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    Centrally Located Missoula Office Space Title is generated by Realmo AI

    1620 Regent Street, Missoula, MT 59801

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    Claim this Listing
    For Lease
    $1,220/Mo $18 SF/Yr (calc)

    COMMERCIAL - Missoula, MT

    Property size:
    813 SF
    Lot size:
    0.51 Acres
    Added:
    Feb 18, 2026
    Days on Market:
    92
    Last Refresh:
    May 21 at 5:06 pm

    Property Features for 1620 Regent Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    Commercial
    Parking features
    Alley, On Street
    Window features
    Blinds
    Standard status
    Active
    APN
    04220028344010000
    Size
    813 SF
    Lot size
    0.51 Acres

    Taxes and HOA fees

    Tax Description
    UNION ADDITION, S28, T13 N, R19 W, BLOCK 10, Lot 13 - 17, & W1/2 OF LOT 18

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas

    Building Details

    Year built
    1975
    Flooring type
    Carpet

    We can help!

    Listing Contact
    Kathi Olson

    Listing agent Kathi Olson License #RRE-RBS-LIC-13865

    Listing office Berkshire Hathaway HomeServices - Missoula 1020 South Avenue W, Missoula, MT

    Listing date Feb 18, 2026

    MLS# 30065577

    Copyright © 2026 Montana Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Centrally located office space at a prominent intersection (Burlington and Regent).
    • Lower floor office with private entrance.
    • Large reception/"bullpen" area with abundant natural light.
    • Includes three private office areas totaling 813 sf +/-.
    • NNN lease covers taxes, insurance, common area maintenance, and utilities.
    • Parking lot and street parking available.

    Overview

    This centrally located lower floor office space is available for lease at 1620 Regent Street in Missoula, Montana. The building is situated at the southwest corner of Burlington and Regent Street. The office is accessible through the north entrance on Regent Street; proceed downstairs, and the office suites are located to the right. Suite B features a large reception or "bullpen" area with ample natural light, along with three office areas. The total space encompasses approximately 813 square feet. The NNN (taxes, insurance, common area maintenance, and utilities) is estimated at $545 per month for 2024. Parking is available in the parking lot and on the street. The property is zoned for commercial use and is located in Missoula County. Showings are preferred between 8 a.m. and 5 p.m., Monday through Friday.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Muth Consulting Engineers Engineer OnSite Energy, Inc. Solar Energy Company Garcia Skidsteer Rental Construction Company 3 Rivers Mental ... Crisis Center Big Sky Breathwork Physician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Missoula
    County
    Missoula
    State
    Montana
    Longitude
    -114.0143578
    Latitude
    46.8553623

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    FAQs

    What type of property is this?
    Office units - Lower floor office with private entrance in central Missoula.
    Where is this office units located?
    The property is located at 1620 Regent Street Missoula, MT.
    What is the lease rate?
    The lease rate is $1,220 /Mo.
    What are key features of this property?
    This property features: Centrally located office space at a prominent intersection (Burlington and Regent).; Lower floor office with private entrance.; Large reception/"bullpen" area with abundant natural light.
    (406) 544-7359
    We can help!
    Listing Contact
    Kathi Olson
    Real Estate License ID: RRE-RBS-LIC-13865
    Learn More
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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.

    More about this property
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    1620 Regent Street, Missoula, MT 59801
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