Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    502 W Custer Ave Helena, MT 59602

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $529,000

    Well-maintained building ideal for coworking or preschool, turnkey investment.

    Lot size:
    23.00 Acres

    Property Features for 502 W Custer Ave

    General Information

    Lot size
    23.00 Acres

    Building Details

    Year built
    1964

    We can help!

    Listing Contact
    Greg Zeller
    Source: Cbcworldwide

    Listing Agent: Greg Zeller

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Professional Building with Flexible Floorplan

    This professional and well-maintained building features a flexible floor plan suitable for coworking and is currently used as a preschool with four private offices. The property, which once served as a private residence, is situated along a high-traffic street near a traffic light, providing convenient access. Its location offers proximity to retail shops, restaurants, schools, and Bill Roberts Golf Course, and is approximately 2 miles from Downtown Helena. The property is presented as a turnkey investment opportunity. The yard is well-cared for and includes an underground sprinkler system. The property size is 2 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bruce Swinney & Associates Real Estate Agency The Wiggle Room High School

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Helena
    County
    Lewis and Clark
    State
    Montana
    Longitude
    -112.0360669
    Latitude
    46.6168343

    Nearby Similar for Sale

    • $675,000
      1,751 SF

      Mixed-Use Property with Large Shop

      One-level home with shop near Helena, offering business potential.
      3660 N Montana Ave, Helena, MT 59602
      View Details
    • New
      $670,000
      0.16 Acres

      Helena, MT Four-Plex Investment

      Fully occupied four-plex with long-term renters in Helena, Montana.
      421 E 15Th St, Helena, MT 59601
      View Details
    • $450,000
      0.19 Acres

      Helena Duplex with 3-Car Garage

      Well-maintained duplex in central Helena, ideal for investment or multi-generational living.
      410 S Montana Ave, Helena, MT 59601
      View Details
    • $650,000
      0.24 Acres

      Helena Multifamily Investment Opportunity

      Six-unit multifamily property in central Helena, convenient location.
      804 Logan St, Helena, MT 59601
      View Details
    • $375,000
      0.11 Acres

      Helena Duplex in Downtown Area

      Income-generating duplex in downtown Helena with two units.
      619 E Broadway St, Helena, MT 59601
      View Details
    • New
      $850,000
      20.35 Acres

      Helena, MT Ranch Retreat

      20-acre retreat with valley views and rental potential.
      7980 Wild Rose Ln, Helena, MT 59602
      View Details
    • $595,000
      3,800 SF

      Mixed-Use Property with Income Potential

      Three buildings: house, apartment, and office space on large lot.
      5530 N Montana Ave, Helena, MT 59602
      View Details
    • $725,000

      Queen City Exxon C-Store

      Prime c-store with high traffic and growth prospects.
      1721 Cedar St, Helena, MT 59601
      View Details
    • $735,000

      Helena Office Building For Sale

      Office building with federal lease and long-term tenancy.
      790 Colleen St, Helena, MT 59601
      View Details
    • $425,000
      2,880 SF

      Industrial Building with Fenced Wareyard

      2,880 SF steel building with shop and office space.
      3109 Bozeman Ave, Helena, MT 59601
      View Details
    • $750,000
      3,230 SF

      Established Convenience Stores Business Opportunity

      Two established convenience stores with strong sales and loyal customer base.
      615 Helena Ave, Helena, MT 59601
      View Details
    • $1,095,000
      3,175 SF

      Medical Office Condo For Sale

      3,175 SF medical office condo in South Hills medical district.
      2480 Tracy Dr, Helena, MT 59601
      View Details

    FAQs

    What type of property is this?
    Office building - Well-maintained building ideal for coworking or preschool, turnkey investment.
    Where is this office building located?
    The property is located at 502 W Custer Ave Helena, MT.
    What is the asking price?
    The asking price for this property is $529,000.
    What are key features of this property?
    This property features: - Steady income potential as a turnkey investment property.; - High visibility location on a high-traffic street near a traffic light.; - Flexible floor plan suitable for coworking or other uses (currently a preschool).
    Request Owner's contact information
    502 W Custer Ave Helena, MT 59602
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    502 W Custer Ave
    Helena, MT 59602
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    502 W Custer Ave Helena, MT 59602
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Greg Zeller
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!