Fifth-Floor Office
For Sale
$995,000
101 E Broadway Street Unit 5, Missoula, MT 59802
Fifth floor offers 15 office suites with varied sizes and configurations within the Montana Building.
Property Size4,600 SF
Price / SF$216.30
Days on Market99
Property Features for 101 E Broadway Street Unit 5
General Information
Standard status
Active
Size
4,600 SF
Zoning
6
Building Details
Building Size
4,600 SF
Year Built
1900
Tenancy
Multi
Listing Agency:
Stelling & Associates
Listed By:
Stephen Stelling · License #RRE-BRO-LIC-87958
(406) 728-9200
Source:
Purewestrealestate
Added: Jul 25
Changed: Oct 25
Last Checked: Oct 30 at 10:29AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Stelling & Associates
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Investment Insights
Based on property information with market context.
The Montana Building features a fifth-floor office layout comprised of 15 suites, with each suite varying in size and configuration. The building has undergone renovations and restoration projects over the decades to preserve its architectural integrity while adapting to changing commercial needs.
Prior tenants include law offices, financial institutions, retail stores, and professional services. Showings are by appointment only.
The current offering is specifically the fifth floor, designed to provide a range of suite options within a single managed building environment.
Prior tenants include law offices, financial institutions, retail stores, and professional services. Showings are by appointment only.
The current offering is specifically the fifth floor, designed to provide a range of suite options within a single managed building environment.
Key Highlights
- 1900 year built historic Montana Building in downtown Missoula
- Fifth floor features 15 office suites with varied sizes and configurations
- Prior tenants include law offices, financial institutions, retail stores, and professional services
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,613
Cap Rate
5.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,072,260
$1.1M
Cap Rate 7%
$765,900
$765.9K
Cap Rate 9%
$595,700
$595.7K
Market Conditions
NOI Build-Up for 4,600 SF
Gross rent
$96.6K $21.00/SF
− Vacancy
−$25.1K −$5.46/SF
EGI
$71.5K $15.54/SF
− OpEx
−$17.9K −$3.89/SF
NOI
$53.6K $11.66/SF
Area
Missoula County, MT
Vacancy
26.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,072,260
Cap Rate 7%
$765,900
Cap Rate 9%
$595,700
Alternative Uses
Best Use
Office B
$765.9K
$670.2K – $893.6K
NOI $53,613 @ 7.0% cap · market cap 5.39%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.33M
$1.16M – $1.55M
NOI $92,840 @ 7.0% cap · market cap 9.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,241
Businesses Nearby
Explore this area
Business Placement
Demographics for 59802, MT
19,892
Population
10,416
Households
1.9
Avg Household Size
37
Median Age
52%
College-Educated
96%
High-School Grad
45.4 sq mi
ZIP Area
438
Density / Sq Mi
$65,054
Median Household Income
$36,541
Median Earnings
$1,021
Median Rent
$420,200
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Fifth floor offers 15 office suites with varied sizes and configurations within the Montana Building.
Where is this office unit located?
The property is located at 101 E Broadway Street Unit 5 Missoula, MT.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 1900 year built historic Montana Building in downtown Missoula; Fifth floor features 15 office suites with varied sizes and configurations; Prior tenants include law offices, financial institutions, retail stores, and professional services
