Restaurant with Commercial
322 N Boundary Street, Wasilla, AK 99654
For Sale
$675,000
A fenced backyard and wine cellar complement the restaurant’s equipped food-preparation space.
Property Size1,898 SF
Price / SF$355.64
Days on Market10
Property Features for 322 N Boundary Street
General Information
Standard status
Size
Property subtype
Zoning
Amenities
Fenced backyard
Wine cellar
Building Details
Building Size
Year Built
Year Renovated
Listing Agency:
Keller Williams Alaska Advisors
Listed By:
Kristan Cole
(907) 373-3575
Source:
Alaskabuiltrealestate
Added: Nov 1
Changed: Nov 7
Last Checked: Nov 9 at 8:29PM
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 Keller Williams Alaska Advisors
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,898-square-foot restaurant property includes a commercial kitchen and a wine cellar. Built in 1930 and remodeled in 1997, the building is zoned C - Commercial (re: Cities Wasilla/Houst). A fenced backyard is part of the property.
Located at 322 N Boundary Street in Wasilla, Alaska, the site is in the heart of Wasilla.
Located at 322 N Boundary Street in Wasilla, Alaska, the site is in the heart of Wasilla.
Key Highlights
- 1,898‑square‑foot restaurant property
- Commercial kitchen and wine cellar
- Built in 1930; remodeled in 1997
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,100
Cap Rate
4.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$562,000
$562.0K
Cap Rate 7%
$401,429
$401.4K
Cap Rate 9%
$312,222
$312.2K
Market Conditions
NOI Build-Up for 1,898 SF
Gross rent
$39.9K $21.00/SF
− Vacancy
−$2.4K −$1.26/SF
EGI
$37.5K $19.74/SF
− OpEx
−$9.4K −$4.94/SF
NOI
$28.1K $14.81/SF
Area
Matanuska-Susitna County, AK
Vacancy
6.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$562,000
Cap Rate 7%
$401,429
Cap Rate 9%
$312,222
Alternative Uses
Best Use
Specialty Retail
$401.4K
$351.3K – $468.3K
NOI $28,100 @ 7.0% cap · market cap 4.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$523.2K
$457.8K – $610.4K
NOI $36,624 @ 7.0% cap · market cap 5.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
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Current Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A fenced backyard and wine cellar complement the restaurant’s equipped food-preparation space.
Where is this conventional restaurant located?
The property is located at 322 N Boundary Street Wasilla, AK.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 1,898‑square‑foot restaurant property; Commercial kitchen and wine cellar; Built in 1930; remodeled in 1997
