Mixed-Use Building with
3253 W Coghlan Circle, Wasilla, AK 99654
For Sale
New
$1,995,000
Two apartments are arranged above shop, warehouse, and office space within the same property.
Property Size13,700 SF
Price / SF$145.62
Days on Market1
Property Features for 3253 W Coghlan Circle
General Information
Standard status
Size
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Additional Details
Property Use
Amenities
2
6
Level
40075.2
26
0.92
Tax Authority
Heated Garage,Tuck Under
Paved
Concrete Perimeter
13700
1
Building Details
Building Size
Year Built
Buildings
Listing Agency:
RMG Real Estate
(907) 312-2438
Listed By:
Justin Howington
Source:
Svrealtyak
Added: Nov 9
Last Checked: Nov 9 at 2:00PM
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 RMG Real Estate
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Investment Insights
Based on property information with market context.
Built in 2017, this 13,700-square-foot mixed-use building combines commercial space with two upstairs apartments. Each apartment has three bedrooms and two full bathrooms. The main level includes a shop, an adjoining warehouse, and office and conference-room space.
At 3253 W Coghlan Circle in Wasilla, the property has mountain views and access to nearby Jacobsen Lake. The building brings residential units and several types of commercial space together under one roof.
At 3253 W Coghlan Circle in Wasilla, the property has mountain views and access to nearby Jacobsen Lake. The building brings residential units and several types of commercial space together under one roof.
Key Highlights
- 13,700‑square‑foot mixed‑use building, built in 2017
- Two apartments, each with 3 bedrooms and 2 full baths
- Main‑level shop with oversized bay doors and adjoining warehouse
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$161,150
Cap Rate
8.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,223,000
$3.2M
Cap Rate 7%
$2,302,143
$2.3M
Cap Rate 9%
$1,790,556
$1.8M
Market Conditions
NOI Build-Up for 13,700 SF
Gross rent
$309.1K $22.56/SF
− Vacancy
−$16.1K −$1.17/SF
EGI
$293.0K $21.39/SF
− OpEx
−$131.9K −$9.62/SF
NOI
$161.2K $11.76/SF
Area
Matanuska-Susitna County, AK
Vacancy
5.20%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,223,000
Cap Rate 7%
$2,302,143
Cap Rate 9%
$1,790,556
Alternative Uses
Best Use
Apartment 5plus
$2.30M
$2.01M – $2.69M
NOI $161,150 @ 7.0% cap · market cap 8.08%
Second Best
Mixed Use
$1.60M
$1.40M – $1.86M
NOI $111,802 @ 7.0% cap · market cap 5.60%
Theoretical Best
Office A
$3.78M
$3.30M – $4.41M
NOI $264,355 @ 7.0% cap · market cap 13.25%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
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 Industrial in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two apartments are arranged above shop, warehouse, and office space within the same property.
Where is this mixed-use property located?
The property is located at 3253 W Coghlan Circle Wasilla, AK.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: 13,700‑square‑foot mixed‑use building, built in 2017; Two apartments, each with 3 bedrooms and 2 full baths; Main‑level shop with oversized bay doors and adjoining warehouse
