Fenced Lot with Warehouse
For Sale
$800,000
491 N Lucille St, Wasilla, AK 99654
Warehouse on nearly two fenced acres, featuring an existing 5,200+ sq ft warehouse for flexible commercial use.
Property Size5,214 SF
Lot Size2.00 Acres
Price / SF$153.43
Days on Market103
Property Features for 491 N Lucille St
General Information
Standard status
Active
Size
5,214 SF
Lot size
2.00 Acres
Property subtype
Commercial
Additional Details
Fenced Yard
Yes
Building Details
Year Built
1973
Listing Agency:
Elite Real Estate Group The Crozier Team Branch Office
Listed By:
Kevin Crozier
(907) 376-7649
Source:
Seehomesinalaska
Added: Jul 12
Changed: Oct 1
Last Checked: Oct 20 at 9:59PM
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 The Crozier Team Branch Office
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Investment Insights
Based on property information with market context.
This property consists of nearly two fenced acres with an existing 5,200+ sq ft warehouse building, providing a developed site for a range of commercial uses. The fenced acreage supports off-site operations and storage needs tied to the parcel.
The property is located at 491 N Lucille St in Wasilla, AK, and is described as a highly visible, central location with excellent accessibility.
The combination of a warehouse footprint and fenced outdoor area makes the site well-suited for businesses seeking an established indoor space together with perimeter-controlled yard area on the same property.
The property is located at 491 N Lucille St in Wasilla, AK, and is described as a highly visible, central location with excellent accessibility.
The combination of a warehouse footprint and fenced outdoor area makes the site well-suited for businesses seeking an established indoor space together with perimeter-controlled yard area on the same property.
Key Highlights
- Nearly 2 fenced acres with an existing 5,200+ sq ft warehouse
- Warehouse space offers flexible options for commercial use
- Property is described as centrally located with high visibility and convenient access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,376
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$847,520
$847.5K
Cap Rate 7%
$605,371
$605.4K
Cap Rate 9%
$470,844
$470.8K
Market Conditions
NOI Build-Up for 5,214 SF
Gross rent
$51.9K $9.96/SF
− Vacancy
−$2.1K −$0.40/SF
EGI
$49.9K $9.56/SF
− OpEx
−$7.5K −$1.43/SF
NOI
$42.4K $8.13/SF
Area
Matanuska-Susitna County, AK
Vacancy
4.00%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$847,520
Cap Rate 7%
$605,371
Cap Rate 9%
$470,844
Alternative Uses
Best Use
Warehouse
$605.4K
$529.7K – $706.3K
NOI $42,376 @ 7.0% cap · market cap 5.30%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$38.55M
$33.73M – $44.97M
NOI $2,698,240 @ 7.0% cap · market cap 337.28%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
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Current Use
Lease Details
Yes
Fenced yard
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?
Warehouse - Warehouse on nearly two fenced acres, featuring an existing 5,200+ sq ft warehouse for flexible commercial use.
Where is this warehouse located?
The property is located at 491 N Lucille St Wasilla, AK.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Nearly 2 fenced acres with an existing 5,200+ sq ft warehouse; Warehouse space offers flexible options for commercial use; Property is described as centrally located with high visibility and convenient access
