Office Condominium with Flexible
For Sale
Contact for pricing
1055 West Sussex Ave, Missoula, MT 59801
Two-room office suite includes a bathroom, kitchenette, and natural light for adaptable professional use.
Property Size983 SF
Price / SF$355.04
Days on Market14
Property Features for 1055 West Sussex Ave
General Information
Standard status
Active
Size
983 SF
Property subtype
OFFICE
Additional Details
Road Access
Yes
Listing Agency:
Sterling CRE Advisors
(406) 360-3102
Listed By:
Claire Matten, CCIM/SIOR · License #90048
(406) 360-3102
Source:
Moodyscre
Added: Jul 30
Changed: Aug 2
Last Checked: Aug 11 at 10:35AM
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 Sterling CRE Advisors
Investment Insights
Based on property information with market context.
This 983-square-foot office condominium provides a practical commercial setting with two primary rooms, a bathroom, and a kitchenette. The rooms can be arranged as open work areas or enclosed offices, while natural light contributes to a bright interior. The layout can be adjusted for professional or creative operations.
The property is identified in Missoula Midtown, near the Brooks and Russell Street intersection, where reported traffic exceeds 26,000 vehicles daily. Walgreens, Starbucks, and Tremper’s Shopping Center are within walking distance, providing nearby retail, dining, and service amenities. The surrounding area combines residential, commercial, and retail development with access to schools, neighborhoods, and major roadways.
The property is identified in Missoula Midtown, near the Brooks and Russell Street intersection, where reported traffic exceeds 26,000 vehicles daily. Walgreens, Starbucks, and Tremper’s Shopping Center are within walking distance, providing nearby retail, dining, and service amenities. The surrounding area combines residential, commercial, and retail development with access to schools, neighborhoods, and major roadways.
Key Highlights
- 983‑square‑foot office condominium
- Two main rooms suitable for open work areas or private offices
- Bathroom and kitchenette included
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
$11,457
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
3.28%
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%
$229,140
$229.1K
Cap Rate 7%
$163,671
$163.7K
Cap Rate 9%
$127,300
$127.3K
Market Conditions
NOI Build-Up for 983 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
$20.6K $21.00/SF
− Vacancy
−$5.4K −$5.46/SF
EGI
$15.3K $15.54/SF
− OpEx
−$3.8K −$3.89/SF
NOI
$11.5K $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 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%
$229,140
Cap Rate 7%
$163,671
Cap Rate 9%
$127,300
Alternative Uses
Best Use
Office B
$163.7K
$143.2K – $191.0K
NOI $11,457 @ 7.0% cap · market cap 3.28%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$283.4K
$248.0K – $330.7K
NOI $19,839 @ 7.0% cap · market cap 5.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,755
Businesses Nearby
Explore this area
Business Placement
Demographics for 59801, MT
30,629
Population
15,814
Households
1.9
Avg Household Size
34
Median Age
51%
College-Educated
97%
High-School Grad
7.7 sq mi
ZIP Area
3,978
Density / Sq Mi
$55,022
Median Household Income
$34,320
Median Earnings
$1,086
Median Rent
$393,400
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?
Office units - Two-room office suite includes a bathroom, kitchenette, and natural light for adaptable professional use.
Where is this office units located?
The property is located at 1055 West Sussex Ave Missoula, MT.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 983‑square‑foot office condominium; Two main rooms suitable for open work areas or private offices; Bathroom and kitchenette included
