Mixed-Use Property with Auto
5550 W Limberlost Avenue, Wasilla, AK 99623
For Sale
New
$599,900
The property combines automotive service space, attached living quarters, a home, a cabin, and storage outbuildings.
Property Size3,234 SF
Price / SF$185.50
Days on Market2
Property Features for 5550 W Limberlost Avenue
General Information
Standard status
Size
Zoning
Automotive
Service Bays
Automotive Uses
Additional Details
Real Estate Included
Amenities
2.38
20
Tax Authority
3234
Building Details
Building Size
Year Built
Listing Agency:
Real Broker - MLSAK.com
(907) 312-2438
Listed By:
Justin Howington
Source:
Svrealtyak
Added: Nov 10
Last Checked: Nov 10 at 2:17PM
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 - MLSAK.com
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Investment Insights
Based on property information with market context.
This five-lot mixed-use property includes an 1,800-square-foot auto shop with two bay doors and two lifts. Attached living quarters provide 1,088 square feet across three rooms, and two additional shop or shed buildings offer storage space. The front home, built in 2008, has 1,040 finished square feet downstairs and a 1,040-square-foot unfinished upper level.
A separate lot contains a 1,106-square-foot, three-bedroom cabin. The property also includes the home and shop with attached quarters, creating a combination of automotive, residential, and storage improvements across the lots.
A separate lot contains a 1,106-square-foot, three-bedroom cabin. The property also includes the home and shop with attached quarters, creating a combination of automotive, residential, and storage improvements across the lots.
Key Highlights
- 1,800‑square‑foot auto shop with two bay doors and two lifts
- Attached three‑room living quarters totaling 1,088 square feet
- Front home built in 2008, with 1,040 finished downstairs square feet and a 1,040‑square‑foot unfinished upper level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,056
Cap Rate
7.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$901,120
$901.1K
Cap Rate 7%
$643,657
$643.7K
Cap Rate 9%
$500,622
$500.6K
Market Conditions
NOI Build-Up for 3,234 SF
Gross rent
$77.6K $24.00/SF
− Vacancy
−$17.5K −$5.42/SF
EGI
$60.1K $18.58/SF
− OpEx
−$15.0K −$4.64/SF
NOI
$45.1K $13.93/SF
Area
Matanuska-Susitna County, AK
Vacancy
22.60%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$901,120
Cap Rate 7%
$643,657
Cap Rate 9%
$500,622
Alternative Uses
Best Use
Office B
$643.7K
$563.2K – $750.9K
NOI $45,056 @ 7.0% cap · market cap 7.51%
Second Best
Retail
$557.7K
$488.0K – $650.6K
NOI $39,037 @ 7.0% cap · market cap 6.51%
Theoretical Best
Office A
$891.5K
$780.0K – $1.04M
NOI $62,403 @ 7.0% cap · market cap 10.40%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Service bays
Location Intelligence
Demographics for 99623, AK
23,878
Population
9,084
Households
2.6
Avg Household Size
34
Median Age
17%
College-Educated
92%
High-School Grad
258.5 sq mi
ZIP Area
92
Density / Sq Mi
$87,606
Median Household Income
$49,110
Median Earnings
$1,558
Median Rent
$294,800
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines automotive service space, attached living quarters, a home, a cabin, and storage outbuildings.
Where is this mixed-use property located?
The property is located at 5550 W Limberlost Avenue Wasilla, AK.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: 1,800‑square‑foot auto shop with two bay doors and two lifts; Attached three‑room living quarters totaling 1,088 square feet; Front home built in 2008, with 1,040 finished downstairs square feet and a 1,040‑square‑foot unfinished upper level
