Broadway Mixed-Use Commercial
For Sale
$555,000
414 W Broadway Street, Missoula, MT 59802
Mixed-use building with office space and residential rental unit.
Property Size3,615 SF
Price / SF$153.53
Days on Market142
Property Features for 414 W Broadway Street
General Information
Standard status
Active
Size
3,615 SF
Zoning
C1-4
Building Details
Building Size
3,615 SF
Year Built
1950
Listing Agency:
PureWest Real Estate - Missoula
(406) 640-1279
Listed By:
David Wells
(406) 640-1279
Source:
Purewestrealestate
Added: Apr 8
Changed: Aug 25
Last Checked: Aug 26 at 5:24AM
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 PureWest Real Estate - Missoula
Investment Insights
Based on property information with market context.
This mixed-use commercial building on Broadway is currently configured as office space with a rental unit upstairs. The commercial space encompasses 1439 square feet and features a walk-in front desk, multiple offices and storage rooms, a kitchenette, and bathrooms. The upstairs rental unit is a 2-bedroom apartment with 1412 square feet. An unfinished basement space of 764 square feet provides additional storage. Parking includes 6 spaces, with 1 handicap space in the back, as well as street parking. The property is well-suited for a variety of business ventures due to its high-traffic location.
Key Highlights
- High‑traffic location on Broadway suitable for various business ventures
- Mixed‑use commercial building with both office and residential rental income potential
- 1439 sq ft of office space featuring a front desk, multiple offices/storage, kitchenette, and bathrooms
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
$42,133
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
7.59%
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%
$842,660
$842.7K
Cap Rate 7%
$601,900
$601.9K
Cap Rate 9%
$468,144
$468.1K
Market Conditions
NOI Build-Up for 3,615 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
$75.9K $21.00/SF
− Vacancy
−$19.7K −$5.46/SF
EGI
$56.2K $15.54/SF
− OpEx
−$14.0K −$3.89/SF
NOI
$42.1K $11.66/SF
Area
Missoula County, MT
Vacancy
26.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
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%
$842,660
Cap Rate 7%
$601,900
Cap Rate 9%
$468,144
Alternative Uses
Best Use
Office B
$601.9K
$526.7K – $702.2K
NOI $42,133 @ 7.0% cap · market cap 7.59%
Second Best
Apartment 5plus
$551.3K
$482.4K – $643.2K
NOI $38,591 @ 7.0% cap · market cap 6.95%
Theoretical Best
Specialty Retail
$1.04M
$912.0K – $1.22M
NOI $72,960 @ 7.0% cap · market cap 13.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
118
Businesses Nearby
Explore this area
Business Placement
Demographics for 59802, MT
19,892
Population
10,416
Households
1.9
Avg Household Size
37
Median Age
52%
College-Educated
96%
High-School Grad
45.4 sq mi
ZIP Area
438
Density / Sq Mi
$65,054
Median Household Income
$36,541
Median Earnings
$1,021
Median Rent
$420,200
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with office space and residential rental unit.
Where is this mixed-use property located?
The property is located at 414 W Broadway Street Missoula, MT.
What is the asking price?
The asking price for this property is $555,000.
What are key features of this property?
This property features: High‑traffic location on Broadway suitable for various business ventures; Mixed‑use commercial building with both office and residential rental income potential; 1439 sq ft of office space featuring a front desk, multiple offices/storage, kitchenette, and bathrooms
