Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • 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

    615 Missoula Ave, Unit 3 Missoula, MT 59801

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2,100 /Mo

    Main level office space in Missoula's desirable Riverfront neighborhood.

    Property size:
    18 SF
    Lot size:
    18 SF

    Property Features for 615 Missoula Ave

    General Information

    Size
    18 SF

    Building Details

    Year built
    1915

    We can help!

    Listing Contact
    Purewest Real Estate
    Source: Commercial.purewestrealestate

    Listing Agent: Purewest Real Estate

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

    Learn more

    Property Insight Report

    Overview

    Riverfront Office Space for Lease

    Located in Missoula's Riverfront neighborhood, this office space offers access to downtown amenities. The property consists of one large room on the main level and features ADA access. The location provides accessibility for clients and employees and is near Missoula's downtown core. The leasable space is 1240 square feet. The gross lease is $2,100 per month, with the tenant responsible for internet services.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Law Firm Realty agency Dental Office Wholesale Shop Building Supply Spa & Massage Hotel & Motel Auto Parts Store Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Missoula
    County
    Missoula
    State
    Montana
    Longitude
    -115.8928725
    Latitude
    48.4590599

    Nearby Similar for Lease

    • $25 SF/Yr
      81,457 SF

      Missoula Commercial Space For Lease

      Prime commercial space available in The Vista, Missoula, Montana.
      6995 Linda Vis Blvd Unit, Missoula, MT 59803
      View Details
    • $26 SF/Yr

      Class A Office Space Available

      Class A office space in downtown Missoula's iconic First Interstate
      101 E Front St, Missoula, MT 59802
      View Details
    • $1,495 /Mo

      Russell Street Commercial Space Available

      Prime commercial space with high visibility on Russell Street.
      1900 Russell St, Missoula, MT 59801
      View Details
    • $2,200 /Mo
      43,560 SF

      Efficient Office Space Available

      Ground floor office space with parking in Missoula, Montana.
      4718 23Rd Ave, Missoula, MT 59803
      View Details
    • $25 SF/Yr
      3,528 SF

      Downtown Missoula Commercial Space

      Prime commercial space in the heart of downtown Missoula.
      207 E Main St, Missoula, MT 59802
      View Details
    • $25 SF/Yr
      3,528 SF

      Downtown Missoula Commercial Space

      Prime commercial space in the heart of downtown Missoula.
      207 E Main St, Missoula, MT 59802
      View Details
    • $25 SF/Yr

      Class A Office Space

      Prestigious office space in downtown Missoula with river views.
      101 E Front St, Missoula, MT 59802
      View Details
    • $395 /Mo
      6,098 SF

      Affordable Office Space in Missoula

      Prime central location with all utilities included.
      1008 South Ave W, Missoula, MT 59801
      View Details
    • $1,025 /Mo
      22,216 SF

      Missoula Office Space For Lease

      Centrally located second-floor office space in Missoula, Montana.
      1018 Burlington Ave, Missoula, MT 59801
      View Details
    • $3,200 /Mo
      4,008 SF

      Versatile Commercial Space in Midtown

      3,840 sq ft commercial space in central Midtown Missoula.
      1914 North Ave W, Missoula, MT 59801
      View Details
    • $5,670 /Mo

      Downtown Missoula Office Space For Lease

      Prime commercial office space in downtown Missoula near Caras Park.
      269 W Front St, Missoula, MT 59802
      View Details
    • $1,600 /Mo
      1,481 SF

      Missoula Office/Warehouse Unit For Lease

      Office/warehouse unit in North Reserve Business Center available for lease.
      2825 Stockyard Rd, Missoula, MT 59808
      View Details

    FAQs

    What type of property is this?
    Office space - Main level office space in Missoula's desirable Riverfront neighborhood.
    Where is this office space located?
    The property is located at 615 Missoula Ave, Unit 3 Missoula, MT.
    What is the lease rate?
    The lease rate is $1,400 /Mo.
    What are key features of this property?
    This property features: - Prime location in Missoula's desirable Riverfront neighborhood.; - Exceptional access to downtown amenities.; - Large, open office space (1240 SF).
    (406) 885-6987
    Request Owner's contact information
    615 Missoula Ave, Unit 3 Missoula, MT 59801
    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.
    615 Missoula Ave, Unit 3
    Missoula, MT 59801
    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
    615 Missoula Ave, Unit 3 Missoula, MT 59801
    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
    Purewest Real Estate
    (406) 885-6987
    Learn more
    Google sign-in failed. Please try again or use another login method.