Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    High-Traffic Shop on 0.62 Acres Title is generated by Realmo AI

    1021 15th N Street, Great Falls, MT 59401

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,150,000

    7460 SF shop on 0.62 acres in high-traffic area.

    Type:Commercial/Industrial
    Property size:
    8,304 SF
    Lot size:
    0.62 Acres
    Price / SF:
    $138/SF
    Added:
    Mar 11, 2026
    Days on Market:
    67
    Last Refresh:
    Apr 6 at 12:12 am

    Property Features for 1021 15th N Street

    General Information

    Standard status
    Active
    Size
    8,304 SF
    Lot size
    0.62 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1973

    We can help!

    Listing Contact
    Robin McKnight

    Listing agent Robin McKnight License #RRE-RBS-LIC-17672

    Listing office Montana's Best Realty

    Listing date Mar 11, 2026

    Source Exitrealty

    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 Montana's Best Realty

    HighLights

    • High‑traffic location ideal for business exposure.
    • Large 7460 sq ft shop suitable for various business configurations.
    • Drive‑through shop doors and fenced back lot for convenient access and storage.
    • Updated and air‑conditioned office space with reception area.
    • Includes multiple heaters, 2 hoists, a 15‑horse compressor, and a Down Draft paint booth (negotiable).
    • .62 acre property offering ample space for business operations.

    Overview

    Located in a high-traffic area, this 0.62-acre property features a 7460 square foot shop with drive-through doors leading to a fenced back lot. The property previously housed an auto body and mechanic business. The building includes an updated and air-conditioned office space, along with an adjoining reception area. The shop is equipped with multiple heaters, including one oil burner, two hoists, and a 15-horsepower compressor. A down-draft paint booth and two air filtration systems are also present and could be negotiated into the contract. This property presents opportunities for investors and entrepreneurs.

    Financial Insights

    Value Estimation Calculated for Retail

    Conservative
    $1.01M
    NOI $90,872 @ 9.00% cap · cautious / downside scenario
    Moderate
    $1.30M
    NOI $90,872 @ 7.00% cap · market / base-case scenario
    Aggressive
    $1.82M
    NOI $90,872 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Retail

    Component $ $/SF
    Gross rent $134.5k $16.20
    − Vacancy −$4.7k −$0.57
    EGI $129.8k $15.63
    − OpEx −$38.9k −$4.69
    NOI $90.9k $10.94
    8,304 SF · lease $16.20/SF/yr · vacancy 3.50% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Retail
    $1.30M
    $1.14M – $1.51M (±1% cap)
    NOI $90,872 @ 7.0% cap · market cap 7.90%
    Second Best
    Industrial
    $605.6K
    $529.9K – $706.6K (±1% cap)
    NOI $42,393 @ 7.0% cap · market cap 3.69%
    Theoretical Best
    Specialty Retail
    $1.62M
    $1.41M – $1.89M (±1% cap)
    NOI $113,123 @ 7.0% cap · market cap 9.84%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Auto Diagnostics & Repair — 815 16th St N, Great Falls, MT 59401
    • Point S Jerry Noble — 1420 10th Ave N, Great Falls, MT 59401
    • Used Transmissions and Engines — Great Falls, MT 59401
    • SME Gnrtn & Trans Co-Op Inc — Great Falls, MT 59401
    • Fsw — 1005 11th St N, Great Falls, MT 59401

    Location Insight

    • Map
    • Local Demand
    City
    Great Falls
    County
    Cascade
    State
    Montana
    Longitude
    -111.281
    Latitude
    47.5169

    Nearby Similar for Sale

    • $330,000

      Great Falls Triplex Investment Opportunity

      Versatile triplex with income potential and recent upgrades.
      804 19th Street S, Great Falls, MT 59405
      View Details
    • $299,000
      6,000 SF

      Victorian Landmark Multifamily Opportunity

      Iconic Victorian ready for restoration, potential multifamily use.
      624 3rd Avenue N, Great Falls, MT 59401
      View Details
    • $399,000

      Historic Great Falls Duplex

      Up/down duplex with retail potential in historic Great Falls.
      312,314 5th Street NW, Great Falls, MT 59404
      View Details
    • $2,750,000
      91,000 SF

      91,000 SF Great Falls Building

      Prime investment opportunity in the heart of Great Falls, Montana.
      300 Central Ave, Great Falls, MT 59401
      View Details
    • $2,250,000
      15,000 SF

      Downtown Commercial Building with Showroom

      Commercial building in downtown Great Falls with showroom and warehouse.
      201 & 207 2nd Ave South, Great Falls, MT 59405
      View Details
    • $12
      24,759 SF

      Historic Building Loft Office Space

      Restored historic building with industrial charm and modern amenities.
      219 2nd Avenue South, Great Falls, MT 59405
      View Details
    • $2,250,000
      14,940 SF

      Downtown Great Falls Commercial Building

      Commercial building in downtown Great Falls with showroom and warehouse.
      201 & 207 2nd S Avenue, Great Falls, MT 59405
      View Details
    • $37,500

      Garage Unit Near Great Falls Airport

      Conveniently located garage unit near Great Falls International Airport.
      2701 Terminal Drive, Great Falls, MT 59404
      View Details
    • $3,250,000
      41,000 SF

      Downtown Commercial Building and Warehouse

      Commercial building and warehouse in downtown Great Falls, Montana.
      201 & 215 2nd Ave S, Great Falls, MT 59405
      View Details
    • $1,099,000
      12,936 SF

      Great Falls Warehouse/Retail/Shop Space

      Versatile commercial space in Great Falls, Montana. Opportunity Zone.
      815-825 1st N Avenue, Great Falls, MT 59401
      View Details
    • $2,750,000
      91,000 SF

      Great Falls Office Building

      91,000 SF office building in Great Falls, Montana.
      300 Central Ave, Great Falls, MT 59401
      View Details
    • $2,400,000
      6,457 SF

      Restaurant Building and Business ForSale

      Restaurant building and business for sale on 1.233 acres.
      3315 10th S Avenue, Great Falls, MT 59405
      View Details

    FAQs

    What type of property is this?
    Auto shop - 7460 SF shop on 0.62 acres in high-traffic area.
    Where is this auto shop located?
    The property is located at 1021 15th N Street Great Falls, MT.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: High‑traffic location ideal for business exposure.; **Large 7460 sq ft shop** suitable for various business configurations.; **Drive‑through shop doors and fenced back lot** for convenient access and storage.
    (406) 468-9911
    We can help!
    Listing Contact
    Robin McKnight
    Real Estate License ID: RRE-RBS-LIC-17672
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1021 15th N Street, Great Falls, MT 59401
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!