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    40285 Sterling Hwy Homer, AK 99603

    Sponsored
    For Sale
    $139,000
    Added:
    Feb 13, 2025
    Days on Market:
    329

    Property Features for 40285 Sterling Hwy

    General Information

    Property type
    Land
    Lot Size
    87,120 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Homer
    County
    Kenai Peninsula Borough
    State
    Alaska
    Longitude
    -151.68555
    Latitude
    59.688095

    Nearby Comparable

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      delighting diners with its fresh seafood
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      1.00 Acre

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    Nearby Similar for Sale

    • $4,000,000
      10,800 SF

      000 sf of space and the second story has 1800-2000 sf of space. The second story is not yet completed. The partially completed 2nd story has a master suite

      2 guest bedrooms
      3695 Lake St, Homer, AK 99603
      View Details
    • $275,000
      752 SF

      Homer Boatyard Cafe - Turnkey Business

      Iconic Homer restaurant, established business, turnkey operation.
      5075 Kachemak Dr, Homer, AK 99603
      View Details
    • $1,400,000
      4,800 SF

      Homer, AK Commercial Shop - $1.4M

      Spacious 3-Bay Shop, prime Kachemak City location.
      3201 Little Fireweed Ln, Homer, AK 99603
      View Details
    • $1,950,000
      2,930 SF

      making it a prime destination for food enthusiasts and nature lovers alike. \n\nThe Restaurant:\nCaptain Patties Fish House has been one of Homer's most popular and loved restaurants for over two decades

      delighting diners with its fresh seafood
      4241 Homer Spit Rd, Homer, AK 99603
      View Details
    • $850,000
      1,650 SF

      3714 Greatland St, Homer, AK 99603

      Commercial real estate • 1,650 SF
      3714 Greatland St, Homer, AK 99603
      View Details

    FAQs

    Where is this land located?
    The property is located at 40285 Sterling Hwy Homer, AK.
    What is the asking price?
    The asking price for this property is $139,000.
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    Homer, AK 99603
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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
    40285 Sterling Hwy Homer, AK 99603
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