Storefront Property with Secondary
For Sale
$765,000
100 1st Street N, Cascade, MT 59421
CommercialSale, Cascade, MT
Property Size4,606 SF
Lot Size0.29 Acres
Price / SF$166.09
Days on Market31
Property Features for 100 1st Street N
General Information
Property type
Commercial Sale
Property subtype
Other
Rooms
Basement
Directions
Main drag Cascade next to 468 Market
Standard status
Active
APN
02277435218300000
Lot size
0.29 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Cascade Original Townsite S35, T18N, R01W, Block 003 Lot 017, Lots 17-20 Acres 0.29
Tax Annual Amount
3092
Legal Description
Cascade Original Townsite S35, T18N, R01W, Block 003 Lot 017, Lots 17-20 Acres 0.29
Amenities
two cash wrap stations
four dressing rooms
two private offices
private restroom
dedicated storage room
partial basement
four electrical meters
natural gas heating and central air conditioning
two restrooms
Building Details
Year built
1999
Listing Agency:
Montana's Best Realty
(406) 468-9911
Listed By:
Gym Anderson · License #RRE-BRO-LIC-12207
(406) 468-9911
Added: Jul 21
Changed: Aug 20
Last Checked: Aug 20 at 10:06PM
MLS# 30075378
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.
Investment Insights
Based on property information with market context.
This storefront property contains 4,606 square feet with a primary retail area, showroom, private offices, dressing rooms, cash wrap stations, restrooms, and dedicated storage. A partial basement adds additional storage capacity, while natural gas heat and central air conditioning serve the building. The property also includes four electrical meters and a separate office area with its own restroom.
A second building provides additional enclosed space for storage, garage, workshop, retail, or other commercial use. Parking is available both on the street and off site. The 0.286-acre property is located at 100 1st Street N in Cascade, Montana, within the town’s business district and near the Missouri River.
A second building provides additional enclosed space for storage, garage, workshop, retail, or other commercial use. Parking is available both on the street and off site. The 0.286-acre property is located at 100 1st Street N in Cascade, Montana, within the town’s business district and near the Missouri River.
Key Highlights
- 4,606 SF storefront property on 0.286 acres
- 3,550‑square‑foot retail addition and showroom area
- 1999 remodel expanded the building’s retail functionality
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$50,404
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,008,080
$1.0M
Cap Rate 7%
$720,057
$720.1K
Cap Rate 9%
$560,044
$560.0K
Market Conditions
NOI Build-Up for 4,606 SF
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.
Gross rent
$74.6K $16.20/SF
− Vacancy
−$2.6K −$0.57/SF
EGI
$72.0K $15.63/SF
− OpEx
−$21.6K −$4.69/SF
NOI
$50.4K $10.94/SF
Area
Cascade County, MT
Vacancy
3.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,008,080
Cap Rate 7%
$720,057
Cap Rate 9%
$560,044
Alternative Uses
Best Use
Retail
$720.1K
$630.1K – $840.1K
NOI $50,404 @ 7.0% cap · market cap 6.59%
Second Best
Office B
$531.2K
$464.8K – $619.7K
NOI $37,184 @ 7.0% cap · market cap 4.86%
Theoretical Best
Specialty Retail
$896.4K
$784.3K – $1.05M
NOI $62,746 @ 7.0% cap · market cap 8.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
69
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 59421, MT
2,057
Population
1,439
Households
1.4
Avg Household Size
53
Median Age
30%
College-Educated
92%
High-School Grad
746.6 sq mi
ZIP Area
3
Density / Sq Mi
$71,688
Median Household Income
$45,045
Median Earnings
$1,014
Median Rent
$337,200
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Flexible commercial layout includes showroom space, offices, storage, dressing rooms, and separate restroom areas.
Where is this storefront property located?
The property is located at 100 1st Street N Cascade, MT.
What is the asking price?
The asking price for this property is $765,000.
What are key features of this property?
This property features: 4,606 SF storefront property on 0.286 acres; 3,550‑square‑foot retail addition and showroom area; 1999 remodel expanded the building’s retail functionality
