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

    116 Dewey Ave Eureka, MT 59917

    View on Map
    Loading data...
    Loading data...
    Loading data...
    Pending
    $199,900

    Prominently located building in Eureka with highway frontage.

    Property size:
    720 SF
    Lot size:
    0.07 Acres

    Property Features for 116 Dewey Ave

    General Information

    Standard status
    Pending
    Size
    720 SF
    Lot size
    0.07 Acres

    Building Details

    Year built
    1920

    We can help!

    Listing Contact
    Charity Waldo
    Source: Exitrealty

    Listing Agency: Engel & Völkers Eureka Listing Agent: Charity Waldo

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

    Learn more

    Overview

    Eureka Retail Building For Sale

    Located in Eureka, this 720-square-foot building offers excellent highway frontage. Currently used as a hair salon, the property presents opportunities for continuing a salon business or establishing a new venture. The building features a front entrance and a convenient side entrance, a bathroom with washer and dryer hookups, and rear parking. This location offers visibility and versatility.
    Location Intelligence

    Current Use by Public Records

    Salon 56 Hair Salon

    Suggested Use

    Building Supply Big Box & Wholesale Store Restaurant Pharmacy Auto Parts Store Hair Salon Gym & Fitness Center Garden Center Nail Salon Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Eureka
    County
    Lincoln
    State
    Montana
    Longitude
    -115.0529275
    Latitude
    48.8795903

    Nearby Similar for Sale

    • New
      $350,000

      Established Organic Market Business Opportunity

      Thriving organic market business for sale in Eureka, Montana.
      355 Us Highway 93 N, Eureka, MT 59917
      View Details
    • $899,900
      4,200 SF

      Versatile Commercial Building in Eureka

      Adaptable commercial building suitable for various business uses.
      657 Us Highway 93 N, Eureka, MT 59917
      View Details
    • $899,900
      1.03 Acres

      Versatile Commercial Building in Eureka

      Adaptable commercial building suitable for various business uses.
      657 Us Highway 93 N, Eureka, MT 59917
      View Details
    • $599,000
      0.23 Acres

      Income-Producing Homes in Eureka, MT

      Three homes on one lot with strong rental history.
      450 6Th Ave E, Eureka, MT 59917
      View Details
    • $1,499,000
      8,466 SF

      Commercial Property in Eureka, Montana

      Well-maintained commercial property with diverse tenant mix in Eureka.
      376 Us Highway 93 N, Eureka, MT 59917
      View Details
    • $185,000
      0.15 Acres

      Luxurious RV Lot with Pond View

      Fully equipped RV lot with clubhouse shed and outdoor entertainment.
      185 Kingfisher Loop, Eureka, MT 59917
      View Details
    • $129,000
      0.12 Acres

      Land near Indian Springs Golf

      RV lot near golf course with amenities and mountain views.
      210 Kingfisher Loop, Eureka, MT 59917
      View Details
    • $700,000
      0.48 Acres

      Eureka Montana Six-Plex Investment Opportunity

      Well-maintained six-plex in Eureka, offering steady rental income.
      575 9 St, Eureka, MT 59917
      View Details
    • $450,000

      Eureka Commercial Property - Highway 93

      Versatile Retail/Office Space, High Visibility
      625 Us Highway 93, Eureka, MT 59917
      View Details
    • $229,000
      720 SF

      Eureka Commercial Building - High Visibility

      Prime Eureka location, versatile space, high traffic.
      116 Dewey Ave, Eureka, MT 59917
      View Details
    • $589,900
      2,232 SF

      Eureka Restaurant - Turnkey Opportunity

      Established eatery, 2232 sq ft, prime location.
      607 3 Ave, Eureka, MT 59917
      View Details
    • $330,000
      0.15 Acres

      Eureka Mixed-Use Commercial Building

      Prime Eureka location, two units, $330,000.
      115 Dewey Ave, Eureka, MT 59917
      View Details

    FAQs

    What type of property is this?
    Retail space - Prominently located building in Eureka with highway frontage.
    Where is this retail space located?
    The property is located at 116 Dewey Ave Eureka, MT.
    What is the asking price?
    The asking price for this property is $199,900.
    What are key features of this property?
    This property features: - Excellent highway frontage for high visibility.; - Versatile space suitable for various business types.; - Currently operating as a hair salon, offering potential for immediate business continuation.
    (406) 212-4237
    Request Owner's contact information
    116 Dewey Ave Eureka, MT 59917
    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.
    116 Dewey Ave
    Eureka, MT 59917
    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
    116 Dewey Ave Eureka, MT 59917
    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
    Charity Waldo
    Real Estate License ID: RRE-BRO-LIC-56701
    (406) 212-4237 (406) 297-6300 (406) 297-7002
    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!