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Property profile & analytics
FOR LEASE
Medical Office Space
5851 S Knik Goose Bay Rd Wasilla, AK 99623
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US02-0182771
For Lease
1 / 17
$540,000
5851 S Knik Goose Bay Rd, Wasilla, AK 99623
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2016
Total area
8,272 SF
Lot
2.35 ac (102,366 SF)
Zoning code
30
APN
5633000L003
UPID
US02-0182771
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Mat-Su Urgent Care Settler's Bay Medical Clinic
-
Jessica Rowley, PA Registered General Nurse
-
Samuel Inouye Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$541k
Blend (final)
Blend
$540k
Owner & transaction history
Old School 1925 LLC · 10 yrs held
Old School 1925 LLC
since 2015
4 recorded transactions
Zoning & alternative use
30 · Wasilla, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$620,000
+51.4%
Restaurant
$525,000
+28.2%
Warehouse, storage
$500,000
+22.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Wasilla submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wasilla submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$410,000
Current use
INDUSTRIAL (GENERAL)
$620,000
Change: +51% · Conversion: Difficult
RESTAURANT
$525,000
Change: +28% · Conversion: Difficult
WAREHOUSE, STORAGE
$500,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$540k
Range $486k – $594k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$65 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$28,242
Tax year 2023
Assessed value
$2,192,200
Assessed 2023
Previous assessed
$2,100,600
+4.4% YoY
Effective rate
1.29%
On assessed value
Assessed land
$66,400
Assessed improvement
$2,125,800
Land market value
$66,400
Improvement market value
$2,125,800
Total market value
$2,192,200
Applied tax rate
30.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
2016
Heating
NONE
Total area
8,272 SF
Lot
2.35 ac (102,366 SF)
Zoning code
30
APN
5633000L003
UPID
US02-0182771
Jurisdiction
MATANUSKA-SUSITNA
Zoning & alternative use
30 · Wasilla, AK
Zoning 30 · permitted uses
30 · Wasilla, AK
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wasilla. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$410,000
INDUSTRIAL (GENERAL)
Est. value
$620,000
RESTAURANT
Est. value
$525,000
WAREHOUSE, STORAGE
Est. value
$500,000
MEDICAL BUILDING Current
INDUSTRIAL (GENERAL)
RESTAURANT
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2016
Heating
NONE
Lot
2.35 ac
Current owner
From public records · entity-resolved
Old School 1925 LLC
Entity
Free & Clear · 10 yrs held
Mailing address
1900 W NORTHERN LGTS BLVD STE #200, ANCHORAGE, AK 99517-3325
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2016
—
Old School 1925 LLC
—
Deed
related
$2,370,000 · Northrim Bk
Mar 18, 2016
—
Old School 1925 LLC
—
Trustees Deed
related
$2,370,000 · Northrim Bk
Dec 10, 2015
—
Old School 1925 LLC
Aurora Real Estate LLC
Quit Claim Deed
related
—
—
—
Old School 1925 LLC
—
Deed Of Trust
related
$2,370,000 · Northrim Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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