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    Mixed-Use Retail and Apartment Property Title is generated by Realmo AI

    376 US Highway 93 N, Eureka, MT 59917

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    For Sale
    $1,499,000

    SINGLE_FAMILY - Eureka, MT

    Type:Retail
    Property size:
    8,466 SF
    Lot size:
    0.53 Acres
    Price / SF:
    $177/SF
    Added:
    Sep 19, 2025
    Days on Market:
    260
    Last Refresh:
    Jun 5 at 4:06 pm

    Property Features for 376 US Highway 93 N

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Parking
    30
    Parking features
    Alley
    Patio and Porch features
    Patio
    Interior features
    OpenFloorplan
    Exterior features
    PropaneTankOwned
    Standard status
    Active
    APN
    56482314105010000
    Size
    8,466 SF
    Lot size
    0.53 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    S14, T36 N, R27 W, ACRES 0.53, TR 3DA in NENW
    Tax Annual Amount
    6352

    Utilities

    Utilities
    Propane
    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Heat Pump (Heating), Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1981
    Flooring type
    Concrete
    Building materials
    BattsInsulation, Block, Cedar, MetalSiding, WoodSiding, WoodFrame
    Roof type
    Metal

    We can help!

    Listing Contact
    Gretchen Lancaster
    Gretchen Lancaster

    Listing agent Gretchen Lancaster License #RRE-BRO-LIC-16493

    Listing office Lancaster and Company, Premier Properties 101 Riverside Ave, Eureka, MT

    Listing date Sep 19, 2025

    MLS# 30055607

    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 location in the heart of Eureka with exceptional visibility and high foot traffic.
    • Fully leased commercial property with a strong tenant mix generating turnkey income.
    • Includes a cozy one‑bedroom residential apartment perfect for owner‑occupancy.
    • Excellent handicap accessibility throughout the building.
    • Ample parking with 30 spaces and superior street access.
    • Equipped with fiber internet and a full suite of appliances.

    Overview

    This single-level commercial property at 376 US Highway 93 N in Eureka, MT includes multiple retail and service spaces, plus a residential one-bedroom apartment. The building is described as well-maintained and fully leased. Tenant mix noted in the listing remarks includes a yoga studio, a pizza pub, a bakery, and a locally owned retail shop. The property also offers a one-bedroom residence with a 3/4 bathroom, which may appeal to an owner-occupant or to an operator seeking live/work flexibility.

    Overall, the site is on a 0.53-acre lot and includes highway signage and “superior street access,” with the listing citing visibility and steady vehicle flow. Parking is addressed as 30 spaces. The building is set up with three 1/2 bathrooms, and it is described as plumbed for an additional bathroom. Accessibility features are called out as excellent handicap accessibility, including compliant bathroom facilities, door widths, and hallway widths.

    Interior features mentioned include rock construction elements, fiber internet, and a full suite of appliances. The inventory list provided includes three freezers, a range, dishwasher, two microwaves, a refrigerator, Pepsi coolers, and a pizza oven. With its open, oversized-room layout, the property is positioned as a flexible mixed-use option for continued retail use or for reconfiguration within the existing footprint.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Dental Office Pharmacy Big Box & Wholesale Store Building Supply Car Rental Facility Clothing & Fashion Store Computer & Electronic Repair Storage Facility Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Eureka
    County
    Lincoln
    State
    Montana
    Longitude
    -115.0557346
    Latitude
    48.8887559

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    FAQs

    What type of property is this?
    Retail property - Single-level, fully leased mixed-use building with highway signage, multiple retail tenants, an on-site apartment, and accessible facilities.
    Where is this retail property located?
    The property is located at 376 US Highway 93 N Eureka, MT.
    What is the asking price?
    The asking price for this property is $1,499,000.
    What are key features of this property?
    This property features: Prime location in the heart of Eureka with exceptional visibility and high foot traffic.; Fully leased commercial property with a strong tenant mix generating turnkey income.; Includes a cozy one‑bedroom residential apartment perfect for owner‑occupancy.
    (406) 291-7099
    We can help!
    Listing Contact
    Gretchen Lancaster
    Gretchen Lancaster
    Real Estate License ID: RRE-BRO-LIC-16493
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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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