

    City
    Fairbanks
    County
    Fairbanks North Star Borough
    State
    Alaska
    Longitude
    -147.7675
    Latitude
    64.85328

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    FAQs

    What type of property is this?
    Commercial real estate - National Tenant, 7.5% Cap Rate, Excellent Location
    Where is this commercial real estate located?
    The property is located at 945 Elizabeth St Fairbanks, AK.
    What is the asking price?
    The asking price for this property is $2,600,000.
    (907) 952-1884
    Request Owner's contact information
    945 Elizabeth St Fairbanks, AK 99709
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    Fairbanks, AK 99709
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    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
    945 Elizabeth St Fairbanks, AK 99709
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