Business Condo Retail
1040 Partridge Place 3 & 4 Helena, MT 59602
New
For Sale
Contact for pricing
Two leased retail condo units offer 2,154 square feet and are zoned B-2.
Property Size2,154 SF
Price / SF$231.66
Days on Market5
Property Features for 1040 Partridge Place 3 & 4
General Information
- Standard status
- Active
- Size
- 2,154 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1999
Listing Agency:
Uncommon Ground LLC
Listed By:
Jennifer Williams · License #RRE-RBS-LIC-78966
Source:
Crexi
Added: Jul 21
Changed: Jul 24
Last Checked: Jul 25 at 5:52AM
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 Uncommon Ground LLC
Investment Insights
Based on property information with market context.
This sale offers two retail units within the Partridge Square Business Condominiums: Unit 3 and Unit 4. Together, the units comprise 2,154 square feet and are zoned B-2. The units are currently leased to The Tannery, providing income while still offering the option for an owner-occupant scenario in the future.
The property is located at 1040 Partridge Place in Helena, Montana, and the public remarks indicate it sits across from Target off Montana Ave. The offering also notes excellent parking for employees and clientele.
For a private showing, contact a real estate professional. Please do not approach the tenant or business during business hours; real estate conveys only, and the business does not convey.
The property is located at 1040 Partridge Place in Helena, Montana, and the public remarks indicate it sits across from Target off Montana Ave. The offering also notes excellent parking for employees and clientele.
For a private showing, contact a real estate professional. Please do not approach the tenant or business during business hours; real estate conveys only, and the business does not convey.
Key Highlights
- Two leased retail condominium units (Unit 3 and Unit 4) within Partridge Square Business Condominiums
- Total 2,154 SF combined across Unit 3 & Unit 4
- Units are zoned B‑2
Financial Insights For Retail
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 | $41.4k | $19.20 |
| − Vacancy | −$1.2k | −$0.58 |
| EGI | $40.1k | $18.62 |
| − OpEx | −$12.0k | −$5.59 |
| NOI | $28.1k | $13.04 |
2,154 SF · lease $19.20/SF/yr · vacancy 3.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$401.2K
$351.0K – $468.0K
NOI $28,081 @ 7.0% cap · market cap 5.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$467.9K
$409.4K – $545.9K
NOI $32,755 @ 7.0% cap · market cap 6.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quality Vision Care
Ophthalmologist
Knapp Insurance Agency
Insurance Agency
The Tannery
Tanning Salon
Endurance Chiropractic
Alternative Medicine Practice
Jenet A. Melton, OD
Physician
FAQs
What type of property is this?
Retail space - Two leased retail condo units offer 2,154 square feet and are zoned B-2.
Where is this retail space located?
The property is located at 1040 Partridge Place 3 & 4 Helena, MT.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Two leased retail condominium units (Unit 3 and Unit 4) within Partridge Square Business Condominiums; Total 2,154 SF combined across Unit 3 & Unit 4; Units are zoned B‑2
