Fenced Automotive Shop
For Sale
$750,000
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
Price / SF$187.50
Days on Market11
Property Features for 7700 E Palmer Wasilla Hwy
General Information
Standard status
Active
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: Sep 21
Last Checked: Sep 21 at 6:57AM
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
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 = 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
$48,283
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
6.44%
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%
$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
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
$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 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%
$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.
Property Analytics
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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
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Market
Vacancy Rate% for Retail in West region
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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
