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    7890 Thornton Drive Missoula, MT 59808

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    For Lease
    $15,000 /Mo

    COMMERCIAL - Missoula, MT

    Property size:
    6,272 SF
    Lot size:
    2.76 Acres
    Added:
    Mar 20, 2026
    Days on Market:
    47
    Last Refresh:
    May 5 at 5:06 pm

    Property Features for 7890 Thornton Drive

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    04232528102190000
    Size
    6,272 SF
    Lot size
    2.76 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    MEADOWLANDS - LOT 5, S28, T14 N, R20 W, Lot 5A
    Tax Annual Amount
    15867

    Building Details

    Year built
    2001

    We can help!

    Listing Contact
    Mark McQuirk
    Mark McQuirk

    Listing agent Mark McQuirk License #RRE-BRO-LIC-13234

    Listing office RE/MAX All Stars 3420 S Reserve St Suite A, Missoula, MT

    Listing date Mar 20, 2026

    MLS# 30067194

    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.

    Overview

    Versatile Mixed-Use Property in Missoula

    Located just west of the airport in Missoula, this commercial mixed-use property offers a versatile leasing opportunity. The three-story building, totaling 6,272 sq. ft., is situated on a 2.76-acre lot. The interior has been completely remodeled with modern finishes, providing flexibility for commercial, residential, or live/work use. The property includes an approximately 18,000 sq. ft. paved lot and a build-ready 30' x 120' concrete pad equipped with full infrastructure, including a 200-amp power panel, well water, sewer, and retention pond. This setup is suitable for additional shop space, storage, or tenant expansion. A drive-thru shop with three 10-foot overhead doors enhances functionality for equipment, vehicles, or service-based operations. The layout and site configuration are designed to accommodate contractors, light industrial users, or tenants seeking a combination of workspace and residential-style improvements. Additional features include a new 1,200-amp service panel for future expansion, a separate 200-amp service located in a fenced rear yard area, and 220 power throughout. The site provides ample space for parking, equipment storage, or operational needs. This property is located in a growing Missoula corridor with access to the airport, I-90, and surrounding commercial areas.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Live-work space

    Suggested Use

    Restaurant Spa & Massage Center Building Supply Hair Salon Nail Salon Big Box & Wholesale Store Department Store Food Market Kitchen & Bath Showroom HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Missoula
    County
    Missoula
    State
    Montana
    Longitude
    -114.127222
    Latitude
    46.946268

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    FAQs

    What type of property is this?
    Mixed-use property - Remodeled 6,272 sq ft building on 2.76 acres.
    Where is this mixed-use property located?
    The property is located at 7890 Thornton Drive Missoula, MT.
    What is the lease rate?
    The lease rate is $15,000 /Mo.
    What are key features of this property?
    This property features: Prime commercial/mixed‑use lease opportunity in a desirable Missoula location near the airport and I‑90.; **Completely remodeled 6,272 sq. ft. three‑story building** with modern finishes and flexible layout for commercial, residential, or live/work use.; Build‑ready 30' x 120' concrete pad with full infrastructure (200‑amp power, well, sewer, retention pond) for additional shop space or expansion.
    (406) 880-7253
    We can help!
    Listing Contact
    Mark McQuirk
    Mark McQuirk
    Real Estate License ID: RRE-BRO-LIC-13234
    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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