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    Property profile & analytics

    40285 Sterling Hwy Homer, AK 99603

    • Commercial real estate
    • 2.00 lot acres
    For Sale
    View listing
    $139,000
    Value Estimation
    Location Intelligence
    Property ID
    US02-0110313
    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

    • Commercial real estate

    Property Details for 40285 Sterling Hwy

    Lot size
    2.00 lot acres
    Property type
    Commercial real estate

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Homer
    County
    Kenai Peninsula Borough
    State
    Alaska
    Longitude
    -151.68555
    Latitude
    59.688095

    Comparable in this City

    • $52,000
      27.00 Acres

      Homer, AK Bluff Acreage

      27+ acre parcel on the bluff above Fox River.
      000 Fox Riv, Homer, AK 99603
      View Details
    • $120,000
      1.00 Acre

      Homer Land with Potential Views

      Prime building lots in Homer with potential Kachemak Bay views.
      L8 W Fairview Ave, Homer, AK 99603
      View Details
    • $123,750
      1.00 Acre

      Homer Land with Potential Views

      Prime building lots in Homer with potential Kachemak Bay views.
      L7 W Fairview Ave, Homer, AK 99603
      View Details
    • $108,750
      1.00 Acre

      Homer, AK Residential Development Land

      Residential development land with utilities and investment potential in Homer.
      L2 W Fairview Ave, Homer, AK 99603
      View Details
    • $1,950,000
      2,930 SF

      making it a prime destination for food enthusiasts and nature lovers alike. \n\nThe Restaurant:\nCaptain Patties Fish House has been one of Homer's most popular and loved restaurants for over two decades

      delighting diners with its fresh seafood
      4241 Homer Spit Rd, Homer, AK 99603
      View Details
    • $4,000,000
      10,800 SF

      000 sf of space and the second story has 1800-2000 sf of space. The second story is not yet completed. The partially completed 2nd story has a master suite

      2 guest bedrooms
      3695 Lake St, Homer, AK 99603
      View Details

    Similar Nearby for Sale

    • $52,000
      27.00 Acres

      Homer, AK Bluff Acreage

      27+ acre parcel on the bluff above Fox River.
      000 Fox Riv, Homer, AK 99603
      View Details
    • $120,000
      1.00 Acre

      Homer Land with Potential Views

      Prime building lots in Homer with potential Kachemak Bay views.
      L8 W Fairview Ave, Homer, AK 99603
      View Details
    • $123,750
      1.00 Acre

      Homer Land with Potential Views

      Prime building lots in Homer with potential Kachemak Bay views.
      L7 W Fairview Ave, Homer, AK 99603
      View Details
    • $108,750
      1.00 Acre

      Homer, AK Residential Development Land

      Residential development land with utilities and investment potential in Homer.
      L2 W Fairview Ave, Homer, AK 99603
      View Details
    • $1,950,000
      2,930 SF

      making it a prime destination for food enthusiasts and nature lovers alike. \n\nThe Restaurant:\nCaptain Patties Fish House has been one of Homer's most popular and loved restaurants for over two decades

      delighting diners with its fresh seafood
      4241 Homer Spit Rd, Homer, AK 99603
      View Details
    • $4,000,000
      10,800 SF

      000 sf of space and the second story has 1800-2000 sf of space. The second story is not yet completed. The partially completed 2nd story has a master suite

      2 guest bedrooms
      3695 Lake St, Homer, AK 99603
      View Details
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    40285 Sterling Hwy
    Homer, AK 99603
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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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