High-Traffic Shop on 0.62
1021 15th N Street Great Falls, MT 59401
For Sale
$1,150,000
7460 SF shop on 0.62 acres in high-traffic area.
Property Size8,304 SF
Lot Size0.62 Acres
Price / SF$138.49
Days on Market649
Property Features for 1021 15th N Street
General Information
- Standard status
- Active
- Size
- 8,304 SF
- Lot size
- 0.62 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1973
Listing Agency:
Montana's Best Realty
(406) 899-0857
Listed By:
Robin McKnight · License #RRE-RBS-LIC-17672
(406) 899-0857
Source:
Exitrealty
Added: Oct 16, 2024
Changed: Jul 6
Last Checked: May 19 at 9:44PM
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 Montana's Best Realty
Investment Insights
Based on property information with market context.
Located in a high-traffic area, this 0.62-acre property features a 7460 square foot shop with drive-through doors leading to a fenced back lot. The property previously housed an auto body and mechanic business. The building includes an updated and air-conditioned office space, along with an adjoining reception area. The shop is equipped with multiple heaters, including one oil burner, two hoists, and a 15-horsepower compressor. A down-draft paint booth and two air filtration systems are also present and could be negotiated into the contract. This property presents opportunities for investors and entrepreneurs.
Key Highlights
- High‑traffic location ideal for business exposure.
- Large 7460 sq ft shop suitable for various business configurations.
- Drive‑through shop doors and fenced back lot for convenient access and storage.
Financial Insights For Retail
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 | $134.5k | $16.20 |
| − Vacancy | −$4.7k | −$0.57 |
| EGI | $129.8k | $15.63 |
| − OpEx | −$38.9k | −$4.69 |
| NOI | $90.9k | $10.94 |
8,304 SF · lease $16.20/SF/yr · vacancy 3.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.30M
$1.14M – $1.51M
NOI $90,872 @ 7.0% cap · market cap 7.90%
Second Best
Industrial
$605.6K
$529.9K – $706.6K
NOI $42,393 @ 7.0% cap · market cap 3.69%
Theoretical Best
Specialty Retail
$1.62M
$1.41M – $1.89M
NOI $113,123 @ 7.0% cap · market cap 9.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Auto shops
Similar Off Market Nearby
- Auto Diagnostics & Repair — 815 16th St N, Great Falls, MT 59401
- Point S Jerry Noble — 1420 10th Ave N, Great Falls, MT 59401
- 9th St. Lube Quaker state — 215 9th St N, Great Falls, MT 59401
- Used Transmissions and Engines — Great Falls, MT 59401
- Fsw — 1005 11th St N, Great Falls, MT 59401
FAQs
What type of property is this?
Auto shop - 7460 SF shop on 0.62 acres in high-traffic area.
Where is this auto shop located?
The property is located at 1021 15th N Street Great Falls, MT.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: High‑traffic location ideal for business exposure.; **Large 7460 sq ft shop** suitable for various business configurations.; **Drive‑through shop doors and fenced back lot** for convenient access and storage.
