Remodeled Office
For Sale
$374,900
111 N Last Chance Gulch Suite 3c, Helena, MT 59601
Third-floor professional suite with private offices, a reception area, and a conference room overlooking the downtown walking mall.
Property Size1,315 SF
Lot Size0.26 Acres
Price / SF$285.10
Days on Market54
Property Features for 111 N Last Chance Gulch Suite 3c
General Information
Standard status
Active
Size
1,315 SF
Lot size
0.26 Acres
Additional Details
Floor
3
Utilities to Site
Yes
Office Units
1
Building Details
Year Built
1975
Buildings
1
Tenancy
Multi
Listing Agency:
Lemm Real Estate, LLC
Listed By:
David A. Lemm · License #11218
(406) 439-9555
Source:
Mtranchsales
Added: Aug 25
Changed: Oct 10
Last Checked: Oct 7 at 2:19PM
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 Lemm Real Estate, LLC
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Investment Insights
Based on property information with market context.
Suite 3C is a 1,315-square-foot office condominium on the third floor of the Arcade Building. The remodeled interior includes an open reception and seating area, three private offices, a conference office with views toward the downtown walking mall, and a copy and break area. Shared restrooms are located nearby. The building was constructed in 1975 and contains 25 commercial and retail condominium units on an 11,481-square-foot city lot.
The property is positioned on Helena’s Downtown Historic Walking Mall within the Central Business District. Access and parking options include a public garage on the walking mall, off-street parking, and another public garage behind the building. The condominium association handles building maintenance and most common expenses, including power to the unit. City water and sewer serve the property.
The property is positioned on Helena’s Downtown Historic Walking Mall within the Central Business District. Access and parking options include a public garage on the walking mall, off-street parking, and another public garage behind the building. The condominium association handles building maintenance and most common expenses, including power to the unit. City water and sewer serve the property.
Key Highlights
- 1,315‑square‑foot third‑floor office condominium in Suite 3C
- Remodeled layout with open reception, three private offices, conference office, and copy/break area
- Conference office overlooks Helena’s Downtown Historic Walking Mall
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,084
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$281,680
$281.7K
Cap Rate 7%
$201,200
$201.2K
Cap Rate 9%
$156,489
$156.5K
Market Conditions
NOI Build-Up for 1,315 SF
Gross rent
$22.1K $16.80/SF
− Vacancy
−$3.3K −$2.52/SF
EGI
$18.8K $14.28/SF
− OpEx
−$4.7K −$3.57/SF
NOI
$14.1K $10.71/SF
Area
Lewis and Clark County, MT
Vacancy
15.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$281,680
Cap Rate 7%
$201,200
Cap Rate 9%
$156,489
Alternative Uses
Best Use
Office B
$201.2K
$176.1K – $234.7K
NOI $14,084 @ 7.0% cap · market cap 3.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$285.7K
$250.0K – $333.3K
NOI $19,996 @ 7.0% cap · market cap 5.33%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Office units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,807
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office units - Third-floor professional suite with private offices, a reception area, and a conference room overlooking the downtown walking mall.
Where is this office units located?
The property is located at 111 N Last Chance Gulch Suite 3c Helena, MT.
What is the asking price?
The asking price for this property is $374,900.
What are key features of this property?
This property features: 1,315‑square‑foot third‑floor office condominium in Suite 3C; Remodeled layout with open reception, three private offices, conference office, and copy/break area; Conference office overlooks Helena’s Downtown Historic Walking Mall
