Flex Property with Multiple
For Sale
$1,499,500
5717 E Fireweed Road Wasilla, Palmer, AK 99645
Mixed commercial improvements include shop, warehouse, office space, and an older two-story home.
Property Size7,400 SF
Price / SF$202.64
Days on Market60
Property Features for 5717 E Fireweed Road Wasilla
General Information
Standard status
Active
Size
7,400 SF
Zoning
UNZ
Additional Details
Highway Access
Yes
Warehouse Space
2,400 SF
Building Details
Building Size
7,400 SF
Year Built
1995
Buildings
3
Stories
1
Listing Agency:
(907) 263-9333
Listed By:
Jacob Masog
(907) 263-9333
Source:
Herringtonlifestyleandliving
Added: Jul 3
Changed: Aug 31
Last Checked: Aug 31 at 12:48PM
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 Jacob Masog
Investment Insights
Based on property information with market context.
This flex property combines multiple improvements on one commercial parcel. The primary building is a 5,000-square-foot shop with office space, complemented by a separate 2,400-square-foot shop and warehouse. An older two-story home is also located on the property. The improvements were built in 1995, and the property is identified with UNZ zoning.
Visibility from Parks Hwy provides exposure to passing traffic. The combined shop and warehouse areas total 7,400 square feet, offering a range of existing commercial spaces within the property’s current configuration.
Visibility from Parks Hwy provides exposure to passing traffic. The combined shop and warehouse areas total 7,400 square feet, offering a range of existing commercial spaces within the property’s current configuration.
Key Highlights
- 5,000‑square‑foot shop with office space
- Separate 2,400‑square‑foot shop and warehouse
- Older two‑story home included on the property
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
$82,251
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
5.49%
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%
$1,645,020
$1.6M
Cap Rate 7%
$1,175,014
$1.2M
Cap Rate 9%
$913,900
$913.9K
Market Conditions
NOI Build-Up for 7,400 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
$133.2K $18.00/SF
− Vacancy
−$6.7K −$0.90/SF
EGI
$126.5K $17.10/SF
− OpEx
−$44.3K −$5.98/SF
NOI
$82.3K $11.11/SF
Area
Matanuska-Susitna County, AK
Vacancy
5.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
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%
$1,645,020
Cap Rate 7%
$1,175,014
Cap Rate 9%
$913,900
Alternative Uses
Best Use
Flex RnD
$1.18M
$1.03M – $1.37M
NOI $82,251 @ 7.0% cap · market cap 5.49%
Second Best
Warehouse
$859.2K
$751.8K – $1.00M
NOI $60,142 @ 7.0% cap · market cap 4.01%
Theoretical Best
Multifamily LT 5
$54.71M
$47.87M – $63.82M
NOI $3,829,494 @ 7.0% cap · market cap 255.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Demographics for 99645, AK
28,818
Population
12,021
Households
2.4
Avg Household Size
37
Median Age
31%
College-Educated
95%
High-School Grad
586.2 sq mi
ZIP Area
49
Density / Sq Mi
$97,069
Median Household Income
$51,710
Median Earnings
$1,309
Median Rent
$338,400
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Mixed commercial improvements include shop, warehouse, office space, and an older two-story home.
Where is this flex space located?
The property is located at 5717 E Fireweed Road Wasilla Palmer, AK.
What is the asking price?
The asking price for this property is $1,499,500.
What are key features of this property?
This property features: 5,000‑square‑foot shop with office space; Separate 2,400‑square‑foot shop and warehouse; Older two‑story home included on the property
