Mixed-Use Property with Living
For Sale
$509,000
16500 E Marilyn Dr, Palmer, AK 99645
The existing retail operation is paired with residential quarters in an established mixed-use configuration.
Property Size3,912 SF
Price / SF$130.11
Days on Market8
Property Features for 16500 E Marilyn Dr
General Information
Standard status
Active
Size
3,912 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Building Details
Year Built
1984
Listing Agency:
Elite Real Estate Group
Listed By:
Jeff Goyette
(907) 232-3537
Source:
Viewanchoragehouses
Added: Oct 1
Changed: Oct 7
Last Checked: Oct 7 at 12:26PM
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 Elite Real Estate Group
Investment Insights
Based on property information with market context.
This 3,912-square-foot mixed-use property, built in 1984, currently combines a retail store with living quarters. The building has two gas meters and three electric meters; of the electric meters, two are single-phase and one is three-phase, according to MEA.
Key Highlights
- 3,912‑square‑foot mixed‑use building constructed in 1984
- Current configuration includes a retail store and living quarters
- Two gas meters and three electric meters: two single‑phase, one three‑phase
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,925
Cap Rate
6.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$638,500
$638.5K
Cap Rate 7%
$456,071
$456.1K
Cap Rate 9%
$354,722
$354.7K
Market Conditions
NOI Build-Up for 3,912 SF
Gross rent
$54.9K $14.04/SF
− Vacancy
−$3.8K −$0.98/SF
EGI
$51.1K $13.06/SF
− OpEx
−$19.2K −$4.90/SF
NOI
$31.9K $8.16/SF
Area
Matanuska-Susitna County, AK
Vacancy
7.00%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$638,500
Cap Rate 7%
$456,071
Cap Rate 9%
$354,722
Alternative Uses
Best Use
Retail
$674.6K
$590.3K – $787.0K
NOI $47,221 @ 7.0% cap · market cap 9.28%
Second Best
Mixed Use
$456.1K
$399.1K – $532.1K
NOI $31,925 @ 7.0% cap · market cap 6.27%
Theoretical Best
Multifamily LT 5
$28.92M
$25.31M – $33.74M
NOI $2,024,457 @ 7.0% cap · market cap 397.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Demographics for 99645, AK
28,818
Population
12,021
Households
2.4
Avg Household Size
37
Median Age
31%
College-Educated
95%
High-School Grad
586.2 sq mi
ZIP Area
49
Density / Sq Mi
$97,069
Median Household Income
$51,710
Median Earnings
$1,309
Median Rent
$338,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The existing retail operation is paired with residential quarters in an established mixed-use configuration.
Where is this mixed-use property located?
The property is located at 16500 E Marilyn Dr Palmer, AK.
What is the asking price?
The asking price for this property is $509,000.
What are key features of this property?
This property features: 3,912‑square‑foot mixed‑use building constructed in 1984; Current configuration includes a retail store and living quarters; Two gas meters and three electric meters: two single‑phase, one three‑phase
