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    622 11Th Ave Fairbanks, AK 99701
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    Property profile & analytics

    622 11Th Ave, Fairbanks, AK 99701

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    • Commercial real estate
    • 26,000 SF
    • 0.70 lot acres
    Off-Market
    Property ID
    US02-0321952
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 622 11Th Ave

    Lot size
    0.70 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional Fairbanks investment opportunity encompasses a 34-unit multi-family complex spread across four buildings situated on a 0.7-acre lot. The property, located at 622 & 632 11th Avenue and 635 & 639 10th Avenue, boasts a total of 26,000 square feet. The unit mix comprises a desirable combination of one-bedroom and three-bedroom apartments, consistently in high demand due to the property's central Fairbanks location. The buildings are well-maintained, and nearly all units have undergone recent updates, contributing to a historically low vacancy rate. This translates to a strong and reliable cash flow, making this a turnkey investment with minimal operational overhead. The asking price for this fully operational property is $5,500,000. This presents a rare chance to acquire a proven, high-performing asset in Fairbanks' robust rental market. The property's prime location and desirable unit mix ensure continued strong occupancy and rental income, making it an attractive investment for those seeking a stable and profitable return. The 0.7-acre lot provides ample space and potential for future development or expansion, further enhancing the long-term value of this exceptional investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairbanks
    County
    Fairbanks North Star Borough
    State
    Alaska
    Longitude
    -147.7206
    Latitude
    64.83848

    Comparable in this City

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      Fairbanks Commercial Building - 4,322 SF

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    • $1,500,000
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      Fairbanks Commercial Mixed-Use Property

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      Well-built commercial property suitable for various business types.
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    • $195,000

      Chena Riverfront Residential Land

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    • $50,000
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      Residential Lot in Fairbanks, AK

      Residential lot for sale in Fairbanks, Alaska.
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    Similar Nearby for Sale

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    • $800,000
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      Fairbanks Commercial Building - 4,322 SF

      Prime Fairbanks location, 4,322 sq ft building, 0.06 acres.
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    • $1,500,000
      7,191 SF

      Fairbanks Commercial Mixed-Use Property

      High-traffic location, income & expansion potential.
      3225 Cushman 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
    • $195,000

      Chena Riverfront Residential Land

      Residential land with river frontage and easy access to amenities.
      Nhn Chena Landings Loop Rd, Fairbanks, AK 99701
      View Details
    • $50,000
      0.21 Acres

      Residential Lot in Fairbanks, AK

      Residential lot for sale in Fairbanks, Alaska.
      304 Haines Ave, Fairbanks, AK 99701
      View Details
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    Fairbanks, AK 99701
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    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.

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