Medical Condominium in Meridian Medical
For Sale
$305,000
3719 E Meridian Loop, Wasilla, AK 99654
COMMERCIAL - Wasilla, AK
Property Size1,134 SF
Lot Size0.03 Acres
Price / SF$268.96
Days on Market56
Property Features for 3719 E Meridian Loop
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
UNZ - Not Zoned-all MSB b
Directions
North on Seward Meridian, east on Meridian Loop, building on north side of street.
Subdivision
1D - Matanuska Susitna Borough
Standard status
Active
APN
9022000U00C
Size
1,134 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Description
Meridian Medical Ph 3 #C
Legal Description
Meridian Medical Ph 3 #C
Utilities
Sewer type
Septic Tank
Heating system
Radiant Floor, Natural Gas, Radiant
Water source
Well
Building Details
Year built
2003
Floors in Building
1
Building materials
Concrete
Listing Agency:
Berkshire Hathaway HomeServices Alaska Realty
(907) 646-3600
Listed By:
J. Michael James · License #15758
(907) 646-3652
Added: Jun 12
Changed: Aug 4
Last Checked: Aug 6 at 3:06PM
MLS# 26-7442
Copyright © 2026 Alaska Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Medical condominium available for sale within the Meridian Medical center. The space is well maintained and is currently occupied by the Wasilla Sleep Center, offering a small, efficient footprint for healthcare use within the medical center environment. The listing also indicates the unit is available for lease.
The property includes a 1,134 SF unit on a 0.03-acre lot. Construction is concrete and the facility is heated with radiant floor systems supplied by natural gas. Water is provided by a well, and sewer is via a septic tank. Zoning is listed as UNZ - Not Zoned-all MSB b.
The property includes a 1,134 SF unit on a 0.03-acre lot. Construction is concrete and the facility is heated with radiant floor systems supplied by natural gas. Water is provided by a well, and sewer is via a septic tank. Zoning is listed as UNZ - Not Zoned-all MSB b.
Key Highlights
- Currently occupied by Wasilla Sleep Center
- Medical condominium within the Meridian Medical center
- 1,134 SF unit on a 0.03‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,534
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$330,680
$330.7K
Cap Rate 7%
$236,200
$236.2K
Cap Rate 9%
$183,711
$183.7K
Market Conditions
NOI Build-Up for 1,134 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$30.6K $27.00/SF
− Vacancy
−$3.1K −$2.70/SF
EGI
$27.6K $24.30/SF
− OpEx
−$11.0K −$9.72/SF
NOI
$16.5K $14.58/SF
Area
Matanuska-Susitna County, AK
Vacancy
10.00%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$330,680
Cap Rate 7%
$236,200
Cap Rate 9%
$183,711
Alternative Uses
Best Use
Healthcare Medical
$236.2K
$206.7K – $275.6K
NOI $16,534 @ 7.0% cap · market cap 5.42%
Second Best
Office B
$225.7K
$197.5K – $263.3K
NOI $15,799 @ 7.0% cap · market cap 5.18%
Theoretical Best
Multifamily LT 5
$8.38M
$7.34M – $9.78M
NOI $586,844 @ 7.0% cap · market cap 192.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Small medical condo unit within Meridian Medical Center, currently occupied; radiant floor natural gas heat, built 2003.
Where is this medical office space located?
The property is located at 3719 E Meridian Loop Wasilla, AK.
What is the asking price?
The asking price for this property is $305,000.
What are key features of this property?
This property features: Currently occupied by Wasilla Sleep Center; Medical condominium within the Meridian Medical center; 1,134 SF unit on a 0.03‑acre lot
