Building Details

Year Built 2003

Buildings 2

Stories 3

Listing Agency: Aspire Realty Group j***@aspirerealtygroup.com Show Phone

Listed By: Justin Milette · License #122771

Source: Crexi

Added: Apr 4, 2025 Changed: Aug 14 Last Checked: Aug 23 at 2:02PM

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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 Aspire Realty Group

Investment Insights

Based on property information with market context.

This property, set on over 12 acres of lakefront land, offers a balance of remoteness and accessibility, located near Trapper Creek and a nearby airstrip. Currently operated as an active Airbnb with financials available to serious buyers, this fully furnished lodge is ready for immediate operation as a premium Airbnb or private retreat. The property is positioned to benefit from the growing eco-tourism and adventure travel market, located along a proposed exit/entry point of the Alaskan Long Trail, a 500+ mile hiking route currently in development. The expansive acreage provides room to build additional cabins, glamping sites, RV Camping, or offer adventure tour staging areas. Its location is suited for guided hiking tours, snowmobiling and ATV excursions, wildlife safaris, and more, making it a year-round destination. The property, with a size of 3894 square feet, is suited for use as either a personal Alaskan home/lodge or a business venture.

Key Highlights

• Prime Lakefront Location: 12+ acres with stunning views and serenity, offering both remoteness and accessibility.
• Luxury Turnkey Airbnb/Retreat: Fully furnished with high‑end decor, ready for immediate operation in the Alaska tourism market.
• Thriving Tourism Potential: Located along a proposed Alaskan Long Trail exit/entry point, poised to benefit from growing eco‑tourism.

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$24,415

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

2.87%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$488,300 $488.3K

Cap Rate 7%

$348,786 $348.8K

Cap Rate 9%

$271,278 $271.3K

Market Conditions

NOI Build-Up for 3,894 SF 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.

Gross rent

$58.4K $15.00/SF

− Vacancy

−$7.0K −$1.80/SF

EGI

$51.4K $13.20/SF

− OpEx

−$27.0K −$6.93/SF

NOI

$24.4K $6.27/SF

Area

Matanuska-Susitna County, AK

Vacancy

12.00%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

52.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$488,300

Cap Rate 7%

$348,786

Cap Rate 9%

$271,278

Alternative Uses

Best Use

Hotel Hospitality

$348.8K

$305.2K – $406.9K (±1% cap)

NOI $24,415 @ 7.0% cap · market cap 2.87%

Second Best

—

—

no second resolved use

Theoretical Best

Multifamily LT 5

$28.79M

$25.19M – $33.59M (±1% cap)

NOI $2,015,142 @ 7.0% cap · market cap 237.08%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Bed & breakfasts

Location Intelligence

Demographics for 99683, AK

576

Population

1,178

Households

0.5

Avg Household Size

57

Median Age

22%

College-Educated

92%

High-School Grad

1,573.6 sq mi

ZIP Area

$63,281

Median Household Income

$41,000

Median Earnings

$204,900

Median Home Value

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Bed & breakfast - Turnkey lodge with tourism potential on 12+ acres.

Where is this bed & breakfast located?

The property is located at 29161 N Parks Highway Trapper Creek, AK.

What is the asking price?

The asking price for this property is $850,000.

What are key features of this property?

This property features: Prime Lakefront Location: 12+ acres with stunning views and serenity, offering both remoteness and accessibility.; Luxury Turnkey Airbnb/Retreat: Fully furnished with high‑end decor, ready for immediate operation in the Alaska tourism market.; Thriving Tourism Potential: Located along a proposed Alaskan Long Trail exit/entry point, poised to benefit from growing eco‑tourism.