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    Versatile Shop in North Pole Title is generated by Realmo AI

    3035 TREATY STREET, North Pole, AK 99705

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    For Sale
    $409,900

    Warehouse - North Pole, AK

    Type:Warehouse
    Property size:
    2,304 SF
    Lot size:
    0.80 Acres
    Price / SF:
    $177/SF
    Added:
    Feb 14, 2026
    Days on Market:
    91
    Last Refresh:
    May 16 at 5:06 pm

    Property Features for 3035 TREATY STREET

    General Information

    Property type
    Commercial Sale
    Property subtype
    Warehouse
    Zoning
    Rural Residential District
    Parking
    8
    Standard status
    Active
    Size
    2,304 SF
    Lot size
    0.80 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1341

    Utilities

    Heating system
    Radiant

    Building Details

    Year built
    2014
    Building materials
    Frame
    Architectural style
    Other

    We can help!

    Listing Contact
    Cameron Harter

    Listing agent Cameron Harter License #RECA15969

    Listing office ALASKA REAL ESTATE COMPANY 748 Gaffney Road, Fairbanks, AK

    Listing date Feb 14, 2026

    MLS# 159372 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

    • Versatile 4‑bay shop with extra‑tall bay door suitable for RVs, trailers, or large equipment.
    • Gravel pad prepped for future home construction with utility passthroughs in the shop foundation.
    • Boiler sized to heat both the shop and a future home.
    • Powered Conex provides additional secure storage.
    • Includes bathroom, boiler and used oil burner, and heavy‑duty shelving.
    • Located in North Pole; LOT 11, BLOCK 5, PARKS 16 MILE conveys with property.

    Overview

    This is a versatile 4-bay shop located in North Pole. The property is well-equipped with features including a bathroom, a boiler, and a used oil burner. Heavy-duty shelving is installed throughout the shop. One of the bay doors is extra tall, designed to accommodate RVs, trailers, or large equipment. For additional secure storage, there is a powered Conex located behind the shop. Adjacent to the shop is a gravel pad, which was originally prepped for a future home. The shop's foundation includes utility passthroughs, and the boiler is sized to heat both the shop and a future home. The property is situated on a 0.8-acre lot. The shop has 2304 square feet of space. LOT 11, BLOCK 5, PARKS 16 MILE conveys with property. The property is zoned as Rural Residential District. It is ideal for storage, hobbies, or personal use with room to expand.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Map

    City
    North Pole
    County
    Yukon-Koyukuk
    State
    Alaska
    Longitude
    -147.3104791
    Latitude
    64.7308321

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    FAQs

    What type of property is this?
    Warehouse - Well-equipped 4-bay shop with expansion potential in North Pole.
    Where is this warehouse located?
    The property is located at 3035 TREATY STREET North Pole, AK.
    What is the asking price?
    The asking price for this property is $409,900.
    What are key features of this property?
    This property features: Versatile 4‑bay shop with extra‑tall bay door suitable for RVs, trailers, or large equipment.; Gravel pad prepped for future home construction with utility passthroughs in the shop foundation.; Boiler sized to heat both the shop and a future home.
    (907) 590-3612
    We can help!
    Listing Contact
    Cameron Harter
    Real Estate License ID: RECA15969
    Learn More
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    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.

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