Modern Mixed-Use Commercial
112 3rd Avenue Laurel, MT 59044
112 3rd Avenue, Laurel, MT, 59044
$198,000
For Sale
$198,000
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 Market29
Property Features for 112 3rd Avenue
General Information
- Standard status
- Active
- Size
- 625 SF
- Property subtype
- Office - General Office
Listing agency
NAI Business Properties
(406) 671-1158
Listed by
Matt Robertson, SIOR
Source
Commercialcafe
Added: Jun 23 Updated: Jul 20 at 4:36PM Checked: Jul 21 at 4:01AM
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
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
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $11.3k | $18.00 |
| − Vacancy | −$1.7k | −$2.70 |
| EGI | $9.6k | $15.30 |
| − OpEx | −$2.4k | −$3.82 |
| NOI | $7.2k | $11.48 |
625 SF · lease $18.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$102.5K
$89.7K – $119.5K
NOI $7,172 @ 7.0% cap · market cap 3.62%
Second Best
Retail
$85.5K
$74.8K – $99.8K
NOI $5,985 @ 7.0% cap · market cap 3.02%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Ark Home Loans ...
Loan Service
Lori's Lemonade Stand
Clothing & Fashion Store
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FAQs
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
