Palmer-Wasilla Highway Mixed-Use
3161 E Palmer-Wasilla Hwy Wasilla, AK 99654
3161 E Palmer-Wasilla Hwy, Wasilla, AK, 99654
Contact for pricing
For Sale
Contact for pricing
13,800 SF mixed-use building on Palmer-Wasilla Highway for sale.
Property Size13,800 SF
Lot Size1.57 Acres
Price / SF$170.29
Days on Market833
Property Features for 3161 E Palmer-Wasilla Hwy
General Information
- Standard status
- Active
- Size
- 13,800 SF
- Lot size
- 1.57 Acres
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1975
Listing agency
Spire Commercial Real Estate
(907) 230-1523
Listed by
Ryan Schwalbe · License #AK 194501
Source
Crexi
Added: Apr 12, 2024 Updated: Jul 6 at 8:28AM Checked: Jul 22 at 11:30AM
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 Spire Commercial Real Estate
Investment Insights
Based on property information with market context.
The Regan Building, located at 3161 E. Palmer-Wasilla Highway in Alaska, is available for sale. This 13,800 square foot building is situated on a 68,448 square foot lot. The property benefits from its location on the busy Palmer-Wasilla thoroughfare, providing easy access to both Palmer and Wasilla. The building features a roster of tenants, with approximately 5,500 square feet available. The property is suitable for an owner-occupant or an investor. The property is located outside Wasilla city limits.
Key Highlights
- Large 13,800sf building on a 68,448sf lot.
- Located on the busy Palmer‑Wasilla Highway, offering easy access to both communities.
- ~5,500sf available for owner‑occupancy.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $193.8k | $14.04 |
| − Vacancy | −$13.6k | −$0.98 |
| EGI | $180.2k | $13.06 |
| − OpEx | −$67.6k | −$4.90 |
| NOI | $112.6k | $8.16 |
13,800 SF · lease $14.04/SF/yr · vacancy 7.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$1.61M
$1.41M – $1.88M
NOI $112,618 @ 7.0% cap · market cap 4.79%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$102.02M
$89.27M – $119.02M
NOI $7,141,488 @ 7.0% cap · market cap 303.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mixed-use properties
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - 13,800 SF mixed-use building on Palmer-Wasilla Highway for sale.
Where is this mixed-use property located?
The property is located at 3161 E Palmer-Wasilla Hwy Wasilla, AK.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: Large 13,800sf building on a 68,448sf lot.; Located on the busy Palmer‑Wasilla Highway, offering easy access to both communities.; ~5,500sf available for owner‑occupancy.
