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    Historic Commercial Building in Harlowton Title is generated by Realmo AI

    11 Central Avenue N, Harlowton, MT 59036

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    Two-story, 4,151 sq ft commercial building in downtown Harlowton.

    Type:Mixed Use
    Property size:
    4,151 SF
    Price / SF:
    $156/SF
    Added:
    May 12, 2026
    Days on Market:
    20
    Last Refresh:
    May 14 at 9:34 pm

    Property Features for 11 Central Avenue N

    General Information

    Standard status
    Active
    Size
    4,151 SF
    Property subtype
    Mixed Use

    Building Details

    Year Built
    1909

    We can help!

    Listing Contact
    Shonna Ruble
    Shonna Ruble

    Listing agent Shonna Ruble License #RRE-BRO-LIC-39364

    Listing office Freedom Real Estate

    Listing date May 12, 2026

    Source Crexi

    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 Freedom Real Estate

    HighLights

    • Prime central location in the heart of downtown Harlowton with excellent visibility and strong local traffic.
    • Spacious 4,100+ sq ft commercial building with a well‑maintained main level.
    • Upper level offers endless potential for expansion, office space, storage, event space, or redevelopment.
    • Historic charm combined with functional commercial space.
    • Convenient access along Central Avenue.
    • Long‑standing presence in the community (built in 1909).

    Overview

    Located in downtown Harlowton, this historic two-story commercial building offers over 4,100 sq ft of space. The well-maintained property features a spacious main level and an additional upstairs area with redevelopment possibilities. The upper level can be used for expansion, office space, storage, or event space. The property combines historic charm with functional commercial space. Situated along Central Avenue, the building benefits from easy access and local traffic. This versatile commercial building is located in Eastern Montana.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Map

    City
    Harlowton
    County
    Wheatland
    State
    Montana
    Longitude
    -109.833
    Latitude
    46.4361

    Nearby Similar for Sale

    • $650,000
      4,151 SF

      Historic Commercial Building in Harlowton

      Two-story, 4,100+ sq ft commercial building in downtown Harlowton.
      11 Central Avenue N, Harlowton, MT 59036
      View Details
    • $2,800,000

      Established Grocery and Retail Business

      Community-centered grocery and retail business in Harlowton, Montana.
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    FAQs

    What type of property is this?
    Mixed-use property - Two-story, 4,151 sq ft commercial building in downtown Harlowton.
    Where is this mixed-use property located?
    The property is located at 11 Central Avenue N Harlowton, MT.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Prime central location in the heart of downtown Harlowton with excellent visibility and strong local traffic.; Spacious 4,100+ sq ft commercial building with a well‑maintained main level.; Upper level offers endless potential for expansion, office space, storage, event space, or redevelopment.
    (406) 591-6519 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Shonna Ruble
    Shonna Ruble
    Real Estate License ID: RRE-BRO-LIC-39364
    Learn More
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    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
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