Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Vacant Land Parcels For Sale Title is generated by Realmo AI

    1614 S Clapp, Wasilla, AK 99654

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Three industrial land parcels available in Wasilla's South Clapp Park.

    Type:Land
    Added:
    Feb 29, 2024
    Days on Market:
    826
    Last Refresh:
    May 12 at 9:37 pm

    Property Features for 1614 S Clapp

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Marc Dunne CCIM SIOR

    Listing agent Marc Dunne CCIM SIOR License #AK RECA13791

    Listing office Jack White Commercial

    Listing date Feb 29, 2024

    Source Crexi

    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

    HighLights

    • Located adjacent to Wasilla Airport
    • Three‑phase electric service available
    • Excellent soils
    • Paved entrances
    • Located in South Clapp Industrial Park
    • Tracts can be purchased individually

    Overview

    Three vacant land parcels are available for purchase in the South Clapp Industrial Park, situated adjacent to the Wasilla Airport and just past the Curtis Menard Sports Complex. These tracts can be purchased individually. The properties are equipped with three-phase electric service, excellent soils, and paved entrances. Tract B encompasses 601,999 square feet. Tract C encompasses 149,411 square feet. Tract D encompasses 151,589 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Industrial land

    Map

    City
    Wasilla
    County
    Matanuska-Susitna
    State
    Alaska
    Longitude
    -149.542084
    Latitude
    61.554781

    Nearby Similar for Sale

    • $740,000
      4,200 SF

      Four-Unit Residential Income Property

      Well-maintained 4-plex with four two-bedroom units, each featuring an in-unit washer and dryer.
      8032 W Donna Marie Lane, Wasilla, AK 99623
      View Details
    • $649,000
      4,443 SF

      Spacious Bluff Home with Views

      4,400 SF home on nearly 1 acre with views.
      8016 W Mustafa Circle, Wasilla, AK 99623
      View Details
    • $259,000
      1,632 SF

      Wasilla Duplex with Renovation Potential

      Investment opportunity: duplex in Wasilla with renovation potential.
      6590 W Yeomen Drive, Wasilla, AK 99623
      View Details
    • $689,000
      3,440 SF

      Wasilla Duplex in Azalea Hills

      New construction duplex in Wasilla's Azalea Hills Subdivision.
      1785 N Lana Circle, Wasilla, AK 99654
      View Details
    • $179,900

      Wasilla Land For Sale

      0.66 acre commercial land with high visibility and utilities.
      1190 S Check Street, Wasilla, AK 99654
      View Details
    • $475,000

      Finger Lake Waterfront Acreage

      1.24 acre lot with 141ft Finger Lake frontage.
      1927 N Lakeridge Circle, Wasilla, AK 99654
      View Details
    • $165,000

      Wasilla Land with Creek

      10-acre parcel featuring O'Brien Creek and natural wetland.
      7927 W Hentila Street, Wasilla, AK 99623
      View Details
    • $690,000

      Prime Commercial Land in Wasilla

      2.28 acres of commercially zoned land in Wasilla, Alaska.
      510 E Bogard Rd, Wasilla, AK 99654
      View Details
    • $700,000
      3,046 SF

      Wasilla Multifamily Property For Sale

      Multifamily property in Wasilla, Alaska, featuring over 3,000 square feet.
      1780 N Lana Circle, Wasilla, AK 99654
      View Details
    • $255,000
      1,178 SF

      Wasilla Airport Hangar Condo

      Insulated and heated hangar condo with direct taxi access.
      3-4170 W Aviation Ave, Wasilla, AK
      View Details
    • $235,000

      Commercial Lot Near Parks Highway

      1.02 acre commercial lot with excellent highway exposure.
      3367 W Coghlan Cir, Wasilla, AK
      View Details
    • $1,790,000

      35.24 Acres Waterfront Land

      35.24 acres of waterfront land with 650ft shoreline.
      4620 E Hart Lake Loop, Wasilla, AK 99654
      View Details

    FAQs

    What type of property is this?
    Industrial land - Three industrial land parcels available in Wasilla's South Clapp Park.
    Where is this industrial land located?
    The property is located at 1614 S Clapp Wasilla, AK.
    What are key features of this property?
    This property features: Located adjacent to Wasilla Airport; Three‑phase electric service available; Excellent soils
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Marc Dunne CCIM SIOR
    Real Estate License ID: AK RECA13791
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1614 S Clapp, Wasilla, AK 99654
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!