Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Land in North Pole, AK Title is generated by Realmo AI

    1990 TUNNELS ROAD lot 3, North Pole, AK 99705

    View on Map
    Claim this Listing
    For Sale
    $32,000

    LAND - North Pole, AK

    Lot size:
    2.20 Acres
    Added:
    Jan 30, 2026
    Days on Market:
    124
    Last Refresh:
    Jun 3 at 2:06 am

    Property Features for 1990 TUNNELS ROAD lot 3

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    General Use District - 1
    Standard status
    Active
    APN
    461695
    Lot size
    2.20 Acres

    Taxes and HOA fees

    Tax Annual Amount
    274

    We can help!

    Listing Contact
    Kelly Paschall

    Listing agent Kelly Paschall License #RECS17628

    Listing office ALASKA REAL ESTATE VALUES 510 Noble Street, Fairbanks, AK

    Listing date Jan 30, 2026

    MLS# 159302 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

    • Over 2 acres of land
    • Flat and usable lot
    • Power adjacent to property
    • Maintained road access
    • Favorable location (coordinates provided)
    • All usable land

    Overview

    This property features over 2 acres of land in North Pole, Alaska. The flat lot is entirely useable and accessible via a maintained road. Power is located adjacent to the property. The zoning is General Use District - 1.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    North Pole
    County
    Yukon-Koyukuk
    State
    Alaska
    Longitude
    -147.444561
    Latitude
    64.797026

    Nearby Similar for Sale

    • $850,000
      4,968 SF

      Versatile Property Near Fairbanks

      Shop with living quarters and rental income potential.
      1960 ROGGE AVENUE, North Pole, AK 99705
      View Details
    • $949,999
      6,415 SF

      Spacious Multi-Family Property, North Pole

      6,415 SF property with 10 bedrooms and flexible layout.
      109 FIFTH AVENUE, North Pole, AK 99705
      View Details
    • $949,999
      6,415 SF

      Spacious Multi-Family Property, North Pole

      6,415 SF property with 10 bedrooms, potential for STR.
      109 Fifth Avenue, North Pole, AK 99705
      View Details
    • $2,950,000
      12,000 SF

      Modern Multi-Family Investment Opportunity

      Three modern 4-plex buildings, 12 units, generating $275,000 annually.
      2969 BADGER ROAD, North Pole, AK 99705
      View Details
    • $775,900
      4,096 SF

      Four-Plex in North Pole, AK

      Four modern units with garages in a growing area.
      2000 SUNLIT FIELDS COURT, North Pole, AK 99705
      View Details
    • $699,900
      5,112 SF

      Spacious Multi-Unit Property, North Pole

      Income-producing property with flexible multi-unit living arrangements in North Pole.
      968 LAKLOEY DRIVE, North Pole, AK 99705
      View Details
    • $180,000
      2,834 SF

      North Pole Triplex with Garages

      Triplex in North Pole with income potential and garages.
      1308 SLOAN STREET, North Pole, AK 99705-0000
      View Details
    • $389,900
      2,600 SF

      Duplex Near Ft. Wainwright Gate

      Well-located duplex offers investment or owner-occupancy potential.
      872 RIDGE LOOP ROAD, North Pole, AK 99705
      View Details
    • $429,900
      2,184 SF

      Quality Duplex on Acreage

      Income-producing duplex built in 2020 on over an acre.
      2531 CLYDESDALE DRIVE, North Pole, AK 99705
      View Details
    • $189,000
      3,120 SF

      North Pole 7-Bedroom Duplex

      7-bedroom duplex in North Pole with income potential.
      643 BOTTLES STREET, NORTH POLE, AK 99705
      View Details
    • $390,000
      2,160 SF

      Turn-Key Multi-Unit Investment Opportunity

      Multi-unit property with solar panels in North Pole, Alaska.
      2535 DILLON AVENUE, North Pole, AK 99705
      View Details
    • $419,000
      4,308 SF

      Duplex on Redmond Avenue, North Pole

      Two well-maintained homes on a 2.02-acre lot.
      1403/1407 REDMOND AVENUE, North Pole, AK 99705-0000
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2+ acre flat lot with power access in North Pole.
    Where is this commercial land located?
    The property is located at 1990 TUNNELS ROAD lot 3 North Pole, AK.
    What is the asking price?
    The asking price for this property is $32,000.
    What are key features of this property?
    This property features: Over 2 acres of land; Flat and usable lot; Power adjacent to property
    (907) 590-6761
    We can help!
    Listing Contact
    Kelly Paschall
    Real Estate License ID: RECS17628
    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
    1990 TUNNELS ROAD lot: 3, North Pole, AK 99705-9999
    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!