Airport Car Condo Storage
2701 Terminal Drive #18 Great Falls, MT 59404
New
For Sale
$37,500
Built in 2003, this car condo unit includes a garage door and electric outlet for battery maintenance.
Property Size247 SF
Price / SF$151.82
Days on Market5
Property Features for 2701 Terminal Drive #18
General Information
- Standard status
- Active
- Size
- 247 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2003
Listing Agency:
Gillespie Agency
(406) 761-0001
Listed By:
Steve Gillespie
(406) 761-0001
Source:
Missionvalleyproperties
Added: Jul 22
Last Checked: Jul 24 at 4:28PM
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 Gillespie Agency
Investment Insights
Based on property information with market context.
This for-sale airport car condo storage unit was built in 2003 and is sized at approximately 21.5' by 11.5'. The unit includes a single garage door with height just shy of seven feet, along with a door opener and an electric outlet for a battery maintainer.
The unit is positioned with exceptionally convenient proximity to the airport terminal, described as an easy walking distance to Great Falls International Airport. Land for the condo is rented from the Airport Authority, and the annual Condo Association fee is $475.00.
Unit #18, at 2701 Terminal Drive, is specifically marketed as “Car Condo Unit #18,” intended for travelers seeking straightforward access between the property and the airport terminal.
The unit is positioned with exceptionally convenient proximity to the airport terminal, described as an easy walking distance to Great Falls International Airport. Land for the condo is rented from the Airport Authority, and the annual Condo Association fee is $475.00.
Unit #18, at 2701 Terminal Drive, is specifically marketed as “Car Condo Unit #18,” intended for travelers seeking straightforward access between the property and the airport terminal.
Key Highlights
- Car condo unit #18 built in 2003 for easy access to Great Falls International Airport
- Located within easy walking distance of the airport terminal
- Approx. 21.5' x 11.5' unit with a single garage door (just shy of 7 feet) and door opener
Financial Insights For Self Storage
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 | $3.6k | $14.40 |
| − Vacancy | −$285 | −$1.15 |
| EGI | $3.3k | $13.25 |
| − OpEx | −$982 | −$3.97 |
| NOI | $2.3k | $9.27 |
247 SF · lease $14.40/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Self Storage
$32.7K
$28.6K – $38.2K
NOI $2,291 @ 7.0% cap · market cap 6.11%
Second Best
Warehouse
$20.1K
$17.6K – $23.4K
NOI $1,406 @ 7.0% cap · market cap 3.75%
Theoretical Best
Specialty Retail
$48.1K
$42.1K – $56.1K
NOI $3,365 @ 7.0% cap · market cap 8.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Self storage facilities
FAQs
What type of property is this?
Self storage facility - Built in 2003, this car condo unit includes a garage door and electric outlet for battery maintenance.
Where is this self storage facility located?
The property is located at 2701 Terminal Drive #18 Great Falls, MT.
What is the asking price?
The asking price for this property is $37,500.
What are key features of this property?
This property features: Car condo unit #18 built in 2003 for easy access to Great Falls International Airport; Located within easy walking distance of the airport terminal; Approx. 21.5' x 11.5' unit with a single garage door (just shy of 7 feet) and door opener
