Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Fairbanks Land with Scenic Views Title is generated by Realmo AI

    1528 ALDERWOOD DRIVE lot 36, Fairbanks, AK 99709

    View on Map
    Claim this Listing
    For Sale
    $49,900

    LAND - Fairbanks, AK

    Lot size:
    2.82 Acres
    Added:
    Jun 20, 2025
    Days on Market:
    349
    Last Refresh:
    Jun 3 at 2:06 am

    Property Features for 1528 ALDERWOOD DRIVE lot 36

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Rural Estate Districts -2
    Standard status
    Active
    APN
    0417629
    Lot size
    2.82 Acres

    We can help!

    Listing Contact
    Kelli Powers
    Kelli Powers

    Listing agent Kelli Powers License #RECA15781

    Listing office CENTURY 21 GOLD RUSH 320 N Santa Claus Lane, North Pole, AK

    Listing date Jun 20, 2025

    MLS# 157932 Listing URL

    Copyright © 2026 Greater Fairbanks Board-Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Enjoy panoramic views of the Tanana River, Alaska Range, and city.
    • Location above the inversion layer.
    • Wooded lot.
    • Great neighborhood.
    • Great soil for building.
    • Hillside location.

    Overview

    This 2.82-acre lot is located in Fairbanks, Alaska. The wooded property offers views of the Tanana River, the Alaska Range, and the city. It is situated above the inversion in a neighborhood with soil suitable for building. The property is zoned for Rural Estate Districts -2.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Fairbanks
    County
    Yukon-Koyukuk
    State
    Alaska
    Longitude
    -147.993459
    Latitude
    64.799105

    Nearby Similar for Sale

    • $1,075,000
      5,000 SF

      Fairbanks Office Building For Sale

      5,000 SF office building with private offices and amenities.
      728 GAFFNEY ROAD, Fairbanks, AK 99701
      View Details
    • $625,000
      5,120 SF

      Versatile Commercial Property, Fairbanks

      High-visibility commercial property with industrial utility and retail potential.
      269 Illinois Street, Fairbanks, AK 99701
      View Details
    • $824,950
      8,480 SF

      Fairbanks Office Building For Sale

      Two-story office building in central Fairbanks with long-term tenants.
      909 CUSHMAN STREET, FAIRBANKS, AK 99701
      View Details
    • $824,950
      8,480 SF

      Fairbanks Two-Story Office Building

      Two-story office building in central Fairbanks with long-term tenants.
      909 Cushman Street, Fairbanks, AK 99701
      View Details
    • $355,000
      2,275 SF

      Versatile Commercial Property in Fairbanks

      Unique mixed-use property with showroom and warehouse in historic Fairbanks.
      201 MINNIE STREET, Fairbanks, AK 99701
      View Details
    • $690,000
      3,372 SF

      Ranch-Style Home with Guest House

      Spacious ranch home with guest house, shop, and sauna.
      149 CONCORD AVENUE, FAIRBANKS, AK 99712
      View Details
    • $625,000
      2,814 SF

      Fairbanks Multifamily Property with Shop

      Home, garage, shop, and rental income on 3 acres.
      877 RISSE ROAD, Fairbanks, AK 99712
      View Details
    • $755,000
      3,968 SF

      Modern Triplex: Turnkey Income Property

      2022-built triplex with proven cash flow in Fairbanks, Alaska.
      1632 STACIA STREET, Fairbanks, AK 99701
      View Details
    • $625,000
      5,120 SF

      Versatile Commercial Property, Fairbanks

      High-visibility commercial property with industrial utility and retail potential.
      269 Illinois Street, Fairbanks, AK 99701
      View Details
    • $595,000
      3,929 SF

      Spacious Duplex on Large Lot

      Five-bedroom duplex on 1.71 acres in Birch Hill.
      270 TERRACE DRIVE, Fairbanks, AK 99712
      View Details
    • $749,900
      5,344 SF

      Fairbanks Commercial Land For Sale

      Prime commercial land with high visibility in Fairbanks, Alaska.
      623 Old Steese Highway, Fairbanks, AK 99701
      View Details
    • $596,000
      6,135 SF

      Fairbanks Commercial Building on Cushman

      Versatile 6,135 SF building with storefront, warehouse, and office space.
      1620 S CUSHMAN, Fairbanks, AK 99701
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land with views of the Tanana River and Alaska Range.
    Where is this residential land & home lot located?
    The property is located at 1528 ALDERWOOD DRIVE lot 36 Fairbanks, AK.
    What is the asking price?
    The asking price for this property is $49,900.
    What are key features of this property?
    This property features: Enjoy **panoramic views** of the Tanana River, Alaska Range, and city.; Location above the inversion layer.; Wooded lot.
    (907) 322-1998
    We can help!
    Listing Contact
    Kelli Powers
    Kelli Powers
    Real Estate License ID: RECA15781
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1528 ALDERWOOD DRIVE lot: 36, Fairbanks, AK 99709
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!