Flex Warehouse with Drive-Up
For Sale
$1,400,000
3674 E Country Field Cir, Wasilla, AK 99645
Multi-use flex building with warehouse space, a drive-up window, and ample parking on 1.5 acres.
Property Size7,818 SF
Lot Size1.50 Acres
Price / SF$179.07
Days on Market147
Property Features for 3674 E Country Field Cir
General Information
Standard status
Active
Size
7,818 SF
Lot size
1.50 Acres
Building Details
Year Built
2004
Listing Agency:
Elite Real Estate Group
Listed By:
Jeff Goyette
(907) 232-3537
Source:
Sellingalaskaco
Added: Jun 1
Changed: Oct 2
Last Checked: Oct 7 at 4:25PM
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 Elite Real Estate Group
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Investment Insights
Based on property information with market context.
This 7,818 SF flex building on 1.5 acres is set up to support multiple business uses, with space that can be used for office, medical, or retail. The property includes warehouse space and a drive-up window, designed for customers and deliveries, along with lots of parking to support day-to-day operations.
The building is located near the intersection of P-W Highway and Seward Meridian. AKDOT added a stoplight on Seward Meridian to support easier access for vehicles entering and exiting the area.
For sale, and the property is also available for lease (see MLS#25-10021).
The building is located near the intersection of P-W Highway and Seward Meridian. AKDOT added a stoplight on Seward Meridian to support easier access for vehicles entering and exiting the area.
For sale, and the property is also available for lease (see MLS#25-10021).
Key Highlights
- Multi‑use flex building on 1.5 acres with 7,818 SF available for office, medical, or retail use
- Includes warehouse space plus a drive‑up window
- Ample on‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,920
Cap Rate
7.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,178,400
$2.2M
Cap Rate 7%
$1,556,000
$1.6M
Cap Rate 9%
$1,210,222
$1.2M
Market Conditions
NOI Build-Up for 7,818 SF
Gross rent
$187.6K $24.00/SF
− Vacancy
−$42.4K −$5.42/SF
EGI
$145.2K $18.58/SF
− OpEx
−$36.3K −$4.64/SF
NOI
$108.9K $13.93/SF
Area
Matanuska-Susitna County, AK
Vacancy
22.60%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,178,400
Cap Rate 7%
$1,556,000
Cap Rate 9%
$1,210,222
Alternative Uses
Best Use
Office B
$1.56M
$1.36M – $1.82M
NOI $108,920 @ 7.0% cap · market cap 7.78%
Second Best
Flex RnD
$1.24M
$1.09M – $1.45M
NOI $86,897 @ 7.0% cap · market cap 6.21%
Theoretical Best
Multifamily LT 5
$57.80M
$50.57M – $67.43M
NOI $4,045,808 @ 7.0% cap · market cap 288.99%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Demographics for 99645, AK
28,818
Population
12,021
Households
2.4
Avg Household Size
37
Median Age
31%
College-Educated
95%
High-School Grad
586.2 sq mi
ZIP Area
49
Density / Sq Mi
$97,069
Median Household Income
$51,710
Median Earnings
$1,309
Median Rent
$338,400
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Flex space - Multi-use flex building with warehouse space, a drive-up window, and ample parking on 1.5 acres.
Where is this flex space located?
The property is located at 3674 E Country Field Cir Wasilla, AK.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Multi‑use flex building on 1.5 acres with 7,818 SF available for office, medical, or retail use; Includes warehouse space plus a drive‑up window; Ample on‑site parking
