Live-Work Property with
New
For Sale
$499,000
5960 W Hollywood Rd, Wasilla, AK 99623
Separate-entry bonus suite supports office, studio, rental, or additional living use.
Property Size3,360 SF
Price / SF$148.51
Days on Market3
Property Features for 5960 W Hollywood Rd
General Information
Standard status
Active
Size
3,360 SF
Additional Details
Clear Height
16 ft
Listing Agency:
Keller Williams Realty Alaska Group of Wasilla
(907) 864-6500
Listed By:
Sarah M Langford
Source:
Kristancole
Added: Aug 28
Changed: Aug 29
Last Checked: Aug 29 at 10:10PM
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 Keller Williams Realty Alaska Group of Wasilla
Investment Insights
Based on property information with market context.
This live-work property at 5960 W Hollywood Rd in Wasilla combines residential space with dedicated areas for business and storage. The living area is nearly 2,000 sq. ft., complemented by a 1,200 sq. ft. bonus suite with its own entrance. The suite can accommodate office, studio, rental, or MIL use based on the stated configuration.
A 1,456 sq. ft. garage and shop provides substantial enclosed workspace, storage, and hobby area, with 16-ft ceilings for added vertical clearance. The combination of living quarters, a separately accessed suite, and a large shop creates a single property with multiple functional components.
A 1,456 sq. ft. garage and shop provides substantial enclosed workspace, storage, and hobby area, with 16-ft ceilings for added vertical clearance. The combination of living quarters, a separately accessed suite, and a large shop creates a single property with multiple functional components.
Key Highlights
- Living area measures nearly 2,000 sq. ft.
- 1,200 sq. ft. bonus suite with private entrance
- Bonus suite supports office, MIL, rental, or studio use
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
$37,346
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
7.48%
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%
$746,920
$746.9K
Cap Rate 7%
$533,514
$533.5K
Cap Rate 9%
$414,956
$415.0K
Market Conditions
NOI Build-Up for 3,360 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
$60.5K $18.00/SF
− Vacancy
−$3.0K −$0.90/SF
EGI
$57.5K $17.10/SF
− OpEx
−$20.1K −$5.98/SF
NOI
$37.3K $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%
$746,920
Cap Rate 7%
$533,514
Cap Rate 9%
$414,956
Alternative Uses
Best Use
Office B
$668.7K
$585.2K – $780.2K
NOI $46,812 @ 7.0% cap · market cap 9.38%
Second Best
Flex RnD
$533.5K
$466.8K – $622.4K
NOI $37,346 @ 7.0% cap · market cap 7.48%
Theoretical Best
Multifamily LT 5
$24.84M
$21.73M – $28.98M
NOI $1,738,797 @ 7.0% cap · market cap 348.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Live-work space - Separate-entry bonus suite supports office, studio, rental, or additional living use.
Where is this live-work space located?
The property is located at 5960 W Hollywood Rd Wasilla, AK.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Living area measures nearly 2,000 sq. ft.; 1,200 sq. ft. bonus suite with private entrance; Bonus suite supports office, MIL, rental, or studio use
