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    Address No St Wasilla, AK 99623

    • Land
    • 50.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for Address No St

    Lot size
    50.00 lot acres
    Property type
    Land

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wasilla
    County
    Matanuska-Susitna
    State
    Alaska
    Longitude
    -150.878
    Latitude
    61.9038

    Comparable in this City

    • Value Estimation by Request
      23.50 Acres

      7570 Parks Hwy

      Land • 23.50 Acres
      7570 Parks Hwy, Wasilla, AK 99623
      View Details
    • Value Estimation
      $285,000
      4.04 Acres

      3548 Big Lk Rd

      MOBILE HOME PARK, TRAILER PARK • 4.04 Acres
      3548 Big Lk Rd, Wasilla, AK 99623-4878
      View Details
    • Value Estimation
      $280,000
      5,200 SF

      790 Dandelion Cir

      BOARDING/ROOMING HOUSE • 5,200 SF
      790 Dandelion Cir, Wasilla, AK 99623
      View Details
    • Value Estimation
      $265,000
      2,020 SF

      17242 Park Hwy

      MOBILE HOME PARK, TRAILER PARK • 2,020 SF
      17242 Park Hwy, Wasilla, AK 99623
      View Details
    • Value Estimation
      $190,000
      36.11 Acres

      19780 Cp Dr

      CAMPGROUND, RV PARK • 36.11 Acres
      19780 Cp Dr, Wasilla, AK 99623
      View Details
    • Value Estimation
      $245,000
      2.57 Acres

      11975 Mid Vly Way

      CAMPGROUND, RV PARK • 2.57 Acres
      11975 Mid Vly Way, Wasilla, AK 99623-0772
      View Details

    Similar Nearby for Sale

    • $4,600,000
      23.50 Acres

      Wasilla Commercial Land - 23.5 Acres

      Prime Commercial Land, High Traffic Area, $4.6M
      7570 Parks Hwy, Wasilla, AK 99623
      View Details
    • $775,000
      18.05 Acres

      Unzoned Land on KGB Road

      18+ acres of unzoned land outside Wasilla city limits.
      2450 S Knik Goose Bay Rd, Wasilla, AK 99623
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    • $350,000
      Pending

      Wasilla Land with Mature Birch

      20-acre land parcel featuring mature birch trees in Wasilla, AK.
      8947 W Cormorant Way, Wasilla, AK 99623
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    • $90,000
      2.18 Acres

      Wasilla Land with Acreage

      Two adjacent lots totaling over 2 acres in Wasilla.
      4101 N El Taino Dr, Wasilla, AK 99623
      View Details
    • $1,495,000
      32.00 Acres

      32 Acres Commercial Land, Wasilla

      32-acre commercial land with high growth potential in Wasilla, AK.
      7444 W Carmel Rd, Wasilla, AK 99623
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    • New
      $89,500
      5.00 Acres

      Houston, AK Land For Sale

      Level 5-acre lot near Parks Hwy with agricultural zoning.
      342 S Kenlar Rd, Houston, AK 99623
      View Details
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    Address No St
    Wasilla, AK 99623
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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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