Fenced Lot with Warehouse
491 N Lucille St Wasilla, AK 99654
New
491 N Lucille St, Wasilla, AK, 99654
$800,000
For Sale
$800,000
Warehouse on nearly two fenced acres, featuring an existing 5,200+ sq ft warehouse for flexible commercial use.
Property Size5,200 SF
Lot Size2.00 Acres
Price / SF$153.85
Days on Market6
Property Features for 491 N Lucille St
General Information
- Standard status
- Active
- Size
- 5,200 SF
- Lot size
- 2.00 Acres
Listing agency
Elite Real Estate Group The Crozier Team Branch Office
(907) 376-7649
Listed by
Kevin Crozier
(907) 376-7649
Source
Exprealty
Added: Jul 17 Updated: Jul 22 at 10:21AM Checked: Jul 22 at 10:21AM
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
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
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.8k | $9.96 |
| − Vacancy | −$2.1k | −$0.40 |
| EGI | $49.7k | $9.56 |
| − OpEx | −$7.5k | −$1.43 |
| NOI | $42.3k | $8.13 |
5,200 SF · lease $9.96/SF/yr · vacancy 4.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$603.7K
$528.3K – $704.4K
NOI $42,262 @ 7.0% cap · market cap 5.28%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$38.44M
$33.64M – $44.85M
NOI $2,690,995 @ 7.0% cap · market cap 336.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Warehouses
Similar For Sale Nearby
FAQs
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
