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Property profile & analytics
OFF-MARKET
Commercial real estate

371 Old Steese N Hwy Fairbanks, AK 99712-1624

2,494 SF 4.27 ac lot Built 1982
Entity Owned 22-yr Hold Absentee Owner Free & Clear
Property ID
US02-0335260
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1982
Construction WOOD
Total area 2,494 SF
Lot 4.27 ac (186,001 SF)
APN 200034
UPID US02-0335260
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
NEESER CONSTRUCTION INC
NEESER CONSTRUCTION INC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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