Pre-Engineered Steel Warehouse
For Sale
$1,750,000
Pending
900 2nd Street S, Great Falls, MT 59405
Pre-engineered steel warehouse with dedicated office/medical and storage sections plus paved parking on over an acre.
Property Size18,000 SF
Lot Size1.01 Acres
Days on Market28
Property Features for 900 2nd Street S
General Information
Standard status
Pending
Size
18,000 SF
Lot size
1.01 Acres
Property subtype
Commercial
Additional Details
Clear Height
16 ft
Building Details
Year Built
1985
Construction
pre-engineered steel
Listing Agency:
Catalyst Commercial
(406) 899-6651
Listed By:
Ryan Pachek · License #79075
Source:
Clearwaterproperties
Added: Jul 4
Changed: Jul 23
Last Checked: Jul 23 at 6:34AM
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 Catalyst Commercial
Investment Insights
Based on property information with market context.
Located at 900 2nd Street S in Great Falls, this well-maintained pre-engineered steel warehouse and office facility sits on 1.01± acres and totals approximately 14,000± SF. Originally constructed in 1985, the building is divided into three distinct sections, including warehouse, office/medical, and storage areas, providing flexible configuration options for different operational needs. The warehouse features 16’ wall heights, along with efficient heating systems. A metal exterior supports long-term durability and low maintenance.
The property includes ample paved parking and is described as having convenient downtown access and visibility.
With open configurations across the warehouse, office/medical, and storage components, the space is designed to adapt to a range of uses while retaining clear separation between work and service areas.
The property includes ample paved parking and is described as having convenient downtown access and visibility.
With open configurations across the warehouse, office/medical, and storage components, the space is designed to adapt to a range of uses while retaining clear separation between work and service areas.
Key Highlights
- 14,000 SF pre‑engineered steel warehouse, originally built in 1985
- 1.01± acre commercial site with three distinct sections: warehouse, office/medical, and storage
- 16’ wall heights in the warehouse area
Financial Insights For Flex RnD
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 | $270.0k | $15.00 |
| − Vacancy | −$27.0k | −$1.50 |
| EGI | $243.0k | $13.50 |
| − OpEx | −$85.1k | −$4.73 |
| NOI | $158.0k | $8.78 |
18,000 SF · lease $15.00/SF/yr · vacancy 10.00% · expense 35.00%
Alternative Uses
Best Use
Healthcare Medical
$2.83M
$2.48M – $3.30M
NOI $198,035 @ 7.0% cap · market cap 11.32%
Second Best
Flex RnD
$2.26M
$1.97M – $2.63M
NOI $157,950 @ 7.0% cap · market cap 9.03%
Theoretical Best
Specialty Retail
$3.50M
$3.07M – $4.09M
NOI $245,210 @ 7.0% cap · market cap 14.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
16 ft
Clear height
Location Intelligence
Trade Area within ½ mile
1,784
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 59405, MT
33,578
Population
15,260
Households
2.2
Avg Household Size
35
Median Age
29%
College-Educated
94%
High-School Grad
479.4 sq mi
ZIP Area
70
Density / Sq Mi
$60,509
Median Household Income
$37,431
Median Earnings
$947
Median Rent
$236,800
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?
Flex space - Pre-engineered steel warehouse with dedicated office/medical and storage sections plus paved parking on over an acre.
Where is this flex space located?
The property is located at 900 2nd Street S Great Falls, MT.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 14,000 SF pre‑engineered steel warehouse, originally built in 1985; 1.01± acre commercial site with three distinct sections: warehouse, office/medical, and storage; 16’ wall heights in the warehouse area
