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    Commercial Space Near I-15 Exit Title is generated by Realmo AI

    3 Microwave Hill Road unit B, Montana City, MT 59634

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    Claim this Listing
    For Lease
    $23 SF/Yr

    COMMERCIAL - Montana City, MT

    Lot size:
    1.00 Acres
    Added:
    Nov 13, 2025
    Days on Market:
    177
    Last Refresh:
    May 9 at 12:06 am

    Property Features for 3 Microwave Hill Road unit B

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    Commercial
    Bathrooms
    1
    Rooms
    Bathroom 1
    Parking
    20
    Standard status
    Active
    APN
    51178514101030000
    Lot size
    1.00 Acres

    Taxes and HOA fees

    Tax Description
    MANGO TEDY BEAR MINOR SUB, S14, T09 N, R03 W, Lot A-2, ACRES 0.998, COS 192028 F558C

    Utilities

    Sewer type
    Septic Tank, Private Sewer
    Heating system
    Natural Gas, Forced Air

    Building Details

    Year built
    1920
    Flooring type
    Laminate, Carpet
    Building materials
    Masonite

    We can help!

    Listing Contact
    Christie Whitman

    Listing agent Christie Whitman License #RRE-RBS-LIC-80117

    Listing office Century 21 Heritage Realty - Helena 1221 Echelon Pl Suite C, Helena, MT

    Listing date Nov 13, 2025

    MLS# 30061194

    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

    • Prime visibility with high traffic count (3,000+ vehicles daily) on Highway 518, ideal for business exposure.
    • Strategically located off I‑15 exit in the Helena‑Clancy corridor.
    • Spacious, open office areas in Unit B with private access.
    • Modified gross lease: tenant responsible only for janitorial, Wi‑Fi, and insurance.
    • First floor and entire building also available for lease.
    • Heating: Natural Gas, Forced Air.

    Overview

    Located off Highway 518 near the I-15 exit, this commercial property offers high visibility with traffic exceeding 3,000 vehicles daily. Unit B features two open office areas and private access via an enclosed staircase. The unit is suitable for a single tenant due to the location of the shared restroom. The first floor and the entire building are also available for lease. The lease is modified gross, with the tenant responsible for janitorial services, Wi-Fi, and insurance. The property is located in Montana City, MT.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Nature Story Montessori High School M&m Hair Salon

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Hair Salon Auto Repair Shop Nail Salon Hotel & Motel Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Montana City
    County
    Jefferson
    State
    Montana
    Longitude
    -111.94151
    Latitude
    46.54076

    Nearby Similar for Lease

    • $23 SF/Yr

      Montana City Landmark Commercial Space

      Unique commercial landmark with high visibility and flexible layouts.
      3 Microwave Hill Road, Montana City, MT 59634
      View Details
    • $23 SF/Yr

      Commercial Space Near I-15 Exit

      High-visibility commercial space suitable for retail, office, or coffee shop.
      3 Microwave Hill Road unit: A, Montana City, MT 59634
      View Details

    FAQs

    What type of property is this?
    Office units - Office space with high visibility near Helena-Clancy corridor.
    Where is this office units located?
    The property is located at 3 Microwave Hill Road unit B Montana City, MT.
    What is the lease rate?
    The lease rate is $23 SF/Yr.
    What are key features of this property?
    This property features: Prime visibility with **high traffic count (3,000+ vehicles daily) on Highway 518, ideal for business exposure.**; Strategically located off I‑15 exit in the Helena‑Clancy corridor.; **Spacious, open office areas in Unit B with private access.**
    (406) 860-9011
    We can help!
    Listing Contact
    Christie Whitman
    Real Estate License ID: RRE-RBS-LIC-80117
    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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