Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2650 Park Hwy Wasilla, AK 99654-7359

    • Residential income homes
    • 1.26 lot acres
    OFF-MARKET
    Last Sale
    Feb 25, 2022
    $1,743,000
    Value Estimations
    $1,940,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US02-0089633
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Alaskan View Motel / Motel / Hotel

    Property Details for 2650 Park Hwy

    Year built
    1996
    Lot size
    1.26 lot acres
    Zone code
    35
    Property type
    Residential income homes
    Property subtype
    Serviced apartments
    APN
    2385000L008
    APU
    2385000L008

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,940,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Wasilla
    County
    Matanuska-susitna
    State
    Alaska
    Longitude
    -149.381
    Latitude
    61.5711
    CBSA code
    11260
    CBSA name
    ANCHORAGE, AK METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $8,119
    $296,500
    $492,100
    $788,600
    -
    $296,500
    $492,100
    $788,600

    Comparable in this City

    • Value Estimation
      $850,000
      41,468 SF

      2800 Park Hwy

      BOARDING/ROOMING HOUSE • 41,468 SF
      2800 Park Hwy, Wasilla, AK 99654
      View Details
    • Value Estimation
      $270,000
      3,231 SF

      B St

      BOARDING/ROOMING HOUSE • 3,231 SF
      B St, Wasilla, AK 99654
      View Details
    • Value Estimation
      $440,000
      1.26 Acres

      2900 Park Hwy

      BOARDING/ROOMING HOUSE • 1.26 Acres
      2900 Park Hwy, Wasilla, AK 99654-7362
      View Details
    • Value Estimation
      $295,000
      2,046 SF

      4700 Begich Cir

      BOARDING/ROOMING HOUSE • 2,046 SF
      4700 Begich Cir, Wasilla, AK 99654-7605
      View Details
    • Value Estimation
      $305,000
      1.45 Acres

      3451 Palmdale Dr

      BOARDING/ROOMING HOUSE • 1.45 Acres
      3451 Palmdale Dr, Wasilla, AK 99654-6045
      View Details
    • Value Estimation
      $245,000
      3,576 SF

      Main St

      BOARDING/ROOMING HOUSE • 3,576 SF
      Main St, Wasilla, AK 99654
      View Details

    Similar Nearby for Sale

    • $689,000
      Pending

      Wasilla Duplex in Azalea Hills

      New construction duplex in Wasilla's Azalea Hills Subdivision.
      1785 N Lana Cir, Wasilla, AK 99654
      View Details
    • $700,000
      Pending

      Wasilla Multifamily Property For Sale

      Multifamily property in Wasilla, Alaska, featuring over 3,000 square feet.
      1780 N Lana Cir, Wasilla, AK 99654
      View Details
    • $10,175,439
      14,723 SF

      Walgreens NNN Lease, Alaska

      High-performing Walgreens, absolute NNN lease.
      1721 Parks Hwy, Wasilla, AK 99654
      View Details
    • $115,000
      Pending

      Residential Land Near Lucille Lake

      1.22-acre residential land near Lucille Lake and Wasilla's heart.
      1550 W Valley Ridge Dr, Wasilla, AK 99654
      View Details
    • $295,000
      40.00 Acres

      40 Acres in Meadow Lakes

      Undeveloped 40-acre land parcel with road access in Wasilla, AK.
      N Kerrylynn Ln, Wasilla, AK 99654
      View Details
    • $1,000,000

      Established Fireplace Business Opportunity

      Profitable fireplace business with full service division in Palmer, AK.
      6445 E Blue Lupine Dr, Palmer, AK 99654
      View Details

    Similar Nearby for Lease

    • $36 SF/Yr
      7,000 SF

      Lakeside Center Retail Space For Lease

      Wasilla storefront, 1,532 sq ft available.
      1451 Parks Hwy, Wasilla, AK 99654
      View Details
    • $1.95 SF/Yr
      5,512 SF

      Wasilla Commercial Space - 5512 SF

      Prime Wasilla location, versatile space, high traffic area.
      2301 Sun Mountain Ave, Wasilla, AK 99654
      View Details
    • $28 SF/Yr
      13,860 SF

      Hunter Plaza Office Suite #200

      Wasilla Office Space - Fully Remodeled, High Visibility
      991 Hermon Rd, Wasilla, AK 99654
      View Details
    • New
      $3 SF/Yr
      1,573 SF

      Wasilla Office Space For Rent

      Turnkey office space available for rent in Wasilla, Alaska.
      892 E Usa Cir, Wasilla, AK 99654
      View Details
    • $3 SF/Yr
      1,654 SF

      Corner Office Suite in Wasilla

      Turnkey office suite with marquee signage in the heart of Wasilla.
      892 E Usa Cir, Wasilla, AK 99654
      View Details
    • Contact for pricing
      2,200 SF

      Wasilla Retail Pad Site Investment

      Prime Parks Hwy location, high traffic.
      1900 Parks Hwy, Wasilla, AK 99654
      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.
    2650 Park Hwy
    Wasilla, AK 99654-7359
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.