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    696 DAHL LANE Fairbanks, AK 99712

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    Claim this Listing
    New
    For Sale
    $230,000

    Multi-purpose - Fairbanks, AK

    Property size:
    1,498 SF
    Lot size:
    1.74 Acres
    Price / SF:
    $153/SF
    Added:
    Apr 28, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 29 at 1:06 pm

    Property Features for 696 DAHL LANE

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    General Use District - 1
    Parking
    55
    Standard status
    Active
    Size
    1,498 SF
    Lot size
    1.74 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2065.56

    Utilities

    Heating system
    Baseboard, Hot Water (Heating)

    Building Details

    Year built
    1995
    Building materials
    Frame
    Architectural style
    Other

    We can help!

    Listing Contact
    Nic Williams

    Listing agent Nic Williams License #148585

    Listing office THE REAL ESTATE COLLECTIVE 713 3rd Ave, Fairbanks, AK

    Listing date Apr 28, 2026

    MLS# 159906 Listing URL

    Copyright © 2026 Greater Fairbanks Board-Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Property with Kitchen Setup

    Located on Chena Hot Springs Road in Fairbanks, AK, this commercial property at 696 Dahl Lane offers road frontage, high visibility, and parking on a 1.74-acre lot. The 1,498 square foot property, constructed in 1995, is zoned General Use District 1, providing flexibility for various business ventures. The property is configured as a one-bedroom, one-bathroom commercial space, previously designed for food service. It features a commercial-approved kitchen, a front foyer entry, an open-concept dining or service area, a serving counter, existing equipment, and a drive-through window. Approximately half of the building is dedicated to the commercial kitchen, offering substantial prep and production space. While refrigeration is not currently installed, the infrastructure for a food-service operation is present. The site includes a large parking area and direct access from Chena Hot Springs Road. The layout is suited for a restaurant, coffee shop, bakery, or other business venture. The property has been inspected. It offers potential for an owner-user, investor, or entrepreneur.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Larae's Breads, Pies ... Restaurant

    Map

    City
    Fairbanks
    County
    Yukon-Koyukuk
    State
    Alaska
    Longitude
    -147.2907004
    Latitude
    64.8900029

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    FAQs

    What type of property is this?
    Restaurant - Commercial property with road frontage, parking, and flexible zoning.
    Where is this restaurant located?
    The property is located at 696 DAHL LANE Fairbanks, AK.
    What is the asking price?
    The asking price for this property is $230,000.
    What are key features of this property?
    This property features: High visibility location on Chena Hot Springs Road with excellent road frontage and ample parking on 1.73 acres.; Existing commercial‑approved kitchen and food‑service layout (previously designed for food service) including a drive‑through window.; Flexible General Use District 1 zoning allows for a variety of potential business uses.
    (907) 799-6181
    We can help!
    Listing Contact
    Nic Williams
    Real Estate License ID: 148585
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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