Office Building with Wood
For Sale
Contact for pricing
113 E Main St, Laurel, MT 59044
Bright, freshly painted interior with wood flooring and custom wood-paneled walls in a flexible downtown office setting.
Property Size2,250 SF
Price / SF$122.22
Days on Market18
Property Features for 113 E Main St
General Information
Standard status
Active
Size
2,250 SF
Property subtype
OFFICE
Additional Details
Road Access
Yes
Listing Agency:
Coldwell Banker Commercial CBS
(406) 861-4742
Listed By:
Erik Caseres
(406) 861-4742
Source:
Moodyscre
Added: Jul 24
Changed: Jul 30
Last Checked: Jul 30 at 2:02PM
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 Coldwell Banker Commercial CBS
Investment Insights
Based on property information with market context.
Position your business at 113 E Main St in Laurel with this highly visible office building with office/retail flexibility. The space is set up with wood flooring, custom wood-paneled walls, and a bright, welcoming interior supported by excellent lighting throughout.
Fresh paint helps create a clean, professional environment that’s ready for immediate occupancy while still allowing room for customization to fit your specific needs. At 2,250 SF, the building can accommodate a range of office-oriented uses where strong street presence matters.
If you’re looking for a downtown address with an attractive interior finish and a layout that supports both office and retail-style functions, this property offers a practical foundation to build from.
Fresh paint helps create a clean, professional environment that’s ready for immediate occupancy while still allowing room for customization to fit your specific needs. At 2,250 SF, the building can accommodate a range of office-oriented uses where strong street presence matters.
If you’re looking for a downtown address with an attractive interior finish and a layout that supports both office and retail-style functions, this property offers a practical foundation to build from.
Key Highlights
- 2,250 SF office building at 113 E Main St, Laurel, MT
- Wood flooring throughout
- Custom wood‑paneled walls
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,546
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$430,920
$430.9K
Cap Rate 7%
$307,800
$307.8K
Cap Rate 9%
$239,400
$239.4K
Market Conditions
NOI Build-Up for 2,250 SF
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.
Gross rent
$32.4K $14.40/SF
− Vacancy
−$1.6K −$0.72/SF
EGI
$30.8K $13.68/SF
− OpEx
−$9.2K −$4.10/SF
NOI
$21.5K $9.58/SF
Area
Yellowstone County, MT
Vacancy
5.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$430,920
Cap Rate 7%
$307,800
Cap Rate 9%
$239,400
Alternative Uses
Best Use
Office B
$368.8K
$322.7K – $430.3K
NOI $25,819 @ 7.0% cap · market cap 9.39%
Second Best
Retail
$307.8K
$269.3K – $359.1K
NOI $21,546 @ 7.0% cap · market cap 7.83%
Theoretical Best
Office A
$488.8K
$427.7K – $570.2K
NOI $34,214 @ 7.0% cap · market cap 12.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
487
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Bright, freshly painted interior with wood flooring and custom wood-paneled walls in a flexible downtown office setting.
Where is this office building located?
The property is located at 113 E Main St Laurel, MT.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 2,250 SF office building at 113 E Main St, Laurel, MT; Wood flooring throughout; Custom wood‑paneled walls
