Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    135 32Nd Ave Fairbanks, AK 99701
    Back to Search
    Property profile & analytics

    135 32Nd Ave, Fairbanks, AK 99701

    View on Map
    • Warehouses
    • 3,700 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 135 32Nd Ave

    Year built
    1976
    Property type
    Warehouses
    Property subtype
    Retail properties & Spaces

    Description

    This 3,700-square-foot single-tenant property, located at 135 32nd Ave, Fairbanks, AK 99701, offers exceptional flexibility. Built in 1976 and completely renovated in 2024, this building boasts a 14-foot ceiling height and is situated on Cushman Street, in the South Cushman submarket of Fairbanks North Star Borough. The property features multiple entrances, including a shop door, and multiple bathrooms. Currently, the interior is partially divided into two distinct areas, allowing for customization to suit various business needs. The space is ideal for creative office, executive office, traditional office, manufacturing, warehouse, distribution, or R&D uses. The property includes 15 parking spaces in a newly paved lot, and all utilities are plumbed in. The building is zoned for General Commercial use (APN: 0698461). Enterprise Rent-A-Car is located at the front of the building. Significant development plans are underway to revitalize the area south of 32nd Avenue east of Cushman Street. The asking price is $3 per square foot, NNN. This is a rare opportunity to secure a fully renovated, versatile space in a rapidly developing area of Fairbanks.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fairbanks
    County
    Fairbanks North Star Borough
    State
    Alaska
    Longitude
    -147.709
    Latitude
    64.8175

    Comparable in this City

    • Value Estimation by Request
      7,200 SF

      819 1St Ave

      Medical Office Space
      819 1St Ave, Fairbanks, AK 99701
      View Details
    • Value Estimation by Request
      1.03 Acres

      Fairbanks, AK 99701

      INDUSTRIAL (GENERAL)
      Fairbanks, AK 99701
      View Details
    • Value Estimation by Request
      0.17 Acres

      1217 Bunnell St

      INDUSTRIAL (GENERAL)
      1217 Bunnell St, Fairbanks, AK 99701
      View Details
    • Value Estimation by Request
      0.99 Acres

      2165 Frank Ave

      INDUSTRIAL (GENERAL)
      2165 Frank Ave, Fairbanks, AK 99701
      View Details
    • Value Estimation by Request
      2.06 Acres

      1915 Cushman St

      INDUSTRIAL (GENERAL)
      1915 Cushman St, Fairbanks, AK 99701-6609
      View Details
    • Value Estimation by Request
      31.76 Acres

      3670 Lakeview Dr

      INDUSTRIAL (GENERAL)
      3670 Lakeview Dr, Fairbanks, AK 99701
      View Details

    Similar Nearby for Sale

    • $596,000
      6,135 SF

      Fairbanks Commercial Building on Cushman

      Versatile 6,135 SF building with storefront, warehouse, and office space.
      1620 S Cushman St, Fairbanks, AK 99701
      View Details
    • Contact for pricing
      Pending

      Industrial Property with Living Area

      7.4 acres with shop, woodshop, living area, and cold storage.
      2179 Donald Ave, Fairbanks, AK 99701
      View Details
    • Contact for pricing

      Fairbanks Retail and Storage Space

      Retail and storage space near major retailers with high traffic.
      910 Old Steese Hwy, Fairbanks, AK 99701
      View Details
    • $355,000
      2,275 SF

      Versatile Commercial Property in Fairbanks

      Unique mixed-use property with showroom and warehouse in historic Fairbanks.
      201 Minnie St, Fairbanks, AK 99701
      View Details
    • Contact for pricing

      Versatile Commercial Building on 4th Street

      Well-built commercial property suitable for various business types.
      424 4Th St, Fairbanks, AK 99701
      View Details
    • $625,000
      5,120 SF

      Versatile Commercial Property, Fairbanks

      High-visibility commercial property with industrial utility and retail potential.
      269 Illinois St, Fairbanks, AK 99701
      View Details
    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.
    135 32Nd Ave
    Fairbanks, AK 99701
    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
    135 32Nd Ave, Fairbanks, AK, 99701
    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!