Missoula Warehouse with Cold
For Sale
Contact for pricing
5625 Expressway, Missoula, MT
Warehouse with office, cold storage, solar panels, and city utilities.
Property Size28,965 SF
Lot Size1.52 Acres
Price / SF$191.61
Days on Market555
Property Features for 5625 Expressway
General Information
Standard status
Active
Size
28,965 SF
Lot size
1.52 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Sterling CRE Advisors
(406) 360-3102
Listed By:
Claire Matten, CCIM/SIOR · License #90048
(406) 360-3102
Source:
Moodyscre
Added: Feb 12, 2025
Changed: Aug 8
Last Checked: Aug 8 at 12:23PM
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 Sterling CRE Advisors
Investment Insights
Based on property information with market context.
This property features a fully sprinkled warehouse with solar panels and a multi-zoned HVAC system. The building includes approximately 5,089 square feet of office space, approximately 3,655 square feet of cold storage, and approximately 19,614 square feet of warehouse space, totaling 28,965 square feet. City water and sewer services are available, along with 3-phase power.
Key Highlights
- ±19,614 SF Warehouse
- Benefit from ±3,655 Cold Storage
- Equipped with Solar Panels
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
$255,499
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
4.60%
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%
$5,109,980
$5.1M
Cap Rate 7%
$3,649,986
$3.6M
Cap Rate 9%
$2,838,878
$2.8M
Market Conditions
NOI Build-Up for 28,965 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
$319.8K $11.04/SF
− Vacancy
−$19.2K −$0.66/SF
EGI
$300.6K $10.38/SF
− OpEx
−$45.1K −$1.56/SF
NOI
$255.5K $8.82/SF
Area
Missoula County, MT
Vacancy
6.00%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
15.00%
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%
$5,109,980
Cap Rate 7%
$3,649,986
Cap Rate 9%
$2,838,878
Alternative Uses
Best Use
Warehouse
$3.65M
$3.19M – $4.26M
NOI $255,499 @ 7.0% cap · market cap 4.60%
Second Best
Industrial
$3.01M
$2.63M – $3.51M
NOI $210,411 @ 7.0% cap · market cap 3.79%
Theoretical Best
Specialty Retail
$8.35M
$7.31M – $9.74M
NOI $584,586 @ 7.0% cap · market cap 10.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
228
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Cheap Charley's Mini Storage — 6400 Kestrel Ct, Missoula, MT 59808
- All Star Self Storage — 4645 Harlequin Ct, Missoula, MT 59808
- Mr. T's Self Storage — 5075 Expressway, Missoula, MT 59808
- AutoConcierge — 5744 W Harrier, Missoula, MT 59808
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse with office, cold storage, solar panels, and city utilities.
Where is this warehouse located?
The property is located at 5625 Expressway Missoula, MT.
What is the asking price?
The asking price for this property is $5,550,000.
What are key features of this property?
This property features: ±19,614 SF Warehouse; Benefit from ±3,655 Cold Storage; Equipped with Solar Panels
