New search
Property profile & analytics
OFF-MARKET
Estimated value
$5,730,000
Investment properties
600 Railroad Ave, Wasilla, AK 99654-8168
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US02-0012016
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1984
Total area
35,016 SF
Lot
1.62 ac (70,567 SF)
Zoning code
35
APN
7011B5B0000
UPID
US02-0012016
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 Central School High School Vocational School
-
Matsu Legislative Information Office State Government Office
-
Office Of Representative Shelley Hughes Government Office
-
Representative Mark Neuman State Government Office
-
Correspondence Study Program High School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.40M
Comparable Approach
Comparable
$4.18M
Blend (final)
Blend
$5.73M
Owner & transaction history
600 E Railroad Avenue LLC · 6 yrs held
600 E Railroad Avenue LLC
since 2020
Last sale
$5.8M
6 recorded transactions
Zoning & alternative use
35 · Wasilla, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.8M
+33.6%
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%
$4,765,000
6.5%
$4,395,000
7%
$4,080,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,615,000
Current use
RETAIL STORES
$4,825,000
Change: +34% · Conversion: Easy
Blend value · Realmo final
$5.73M
Range $5.16M – $6.30M · ±10% · vs last sale $5.80M (Mar 6 2020)
Last sale anchor
$5.80M
Mar 6 2020
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
$164 / 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
$51,761
Tax year 2023
Assessed value
$5,027,300
Assessed 2023
Previous assessed
$4,842,900
+3.8% YoY
Effective rate
1.03%
On assessed value
Assessed land
$158,900
Assessed improvement
$4,868,400
Land market value
$158,900
Improvement market value
$4,868,400
Total market value
$5,027,300
Applied tax rate
35.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1984
Heating
NONE
Total area
35,016 SF
Lot
1.62 ac (70,567 SF)
Zoning code
35
APN
7011B5B0000
UPID
US02-0012016
Jurisdiction
MATANUSKA-SUSITNA
Zoning & alternative use
35 · Wasilla, AK
Zoning 35 · permitted uses
35 · 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
COMMERCIAL (GENERAL) Current
Est. value
$3.6M
RETAIL STORES
Est. value
$4.8M
COMMERCIAL (GENERAL) Current
RETAIL STORES
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
1984
Heating
NONE
Lot
1.62 ac
Current owner
From public records · entity-resolved
600 E Railroad Avenue LLC
Entity
Mailing address
607 OLD STEESE HWYB306, FAIRBANKS, AK 99701-3163
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 23, 2022
—
600 E Railroad Avenue LLC
—
Deed
related
$5,200,000 · Unibank
Dec 16, 2020
—
500 E Rail Road Avenue LLC
—
Deed
related
$4,350,000 · Northrim Bank
Mar 6, 2020
—
600 E Railroad Avenue LLC
Wasilla Station LLC
Warranty Deed
$4,350,000 · Wasilla Station LLC
May 10, 2011
—
Wasilla Station LLC
—
Trustees Deed
related
$2,800,000 · First National Bank Alaska
Oct 12, 2006
—
Wasilla Station LLC
Smith,dennis G & Dorothy A
Warranty Deed
related
—
—
—
Wasilla Station LLC
—
Deed Of Trust
related
$2,800,000 · First National Bank Alaska
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?”
You own 600 Railroad Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
