Multi-Building Flex
7570 E Palmer Wasilla Hwy, Palmer, AK 99645
For Sale
$1,628,500
One building is fully leased to three tenants, while the second offers vacant space for occupancy or leasing.
Property Size10,080 SF
Lot Size1.08 Acres
Price / SF$161.56
Days on Market13
Property Features for 7570 E Palmer Wasilla Hwy
General Information
Standard status
Size
Lot size
Zoning
Site & Location
Highway Access
Road Access
Fenced Yard
Additional Details
Cap Rate
Tenant in Place
Property Use
Building Details
Buildings
Listing Agency:
Jack White Commercial
Listed By:
Andrew Ingram · License AK #17954
(907) 563-5500
Source:
Exprealty
Added: Oct 29
Changed: Nov 8
Last Checked: Nov 8 at 4:35PM
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 Jack White Commercial
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Investment Insights
Based on property information with market context.
The 10,080-SF flex property comprises two buildings on a fenced 1.08-acre parcel. Building B contains 6,080 SF across six bays and is fully occupied by three tenants: a veterinary clinic, a sewer and drain contractor, and a logistics/shop user. Building A is approximately 4,000 SF and vacant, with restrooms, showers, and an overhead door; it was previously used as a fitness center. Shop bays include a 14-foot overhead door. The reported in-place cap rate is 5.2%, with a 9.7% stabilized cap rate indicated.
At 7570 E Palmer Wasilla Hwy in Palmer, the property has 153 feet of highway frontage and signalized access at N Wagon Rd, plus a second entrance from E Buckboard Rd. The property is unzoned and served by a private well and septic system.
Improvements reported for 2023–2026 include new roofs on both buildings, siding, insulation, electrical work, gutters, paved and striped parking, and renovated units.
At 7570 E Palmer Wasilla Hwy in Palmer, the property has 153 feet of highway frontage and signalized access at N Wagon Rd, plus a second entrance from E Buckboard Rd. The property is unzoned and served by a private well and septic system.
Improvements reported for 2023–2026 include new roofs on both buildings, siding, insulation, electrical work, gutters, paved and striped parking, and renovated units.
Key Highlights
- Two buildings totaling 10,080 SF on a fenced 1.08‑acre lot
- Building B: 6,080 SF, six bays, and three tenants; reported 100% leased
- Vacant Building A is approximately 4,000 SF and includes restrooms, showers, and an overhead door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$112,039
Cap Rate
6.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,240,780
$2.2M
Cap Rate 7%
$1,600,557
$1.6M
Cap Rate 9%
$1,244,878
$1.2M
Market Conditions
NOI Build-Up for 10,080 SF
Gross rent
$181.4K $18.00/SF
− Vacancy
−$9.1K −$0.90/SF
EGI
$172.4K $17.10/SF
− OpEx
−$60.3K −$5.98/SF
NOI
$112.0K $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%
$2,240,780
Cap Rate 7%
$1,600,557
Cap Rate 9%
$1,244,878
Alternative Uses
Best Use
Flex RnD
$1.60M
$1.40M – $1.87M
NOI $112,039 @ 7.0% cap · market cap 6.88%
Second Best
Warehouse
$1.17M
$1.02M – $1.37M
NOI $81,924 @ 7.0% cap · market cap 5.03%
Theoretical Best
Office A
$2.78M
$2.43M – $3.24M
NOI $194,504 @ 7.0% cap · market cap 11.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road 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
$338,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Matanuska-Susitna County, AK
Properties on Market for Flex space in Matanuska-Susitna County
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - One building is fully leased to three tenants, while the second offers vacant space for occupancy or leasing.
Where is this flex space located?
The property is located at 7570 E Palmer Wasilla Hwy Palmer, AK.
What is the asking price?
The asking price for this property is $1,628,500.
What are key features of this property?
This property features: Two buildings totaling 10,080 SF on a fenced 1.08‑acre lot; Building B: 6,080 SF, six bays, and three tenants; reported 100% leased; Vacant Building A is approximately 4,000 SF and includes restrooms, showers, and an overhead door
