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    0000 Driftwood Way Unalaska, AK 99692

    • Apartment buildings
    • 16,764 SF
    • 1.25 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 0000 Driftwood Way

    Year built
    1991
    Lot size
    1.25 lot acres
    Property size
    16,764 SF
    Property type
    Apartment buildings

    Description

    This exceptional 16,764 square foot apartment building, located at 0000 Driftwood Way, Unalaska, AK 99692, presents a lucrative investment opportunity. Built in 1991, this multifamily property sits on a generous 1.25-acre lot and offers significant potential. The asking price is $2,450,000. The property's zoning is currently unclassified (UNK). This package deal includes two properties, offering substantial savings. The building's substantial square footage, combined with the available 16,764 square feet of air rights, suggests significant expansion or redevelopment possibilities. Situated in Unalaska, Alaska, within the Aleutians West Census Area, this property benefits from a strategic location. Further investigation into the permitted uses and potential for development is encouraged. This is a rare opportunity to acquire a significant multifamily asset in a desirable location. The property's age and size provide a solid foundation for a strong return on investment. Serious inquiries are welcome.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Unalaska
    County
    Aleutians West Census Area
    State
    Alaska
    Longitude
    -166.541
    Latitude
    53.8915

    Comparable in this City

    • Value Estimation by Request
      8,512 SF

      17/19 Driftwood Way

      Multifamily properties • 8,512 SF
      17/19 Driftwood Way, Unalaska, AK 99692
      View Details
    • Value Estimation by Request
      25,285 SF

      179 Gilman Way

      Distribution properties • 25,285 SF
      179 Gilman Way, Unalaska, AK 99692
      View Details
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    0000 Driftwood Way
    Unalaska, AK 99692
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    Realmo Value Estimation

    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.

    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.

    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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