371 Old Steese N Hwy Fairbanks, AK 99712-1624
This exceptional commercial property, located at 371 N Old Steese Highway in Fairbanks, Alaska, presents a unique investment opportunity. The 2,566 square foot building sits on a generous 4.27-acre lot, offering significant storage yard space alongside the main structure. The building itself comprises multiple areas, including an office, an apartment (suitable for additional office space or residential use), and a sizable warehouse/shop. This versatile layout allows for a variety of commercial uses, catering to businesses requiring both office and storage capabilities. While the property requires some attention and deferred maintenance, this presents a chance for a savvy investor to add value through renovations and improvements. The asking price reflects the need for some work, making this a potentially lucrative opportunity for someone willing to invest time and effort. The substantial land area provides ample room for expansion or future development, adding to the property's long-term potential. This is an excellent chance to acquire a sizable commercial property in Fairbanks at a competitive price. The combination of building space, expansive land, and strategic location makes this a compelling investment prospect. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.