Building Details

Year Built 1970

Listing Agency: Coldwell Banker Commercial Green & Green

Listed By: Michael Michael Joki · License #RRE-RBS-LIC-17180 Show Phone

Source: Clearwaterproperties

Added: Aug 1 Changed: Oct 16 Last Checked: Oct 16 at 7:27AM

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Investment Insights

Based on property information with market context.

This flex property combines functional shop space with finished office and showroom areas. The 2,400 SF garage includes four 12' overhead doors, 14' walls, and clear heights from 20' to 22'. A 1,100 SF mezzanine connects directly to the shop and reaches 10' ceilings at its center. The 1,475 SF showroom, two offices, and two restrooms have updated finishes and a clean professional presentation.

Parking is available along the front and west side of the building, with additional on-street parking. The property sits at 1101 Argyle in Helena, one block west of North Montana Avenue, providing access to main thoroughfares and visibility for clients. Built in 1970, the building offers a combination of industrial, office, and customer-facing areas within one commercial property.

Key Highlights

• 2,400 SF shop area with four 12' overhead doors
• 20' to 22' clear heights and 14' walls in the garage
• 1,100 SF mezzanine with direct shop access

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$71,515

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,430,300 $1.4M

Cap Rate 7%

$1,021,643 $1.0M

Cap Rate 9%

$794,611 $794.6K

What to ask about pricing

Market Conditions

NOI Build-Up for 12,206 SF

Gross rent

$109.9K $9.00/SF

− Vacancy

−$7.7K −$0.63/SF

EGI

$102.2K $8.37/SF

− OpEx

−$30.6K −$2.51/SF

NOI

$71.5K $5.86/SF

Area

Lewis and Clark County, MT

Vacancy

7.00%

Lease Rate

$9.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,430,300

Cap Rate 7%

$1,021,643

Cap Rate 9%

$794,611

Alternative Uses

Best Use

Retail

$2.27M

$1.99M – $2.65M (±1% cap)

NOI $159,127 @ 7.0% cap · market cap 2,464.03%

Second Best

Office B

$1.87M

$1.63M – $2.18M (±1% cap)

NOI $130,726 @ 7.0% cap · market cap 2,024.25%

Theoretical Best

Office A

$2.65M

$2.32M – $3.09M (±1% cap)

NOI $185,609 @ 7.0% cap · market cap 2,874.09%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Eagle Tire (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Garden Center HVAC Service Grocery & Convenience Store Food Market Electrical Service Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,089

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 59601, MT

30,848

Population

15,937

Households

1.9

Avg Household Size

41

Median Age

51%

College-Educated

96%

High-School Grad

130.2 sq mi

ZIP Area

237

Density / Sq Mi

$70,502

Median Household Income

$44,000

Median Earnings

$1,023

Median Rent

$355,000

Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Updated commercial building combining garage, mezzanine, showroom, offices, restrooms, and on-site parking.

Where is this flex space located?

The property is located at 1101 Argyle Helena, MT.

What are key features of this property?

This property features: 2,400 SF shop area with four 12' overhead doors; 20' to 22' clear heights and 14' walls in the garage; 1,100 SF mezzanine with direct shop access