Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Lot in Lena Loop Title is generated by Realmo AI

    16490 Ocean View Drive, Juneau, AK 99801

    View on Map
    Claim this Listing
    New
    For Sale
    $385,000

    Single Family/Duplex - Juneau, AK

    Lot size:
    0.72 Acres
    Added:
    May 12, 2026
    Days on Market:
    2
    Last Refresh:
    May 13 at 5:06 am

    Property Features for 16490 Ocean View Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    D3-Sngl Fam&Dup
    Standard status
    Active
    Lot size
    0.72 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Christy Simonson

    Listing agent Christy Simonson

    Listing office Real Broker, LLC Juneau Home Group 2 Marine Way STE 111, Eagle River, AK

    Listing date May 12, 2026

    MLS# 260348 Listing URL

    Copyright © 2026 Southeast Alaska Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Large 0.7185‑acre lot in the desirable Lena Loop area.
    • Located on Ocean View Drive with potential for scenic views.
    • Peaceful setting surrounded by mature trees and natural beauty.
    • Opportunity to build a custom residence or private retreat.
    • Short drive to Auke Bay amenities, recreation, and town.
    • Upscale neighborhood with established homes.

    Overview

    Located on Ocean View Drive in Juneau, Alaska, this 0.7185-acre lot presents an opportunity to build a custom residence in the desirable Lena Loop area. The neighborhood is known for its peaceful setting, upscale homes, and natural beauty. Surrounded by mature trees and the serenity of Southeast Alaska, the property offers a balance of privacy and convenience, with a short drive to Auke Bay amenities, recreation, and town. The property is zoned D3-Sngl Fam&Dup, allowing for single-family or duplex development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Juneau
    County
    Juneau
    State
    Alaska
    Longitude
    -134.7570682
    Latitude
    58.3874514

    Nearby Similar for Sale

    • $449,000
      1,393 SF

      Charming Duplex in Mendenhall Valley

      Comfortable duplex with income potential in a convenient location.
      2196 Cascade Street, Juneau, AK 99801
      View Details
    • $965,000
      5,100 SF

      Versatile Industrial Building with Living

      Commercial-industrial building with shop/workspace and expansive living quarters.
      5763 Glacier Highway, Juneau, AK 99801
      View Details
    • $415,000

      Build-Ready Lot with Views

      Cleared Juneau lot with utilities and stunning views.
      Merritt Road, Juneau, AK 99801
      View Details
    • $899,000
      5,840 SF

      Juneau Industrial Building For Sale

      Versatile industrial building in Lemon Creek, Juneau, Alaska.
      2005 Anka, Juneau, AK 99801
      View Details
    • $659,000
      2,184 SF

      Well-Maintained Duplex with Upgrades

      Updated duplex perfect for investors or owner-occupants.
      9353 Stephen Richards Memorial Drive, Juneau, AK 99801
      View Details
    • $120,000

      Remote Alaskan Recreational Land

      Secluded 1.39-acre lot on Horse Island near Juneau.
      Nhn Horse Island, Juneau, AK 99801
      View Details
    • $3,200,000
      18,240 SF

      Juneau Apartment Building Investment Opportunity

      Two-story apartment building with 30 units and stable tenancy.
      9000 Stephen Richards Memorial Dr, Juneau, AK 99801
      View Details
    • $142,000

      Downtown Juneau Land Opportunity

      Land for sale in downtown Juneau, Alaska.
      275 Irwin St, Juneau, AK 99801
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Desirable 0.7185-acre lot in Juneau's sought-after Lena Loop.
    Where is this residential land & home lot located?
    The property is located at 16490 Ocean View Drive Juneau, AK.
    What is the asking price?
    The asking price for this property is $385,000.
    What are key features of this property?
    This property features: Large 0.7185‑acre lot in the desirable Lena Loop area.; Located on Ocean View Drive with potential for scenic views.; Peaceful setting surrounded by mature trees and natural beauty.
    (907) 227-7370
    We can help!
    Listing Contact
    Christy Simonson
    Learn More
    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
    16490 Ocean View Drive, Juneau, AK 99801
    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!