Modern Mixed-Use Commercial
For Sale
$198,000
112 3rd Avenue, Laurel, MT 59044
Built in 2021, this downtown Laurel building offers large windows and a flexible layout for office or retail use.
Property Size625 SF
Price / SF$316.80
Days on Market120
Property Features for 112 3rd Avenue
General Information
Standard status
Active
Size
625 SF
Class
A
Property subtype
Multi Tenant Office
Additional Details
Highway Access
Yes
Building Details
Building Size
625 SF
Year Built
2021
Listing Agency:
NAI Business Properties
Listed By:
Matt Robertson
(406) 671-1158
Source:
Thebrokerlist
Added: Jun 23
Changed: Oct 15
Last Checked: Oct 19 at 3:12AM
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 NAI Business Properties
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Investment Insights
Based on property information with market context.
Located in downtown Laurel, Montana, 112 3rd Avenue is a newer commercial building built in 2021. The exterior features contemporary wood and stone finishes with black metal accents, along with a prominent entrance designed to support a professional appearance.
Large windows provide natural light throughout the interior, and the building’s efficient layout is intended for a range of commercial uses, including office, retail, wellness, salon, or professional services. The property is described as move-in-ready with low-maintenance, modern construction.
With a versatile interior configuration and a central downtown setting, the building offers a practical option for an owner-operator or a tenant seeking a newer commercial space in Laurel.
Large windows provide natural light throughout the interior, and the building’s efficient layout is intended for a range of commercial uses, including office, retail, wellness, salon, or professional services. The property is described as move-in-ready with low-maintenance, modern construction.
With a versatile interior configuration and a central downtown setting, the building offers a practical option for an owner-operator or a tenant seeking a newer commercial space in Laurel.
Key Highlights
- Built in 2021: 1,625 SF commercial building in downtown Laurel, MT
- Large windows throughout for abundant natural light
- Flexible interior layout suitable for office, retail, wellness, salon, or professional service use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,172
Cap Rate
3.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$143,440
$143.4K
Cap Rate 7%
$102,457
$102.5K
Cap Rate 9%
$79,689
$79.7K
Market Conditions
NOI Build-Up for 625 SF
Gross rent
$11.3K $18.00/SF
− Vacancy
−$1.7K −$2.70/SF
EGI
$9.6K $15.30/SF
− OpEx
−$2.4K −$3.82/SF
NOI
$7.2K $11.48/SF
Area
Yellowstone County, MT
Vacancy
15.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$143,440
Cap Rate 7%
$102,457
Cap Rate 9%
$79,689
Alternative Uses
Best Use
Office B
$102.5K
$89.7K – $119.5K
NOI $7,172 @ 7.0% cap · market cap 3.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$135.8K
$118.8K – $158.4K
NOI $9,504 @ 7.0% cap · market cap 4.80%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
457
Businesses Nearby
Explore this area
Business Placement
Demographics for 59044, MT
12,099
Population
5,247
Households
2.3
Avg Household Size
41
Median Age
27%
College-Educated
95%
High-School Grad
175.1 sq mi
ZIP Area
69
Density / Sq Mi
$86,011
Median Household Income
$40,535
Median Earnings
$983
Median Rent
$317,200
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 building - Built in 2021, this downtown Laurel building offers large windows and a flexible layout for office or retail use.
Where is this office building located?
The property is located at 112 3rd Avenue Laurel, MT.
What is the asking price?
The asking price for this property is $198,000.
What are key features of this property?
This property features: Built in 2021: 1,625 SF commercial building in downtown Laurel, MT; Large windows throughout for abundant natural light; Flexible interior layout suitable for office, retail, wellness, salon, or professional service use
