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    Leased Industrial Property with Office Title is generated by Realmo AI

    4685 Expressway, Missoula, MT 59808

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    Claim this Listing
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    For Sale
    $3,400,000

    Commercial Sale, Other - Missoula, MT

    Property size:
    23,520 SF
    Lot size:
    5.19 Acres
    Price / SF:
    $144/SF
    Added:
    Jun 9, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 9 at 11:06 pm

    Property Features for 4685 Expressway

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    UMU urban mixed
    Standard status
    Active
    APN
    04219901101020000
    Lot size
    5.19 Acres

    Building Details

    Year built
    1994
    Architectural style
    Other

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    Listing Contact
    Sharon Gordon

    Listing agent Sharon Gordon

    Listing office Engel & Völkers Missoula 321 N. Higgins Ave, Missoula, MT

    Listing date Jun 9, 2026

    MLS# 30072297 Listing URL

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

    HighLights

    • 5.19 acres total: includes 21,590 SF industrial building plus 1,930 SF office building
    • 2.54 acres leased land with rent of $15,544/month and 3% annual increases
    • NNN lease: tenant pays 78% of taxes and all insurance for building and land
    • Lease in place until April 2029 with ability to extend
    • Also includes 2.65 acres undeveloped land
    • Test pits completed in January 2026 (10 ft deep) found crushed asphalt and concrete with native soils; Phase I report available

    Overview

    The offering includes approximately 21,590 square feet of industrial building and an approximately 1,930 square foot office building, along with 2.54 acres of leased land. Also included is 2.65 acres of undeveloped land. The property is described as being supported by a Phase I report, and HMH Engineering excavated four test pits on the undeveloped portion to depths of about 10 feet in January 2026, with findings of crushed asphalt and concrete with native soils. An approval process with the City has been completed for drainage improvements in the front ditch along Expressway, with confirmation that drainage can connect to the community pond to avoid creating stormwater containment ponds across the site, subject to verification.

    The property is located at 4685 Expressway in Missoula, Montana, with zoning listed as UMU urban mixed. The current arrangement is described as NNN, with the tenant paying 78% of taxes and all building and land insurance. The lease is in place until April 2029, with an ability to extend.

    This configuration can be suitable for buyers seeking an income-producing industrial asset paired with an office component, while also holding additional undeveloped acreage. The documentation around drainage planning and subsurface findings is intended to support continued planning for the remaining land, consistent with the city-confirmed approach referenced in the materials.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $493.9k $21.00
    − Vacancy −$128.4k −$5.46
    EGI $365.5k $15.54
    − OpEx −$91.4k −$3.89
    NOI $274.1k $11.66
    23,520 SF · lease $21.00/SF/yr · vacancy 26.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $3.92M
    $3.43M – $4.57M (±1% cap)
    NOI $274,126 @ 7.0% cap · market cap 8.06%
    Second Best
    Warehouse
    $2.96M
    $2.59M – $3.46M (±1% cap)
    NOI $207,469 @ 7.0% cap · market cap 6.10%
    Theoretical Best
    Specialty Retail
    $6.78M
    $5.93M – $7.91M (±1% cap)
    NOI $474,692 @ 7.0% cap · market cap 13.96%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    GTS Interior Supply Big Box & Wholesale Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Pharmacy Hotel & Motel

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

    Similar Places Nearby

    • Cheap Charley's Mini Storage — 6400 Kestrel Ct, Missoula, MT 59808
    • Storage Rentals of America — 6385 U.S. Highway 10 W, Missoula, MT 59808
    • Dry Dock Rv & Yacht — 6385 U.S. Highway 10 W, Missoula, MT 59808

    Location Insight

    • Map
    • Local Demand
    City
    Missoula
    County
    Missoula
    State
    Montana
    Longitude
    -114.063083
    Latitude
    46.913618

    FAQs

    What type of property is this?
    Warehouse - Industrial building with an on-site office and multiple leased acres under a NNN lease through 2029.
    Where is this warehouse located?
    The property is located at 4685 Expressway Missoula, MT.
    What is the asking price?
    The asking price for this property is $3,400,000.
    What are key features of this property?
    This property features: 5.19 acres total: includes 21,590 SF industrial building plus 1,930 SF office building; 2.54 acres leased land with rent of $15,544/month and 3% annual increases; NNN lease: tenant pays 78% of taxes and all insurance for building and land
    More about this property
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