Updated Three-Story Office
For Sale
$895,000
124 W Swanson Ave, Wasilla, AK 99654
Multi-level office property with separate entrances, commercial zoning, and a mix of leased and available areas.
Property Size5,427 SF
Price / SF$164.92
Days on Market83
Property Features for 124 W Swanson Ave
General Information
Standard status
Active
Size
5,427 SF
Building Details
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
Keller Williams Realty Alaska Group of Wasilla
Listed By:
Dustin Renner · License #16580
(907) 864-6500
Source:
Sellingalaskaco
Added: Jul 25
Changed: Sep 14
Last Checked: Oct 7 at 2:46PM
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 Keller Williams Realty Alaska Group of Wasilla
Investment Insights
Based on property information with market context.
This 5,427-square-foot office building extends across three levels, including a basement, main floor, and upper floor. Recent improvements include updated interior and exterior paint and a newer heating system. The property offers a flexible configuration, with two separate entrances on the main level and an additional entrance serving the basement. Portions of the building are leased, including the middle level, basement, and one upstairs room, while the larger upstairs area and two additional large rooms remain available.
Located at 124 W Swanson Ave in downtown Wasilla, the property has commercial zoning and a visible street presence. Its combination of multiple floors, distinct access points, and separated interior areas supports a range of office configurations within a single building.
Located at 124 W Swanson Ave in downtown Wasilla, the property has commercial zoning and a visible street presence. Its combination of multiple floors, distinct access points, and separated interior areas supports a range of office configurations within a single building.
Key Highlights
- 5,427‑square‑foot office building in downtown Wasilla
- Three‑story configuration with basement, main, and upper levels
- Two main‑floor entrances plus a separate basement entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,609
Cap Rate
8.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,512,180
$1.5M
Cap Rate 7%
$1,080,129
$1.1M
Cap Rate 9%
$840,100
$840.1K
Market Conditions
NOI Build-Up for 5,427 SF
Gross rent
$130.2K $24.00/SF
− Vacancy
−$29.4K −$5.42/SF
EGI
$100.8K $18.58/SF
− OpEx
−$25.2K −$4.64/SF
NOI
$75.6K $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%
$1,512,180
Cap Rate 7%
$1,080,129
Cap Rate 9%
$840,100
Alternative Uses
Best Use
Office B
$1.08M
$945.1K – $1.26M
NOI $75,609 @ 7.0% cap · market cap 8.45%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$40.12M
$35.11M – $46.81M
NOI $2,808,468 @ 7.0% cap · market cap 313.80%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - Multi-level office property with separate entrances, commercial zoning, and a mix of leased and available areas.
Where is this office building located?
The property is located at 124 W Swanson Ave Wasilla, AK.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 5,427‑square‑foot office building in downtown Wasilla; Three‑story configuration with basement, main, and upper levels; Two main‑floor entrances plus a separate basement entrance
