Six-Suite Mixed-Use
5031 E Mayflower Ln # 1-6, Wasilla, AK 99654
For Sale
$750,000
Five suites are occupied, while a separate vacancy offers space for an owner-user or another tenant.
Property Size3,550 SF
Price / SF$211.27
Days on Market117
Property Features for 5031 E Mayflower Ln # 1-6
General Information
Standard status
Size
Property subtype
Additional Details
Road Access
Tenant in Place
Building Details
Year Built
Buildings
Stories
Tenancy
Listing Agency:
Real Broker Alaska
Listed By:
Joseph Miller · License AK #11361
(907) 351-4794
Source:
Viewanchoragehouses
Added: Jul 18
Changed: Nov 10
Last Checked: Aug 25 at 8:03AM
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 Real Broker Alaska
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Investment Insights
Based on property information with market context.
Built in 1985, this 3,550-square-foot, single-level mixed-use property contains six side-by-side retail and office suites. Each suite has its own exterior entrance, with access available from both the front and rear of the building. Five suites are occupied by long-term tenants; Unit #3 is vacant. On-site parking is available at the front and rear, and a new roof is noted for July 2026.
The property is on E. Palmer-Wasilla Highway in Wasilla. Its layout combines multiple separately entered commercial spaces within one building, with both occupied and vacant suites.
The property is on E. Palmer-Wasilla Highway in Wasilla. Its layout combines multiple separately entered commercial spaces within one building, with both occupied and vacant suites.
Key Highlights
- 3,550‑square‑foot, single‑level building constructed in 1985
- Six side‑by‑side retail/office suites, each with an individual exterior entrance
- Five suites occupied by long‑term tenants; Unit #3 is vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,851
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$857,020
$857.0K
Cap Rate 7%
$612,157
$612.2K
Cap Rate 9%
$476,122
$476.1K
Market Conditions
NOI Build-Up for 3,550 SF
Gross rent
$63.9K $18.00/SF
− Vacancy
−$2.7K −$0.76/SF
EGI
$61.2K $17.24/SF
− OpEx
−$18.4K −$5.17/SF
NOI
$42.9K $12.07/SF
Area
Matanuska-Susitna County, AK
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$857,020
Cap Rate 7%
$612,157
Cap Rate 9%
$476,122
Alternative Uses
Best Use
Retail
$612.2K
$535.6K – $714.2K
NOI $42,851 @ 7.0% cap · market cap 5.71%
Second Best
Mixed Use
$413.9K
$362.1K – $482.9K
NOI $28,971 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office A
$978.6K
$856.3K – $1.14M
NOI $68,501 @ 7.0% cap · market cap 9.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
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 Retail in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Five suites are occupied, while a separate vacancy offers space for an owner-user or another tenant.
Where is this mixed-use property located?
The property is located at 5031 E Mayflower Ln # 1-6 Wasilla, AK.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 3,550‑square‑foot, single‑level building constructed in 1985; Six side‑by‑side retail/office suites, each with an individual exterior entrance; Five suites occupied by long‑term tenants; Unit #3 is vacant
