Fenced Automotive Shop
For Sale
$750,000
Pending
7700 E Palmer Wasilla Hwy, Palmer, AK 99645
Established automotive facility with multiple work areas, equipment, secured access, and additional yard space for future improvements.
Property Size4,000 SF
Lot Size1.26 Acres
Days on Market56
Property Features for 7700 E Palmer Wasilla Hwy
General Information
Standard status
Pending
Size
4,000 SF
Lot size
1.26 Acres
Additional Details
Fenced Yard
Yes
Service Bays
2
Taxes and HOA fees
Annual Taxes
$3,485
Amenities
electric entry gate
excellent signage
connexes
Building Details
Buildings
1
Listing Agency:
Tanner Group Premier Real Estate
Listed By:
Jesse Tanner · License #16244
(907) 232-8607
Source:
Exprealty
Added: Sep 12
Changed: Oct 25
Last Checked: Nov 4 at 3:04PM
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 Tanner Group Premier Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This automotive property at 7700 E Palmer Wasilla Hwy in Palmer, Alaska, occupies 1.26 acres and includes a 4,000-square-foot building with two shop bays. The primary bay has a 12x10 overhead door, two lifts, and room for additional vehicle work. A second workspace includes a 10x10 overhead door, a new overhead gas heater, and a waste oil burner. The building also provides a reception office and parts room.
The fully fenced site is accessed through an automatic electric entry gate and includes two connexes, a tire machine, and a compressor. More than 50% of the roof was recently replaced, and Phase 1 has been completed. Rear yard area provides space for a potential second building or construction laydown yard. The business, Rogers Garage, may also be available, with the primary value assigned to the real estate.
The fully fenced site is accessed through an automatic electric entry gate and includes two connexes, a tire machine, and a compressor. More than 50% of the roof was recently replaced, and Phase 1 has been completed. Rear yard area provides space for a potential second building or construction laydown yard. The business, Rogers Garage, may also be available, with the primary value assigned to the real estate.
Key Highlights
- 1.26‑acre automotive property with a 4,000 sq ft building
- Two shop bays, including a 12x10 overhead door and a 10x10 overhead door
- Primary shop bay includes two lifts and additional vehicle work area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,283
Cap Rate
6.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$965,660
$965.7K
Cap Rate 7%
$689,757
$689.8K
Cap Rate 9%
$536,478
$536.5K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$72.0K $18.00/SF
− Vacancy
−$3.0K −$0.76/SF
EGI
$69.0K $17.24/SF
− OpEx
−$20.7K −$5.17/SF
NOI
$48.3K $12.07/SF
Area
Matanuska-Susitna County, AK
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$965,660
Cap Rate 7%
$689,757
Cap Rate 9%
$536,478
Alternative Uses
Best Use
Retail
$689.8K
$603.5K – $804.7K
NOI $48,283 @ 7.0% cap · market cap 6.44%
Second Best
Industrial
$342.0K
$299.3K – $399.0K
NOI $23,940 @ 7.0% cap · market cap 3.19%
Theoretical Best
Multifamily LT 5
$29.57M
$25.87M – $34.50M
NOI $2,069,997 @ 7.0% cap · market cap 276.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
2
Service bays
Yes
Fenced yard
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
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Auto shop - Established automotive facility with multiple work areas, equipment, secured access, and additional yard space for future improvements.
Where is this auto shop located?
The property is located at 7700 E Palmer Wasilla Hwy Palmer, AK.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 1.26‑acre automotive property with a 4,000 sq ft building; Two shop bays, including a 12x10 overhead door and a 10x10 overhead door; Primary shop bay includes two lifts and additional vehicle work area
