Garage Condo with Secure
For Sale
$299,000
Pending
11-6155 S Mountain Cir, Wasilla, AK 99654
Private garage units offer flexible storage or workspace with gated entry, on-site conveniences, and paved parking.
Property Size1,000 SF
Days on Market63
Property Features for 11-6155 S Mountain Cir
General Information
Standard status
Pending
Size
1,000 SF
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Drive-In Doors
1
Taxes and HOA fees
Annual Taxes
$1,864
Amenities
24/7 secure gated access
paved parking lot
on-site dump station
bathroom/sink in each unit
Listing Agency:
Signature Real Estate Alaska
(907) 631-3033
Listed By:
Jeremiah J Benson · License #140259
(907) 841-6535
Source:
Exprealty
Added: Aug 14
Changed: Oct 8
Last Checked: Oct 12 at 10:25PM
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 Signature Real Estate Alaska
Investment Insights
Based on property information with market context.
These independently owned garage condos provide enclosed space for storage, equipment, vehicles, recreational items, or business operations. Each unit measures 20' x 50' and includes a 12' x 14' overhead door, bathroom, and sink. The configuration also accommodates personal workspace or hobby use.
Access is provided through a secure gated entry available 24/7. The property includes a paved parking area and an on-site dump station. Located along the Palmer-Wasilla Highway near Hyer Road, the garage condos offer a practical setting for owners seeking dedicated space for supplies, vehicles, seasonal items, or hands-on activities.
Access is provided through a secure gated entry available 24/7. The property includes a paved parking area and an on-site dump station. Located along the Palmer-Wasilla Highway near Hyer Road, the garage condos offer a practical setting for owners seeking dedicated space for supplies, vehicles, seasonal items, or hands-on activities.
Key Highlights
- 20' x 50' garage condo units
- 12' x 14' overhead door for each unit
- Secure gated access available 24/7
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,115
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$222,300
$222.3K
Cap Rate 7%
$158,786
$158.8K
Cap Rate 9%
$123,500
$123.5K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$18.0K $18.00/SF
− Vacancy
−$900 −$0.90/SF
EGI
$17.1K $17.10/SF
− OpEx
−$6.0K −$5.98/SF
NOI
$11.1K $11.11/SF
Area
Matanuska-Susitna County, AK
Vacancy
5.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$222,300
Cap Rate 7%
$158,786
Cap Rate 9%
$123,500
Alternative Uses
Best Use
Flex RnD
$158.8K
$138.9K – $185.3K
NOI $11,115 @ 7.0% cap · market cap 3.72%
Second Best
Self Storage
$121.8K
$106.6K – $142.1K
NOI $8,528 @ 7.0% cap · market cap 2.85%
Theoretical Best
Multifamily LT 5
$7.39M
$6.47M – $8.62M
NOI $517,499 @ 7.0% cap · market cap 173.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Drive-in doors
Yes
Fenced yard
Yes
Highway 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 Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Self storage facility - Private garage units offer flexible storage or workspace with gated entry, on-site conveniences, and paved parking.
Where is this self storage facility located?
The property is located at 11-6155 S Mountain Cir Wasilla, AK.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 20' x 50' garage condo units; 12' x 14' overhead door for each unit; Secure gated access available 24/7
