Downtown Office
131-133 E Swanson Avenue Wasilla, AK 99654
131-133 E Swanson Avenue, Wasilla, AK, 99654
$1,230,000
For Sale
$1,230,000
Two downtown office buildings on nearly a half-acre, featuring paved parking, covered entries, and office space on both levels.
Property Size6,034 SF
Lot Size0.50 Acres
Price / SF$203.84
Days on Market192
Property Features for 131-133 E Swanson Avenue
General Information
- Standard status
- Active
- Size
- 6,034 SF
- Lot size
- 0.50 Acres
- Property subtype
- General Commercial
Building Details
- Year Built
- 2005
Listing agency
RE/MAX Dynamic Properties Mat-Su Branch
(907) 232-4895
Listed by
Russell Joyce · License #14891
(907) 232-4895
Source
Xome
Added: Jan 10 Updated: Jul 20 at 5:41PM Checked: Jul 21 at 3:00AM
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 RE/MAX Dynamic Properties Mat-Su Branch
Investment Insights
Based on property information with market context.
This offering includes two commercial office buildings on nearly a half-acre in downtown Wasilla. Building 1 is a log structure with a full daylighted basement and a total of 3,720 square feet, with covered entries and accessible space on the upper level. Building 2 is a two-story structure with a common entry, offices, lavatories, and kitchenettes on both levels.
The property provides adequate paved parking with barriers and includes business signage. Covered and accessible entry points support day-to-day tenant access across the buildings.
Overall, the configuration provides office space in both buildings with multiple restroom and kitchenette provisions in Building 2, along with a daylighted lower level in Building 1.
The property provides adequate paved parking with barriers and includes business signage. Covered and accessible entry points support day-to-day tenant access across the buildings.
Overall, the configuration provides office space in both buildings with multiple restroom and kitchenette provisions in Building 2, along with a daylighted lower level in Building 1.
Key Highlights
- Two commercial office buildings on nearly a half‑acre in downtown Wasilla
- Building 1 log structure with full daylighted basement and total 3,720 SF
- Covered entries on Building 1, with upper‑level accessibility
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $144.8k | $24.00 |
| − Vacancy | −$32.7k | −$5.42 |
| EGI | $112.1k | $18.58 |
| − OpEx | −$28.0k | −$4.64 |
| NOI | $84.1k | $13.93 |
6,034 SF · lease $24.00/SF/yr · vacancy 22.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.20M
$1.05M – $1.40M
NOI $84,066 @ 7.0% cap · market cap 6.83%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$44.61M
$39.03M – $52.04M
NOI $3,122,590 @ 7.0% cap · market cap 253.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Two downtown office buildings on nearly a half-acre, featuring paved parking, covered entries, and office space on both levels.
Where is this office building located?
The property is located at 131-133 E Swanson Avenue Wasilla, AK.
What is the asking price?
The asking price for this property is $1,230,000.
What are key features of this property?
This property features: Two commercial office buildings on nearly a half‑acre in downtown Wasilla; Building 1 log structure with full daylighted basement and total 3,720 SF; Covered entries on Building 1, with upper‑level accessibility
