Two-Story Flex Building For
1531 National Ave Helena, MT 59601
1531 National Ave, Helena, MT, 59601
$999,000
For Sale
$999,000
Two-story, 14,338 SF flex building with recent significant improvements.
Property Size14,338 SF
Price / SF$69.67
Days on Market104
Property Features for 1531 National Ave
General Information
- Standard status
- Active
- Size
- 14,338 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1885
Listing Agency
Coldwell Banker Commercial Green & Green
(406) 916-2259
Listed by
Mark Runde · License #RBS
(406) 916-2259
Source
Cbcworldwide
Added: Apr 7 Checked: Jul 13 at 2:42 am
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 Coldwell Banker Commercial Green & Green
Investment Insights
Based on property information with market context.
This two-story open-span flex building, originally constructed in 1885, is available for sale. Following a fire in 2015, the building underwent significant improvements, including new electrical panels and fixtures, blown-in attic insulation, a metal roof, a drywall ceiling, and structural reinforcements per engineering guidelines. The property, totaling approximately 14,338 square feet, features stone walls, tall ceilings, and timber beams, making it suitable for various uses such as a retail store, artisan shop, or art studio. A freight elevator provides access to the main floor and basement. The main floor, previously used for retail, has 11-foot ceilings and an open layout. The basement level, previously used for woodworking, features 9-foot ceilings, a fire suppression system, and a sump pump. An asphalt drive-up parking lot provides direct ground-level access to the building. The property is located in central Helena’s Grand Avenue Addition.
Key Highlights
- Expansive 14,338 sq ft open‑span flex building, ideal for retail, artisan shops, or art studios.
- Substantial renovations completed post‑2015 fire, featuring new electrical, insulation, metal roof, drywall ceiling, and structural reinforcements.
- Notable features include stone walls, tall ceilings (11' on main floor, 9' in basement), and timber beams.
Local Financial Insights For Industrial
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 | $129.0k | $9.00 |
| − Vacancy | −$9.0k | −$0.63 |
| EGI | $120.0k | $8.37 |
| − OpEx | −$36.0k | −$2.51 |
| NOI | $84.0k | $5.86 |
14,338 SF · lease $9.00/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$1.84M
$1.61M – $2.14M
NOI $128,612 @ 7.0% cap · market cap 12.87%
Second Best
Industrial
$1.20M
$1.05M – $1.40M
NOI $84,006 @ 7.0% cap · market cap 8.41%
Theoretical Best
Office A
$3.11M
$2.73M – $3.63M
NOI $218,029 @ 7.0% cap · market cap 21.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Chili O'Briens Catering — 2605 N Roberts St, Helena, MT 59601
- Rockstarr BBQ — 2125 N Last Chance Gulch Suite 2, Helena, MT 59601
- Marci's Catering — 1710 national ave, helena, mt 59601
FAQs
What type of property is this?
Flex space - Two-story, 14,338 SF flex building with recent significant improvements.
Where is this flex space located?
The property is located at 1531 National Ave Helena, MT.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Expansive 14,338 sq ft open‑span flex building, ideal for retail, artisan shops, or art studios.; Substantial renovations completed post‑2015 fire, featuring new electrical, insulation, metal roof, drywall ceiling, and structural reinforcements.; Notable features include stone walls, tall ceilings (11' on main floor, 9' in basement), and timber beams.
