Flex Space with Two
For Sale
$699,000
1700 W Vaunda Ave, Wasilla, AK 99654
Two shop areas include bathrooms, overhead doors, parking, and separate utility metering.
Property Size4,884 SF
Lot Size0.94 Acres
Price / SF$143.12
Days on Market14
Property Features for 1700 W Vaunda Ave
General Information
Standard status
Active
Size
4,884 SF
Lot size
0.94 Acres
Property subtype
Commercial
Additional Details
Utilities to Site
Yes
Warehouse Space
4,800 SF
Building Details
Year Built
1999
Buildings
2
Listing Agency:
The Kibe Lucas Team Keller Williams Alaska Advisors
Listed By:
Kibe Lucas
(907) 357-4663
Source:
Viewanchoragehouses
Added: Aug 29
Changed: Sep 10
Last Checked: Sep 10 at 2:54PM
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 The Kibe Lucas Team Keller Williams Alaska Advisors
Investment Insights
Based on property information with market context.
This flex space in Wasilla contains 4,884 square feet across two shop buildings. One measures 30 by 40 feet, while the larger shop measures 30 by 120 feet. Both areas include bathrooms and large overhead doors, with parking available on the 0.94-acre property. Four separate gas and electric meters support the configuration. Built in 1999, the property is located at 1700 W Vaunda Ave and offers a layout that can accommodate a single business or separate rental units.
Key Highlights
- 4,800+ sq ft of shop space on 0.94 acres
- Two shops measuring 30x40 and 30x120
- Bathrooms and large overhead doors in both shops
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$54,286
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.77%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,085,720
$1.1M
Cap Rate 7%
$775,514
$775.5K
Cap Rate 9%
$603,178
$603.2K
Market Conditions
NOI Build-Up for 4,884 SF
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.
Gross rent
$87.9K $18.00/SF
− Vacancy
−$4.4K −$0.90/SF
EGI
$83.5K $17.10/SF
− OpEx
−$29.2K −$5.98/SF
NOI
$54.3K $11.11/SF
Area
Matanuska-Susitna County, AK
Vacancy
5.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,085,720
Cap Rate 7%
$775,514
Cap Rate 9%
$603,178
Alternative Uses
Best Use
Flex RnD
$775.5K
$678.6K – $904.8K
NOI $54,286 @ 7.0% cap · market cap 7.77%
Second Best
Warehouse
$567.1K
$496.2K – $661.6K
NOI $39,694 @ 7.0% cap · market cap 5.68%
Theoretical Best
Multifamily LT 5
$36.11M
$31.59M – $42.12M
NOI $2,527,466 @ 7.0% cap · market cap 361.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Utilities to site
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 Industrial in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Two shop areas include bathrooms, overhead doors, parking, and separate utility metering.
Where is this flex space located?
The property is located at 1700 W Vaunda Ave Wasilla, AK.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 4,800+ sq ft of shop space on 0.94 acres; Two shops measuring 30x40 and 30x120; Bathrooms and large overhead doors in both shops
