Garage Condo Flex
For Sale
Contact for pricing
6155 E Mountain Heather Wy, Wasilla, AK 99654
Secure gated access supports storage, business operations, and personal use.
Property Size1,000 SF
Price / SF$299
Days on Market49
Property Features for 6155 E Mountain Heather Wy
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Mixed Use
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Amenities
24/7 secure gated access
on-site dump station
Listing Agency:
Signature Real Estate Alaska
Listed By:
Jeremiah Benson · License #AK 140259
(907) 631-3033
Source:
Crexi
Added: Sep 2
Changed: Oct 16
Last Checked: Oct 19 at 6:47AM
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 Signature Real Estate Alaska
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex space garage condo provides a versatile setting for storing business supplies, equipment, classic cars, boats, RVs, and seasonal items. The unit measures 20' x 50' and includes a 12' x 14' door, plus a bathroom and sink for on-site convenience. The space can also accommodate business activity or personal recreation.
Located on the Palmer-Wasilla Hwy near Hyer Road, the property offers 24/7 access through a secure gated entry. The development includes a paved parking lot and an on-site dump station, adding practical support for a range of storage and workspace needs.
Located on the Palmer-Wasilla Hwy near Hyer Road, the property offers 24/7 access through a secure gated entry. The development includes a paved parking lot and an on-site dump station, adding practical support for a range of storage and workspace needs.
Key Highlights
- 20' x 50' unit with 12' x 14' door
- 24/7 secure gated access
- Bathroom and sink included in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,115
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$222,300
$222.3K
Cap Rate 7%
$158,786
$158.8K
Cap Rate 9%
$123,500
$123.5K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$18.0K $18.00/SF
− Vacancy
−$900 −$0.90/SF
EGI
$17.1K $17.10/SF
− OpEx
−$6.0K −$5.98/SF
NOI
$11.1K $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 Rate 5%
$222,300
Cap Rate 7%
$158,786
Cap Rate 9%
$123,500
Alternative Uses
Best Use
Flex RnD
$158.8K
$138.9K – $185.3K
NOI $11,115 @ 7.0% cap · market cap 3.72%
Second Best
Warehouse
$116.1K
$101.6K – $135.5K
NOI $8,127 @ 7.0% cap · market cap 2.72%
Theoretical Best
Multifamily LT 5
$7.39M
$6.47M – $8.62M
NOI $517,499 @ 7.0% cap · market cap 173.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
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 Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Secure gated access supports storage, business operations, and personal use.
Where is this flex space located?
The property is located at 6155 E Mountain Heather Wy Wasilla, AK.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 20' x 50' unit with 12' x 14' door; 24/7 secure gated access; Bathroom and sink included in each unit
