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8745 Glacier Hwy Juneau, AK 99801

Retail space Google Maps
8.02 ac lot Built 1974
Entity Owned 7-yr Hold ~ Est. High Equity
Estimated value (blended)
$705k
Range $635k – $776k (±10%)
Property ID US02-0343313

Property summary

AI-generated overview

Nugget Mall presents a unique investment opportunity in Juneau, Alaska's third most populous city. This established shopping center boasts 135,484 square feet of retail space, currently anchored by prominent national tenants including Sportsman's Warehouse, PETCO, Office Max, and JoAnne Fabrics. The property offers a diverse range of leasing options, with spaces available from a minimum of 430 square feet up to a maximum contiguous space of 18,000 square feet. Currently, 25,129 square feet are vacant, providing significant potential for expansion or new tenants. The mall benefits from its location in a thriving community with a population of 32,255, further enhanced by Juneau's status as a major cruise and fishing port. Last year alone, over 1.2 million cruise ship passengers visited the city, and this year anticipates even greater numbers with over 40 ships making nearly 700 voyages. This high volume of tourism, coupled with Juneau's role as a hub for Alaskan commercial fishing associations, creates a robust and diverse customer base. A pad site opportunity is also available for interested parties. Contact us for detailed leasing information and to explore the possibilities this exceptional property offers.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1974
Lot 8.02 ac (349,236 SF)
Zoning code GC
APN 5B1501100011
UPID US02-0343313

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom
  • Dental Office
  • Restaurant
  • Cafe & Coffee Shop
  • Crypto Atm Atm

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$705k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$705k

Owner & transaction history

since 2018
3 recorded transactions
2023
Price N/A
2020
Price N/A
2018
Price N/A

Zoning & alternative use

GC · Juneau, AK
Zoning description

A lower level of intensity of development is also achieved by stringent height and setback restrictions. Residential development is allowed in mixed- and single-use developments in the light commercial district. (b) The…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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