Commercial real estate in Fairbanks and Interior Alaska

The right commercial property should support the way a business operates or the investment plan an owner can realistically manage. Whether you are comparing office, retail, warehouse, or mixed-use space, Majors Realty Group can help organize the property search and the questions that need specialist review.

Start with the use and location

Describe your operation before comparing square footage. Consider customer access, employee parking, deliveries, loading, storage, signage, and room for growth. Verify the proposed use with the governing planning authority. An existing business in a building does not establish that a different operation will be approved. Ask about occupancy requirements and the approvals needed for alterations.

Inspect the systems that affect operations

Review electrical capacity, heating, ventilation, plumbing, roof condition, drainage, and fire and life-safety systems with appropriate professionals. Consider snow storage, plowing access, roof snow management, and service-vehicle access. Obtain actual utility bills and service records where available. Clarify responsibility for private water or wastewater systems and whether they support the proposed activity.

Environmental and title review

Review prior uses, fuel storage, easements, access, and recorded restrictions. Alaska DEC provides information on contaminated properties and recommends environmental professionals for commercial and industrial property assessment. Discuss the appropriate investigation with your lender, environmental consultant, and attorney before deadlines expire. A listing description or database search is not a substitute for the review your transaction requires.

Buying an occupied investment property

Request complete leases, amendments, rent rolls, payment history, deposits, expense records, and service contracts. Reconcile advertised income with actual collections. Identify lease expiration dates, renewal options, expense reimbursements, maintenance obligations, and any concessions. Have your attorney review the documents and any tenant confirmations needed for closing. Model vacancy, capital work, insurance, utilities, taxes, and management using supportable assumptions.

Selling a commercial property

Prepare a clear information package with floor plans, surveys, system details, operating records, and lease documents where applicable. Distinguish real estate from business assets or equipment included in the transaction. Set an appropriate process for sharing confidential information. Discuss valuation using relevant sales, income evidence, condition, and competing space rather than relying only on a price per square foot.

Should I buy or lease?

Compare the cash required, expected length of use, flexibility, improvement costs, financing, and responsibility for major repairs. An ownership decision can affect business liquidity and future relocation options. Review the alternatives with your lender and financial and legal advisors using the actual property and proposed terms.

Helpful starting points

See FNSB Community Planning and Alaska DEC commercial-property environmental guidance. Outside the borough, identify the authority responsible for the specific address.

Discuss your commercial property goals with Majors Realty Group. Tell us the location, intended use, size, timeline, and budget you are considering.

Updated September 20, 2026. Verify permitted use, property condition, and transaction requirements with the appropriate professionals.