Retail and Office Investment
For Sale
$765,000
100 1st Street N, Cascade, MT 59421
A 4,606-square-foot retail building with office space, central air, natural gas heat, and a second on-site building.
Property Size4,606 SF
Price / SF$166.09
Days on Market21
Property Features for 100 1st Street N
General Information
Standard status
Active
Size
4,606 SF
Amenities
cash wrap stations
dressing rooms
private offices
private restroom
storage room
partial basement
natural gas heating
central air conditioning
off-street parking
Building Details
Year Built
1999
Year Renovated
1999
Listing Agency:
Montana's Best Realty
(406) 468-9911
Listed By:
Gym Anderson · License #RRE-BRO-LIC-12207
Source:
Purewestrealestate
Added: Jul 23
Changed: Jul 24
Last Checked: Aug 12 at 4:49AM
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 Montana's Best Realty
Investment Insights
Based on property information with market context.
This for-sale commercial property includes a main retail layout with two cash wrap stations, four dressing rooms, two private offices, a private restroom, and a dedicated storage room. A partial basement provides additional storage, and a retail addition and showroom space were completed as part of a 1999 remodel. The building is supported by four electrical meters and includes natural gas heating and central air conditioning.
The property also features a second building on-site, which may be used for secure storage, a garage, or a workshop, with the option to remodel for additional retail or commercial space. Parking is available with convenient street parking plus off-street parking.
The property includes two restrooms, with one for the retail store and a second for a separate office area. Montana’s Best Realty is currently renting space and would like to continue with new owners.
The property also features a second building on-site, which may be used for secure storage, a garage, or a workshop, with the option to remodel for additional retail or commercial space. Parking is available with convenient street parking plus off-street parking.
The property includes two restrooms, with one for the retail store and a second for a separate office area. Montana’s Best Realty is currently renting space and would like to continue with new owners.
Key Highlights
- 4,606 SF commercial property in Cascade, MT, built in 1999 with major remodel completed in 1999
- Main retail area includes two cash wrap stations, four dressing rooms, two private offices, private restroom, and dedicated storage room
- 3,550 SF retail addition and showroom space plus a partial basement for additional storage
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
$50,404
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
6.59%
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%
$1,008,080
$1.0M
Cap Rate 7%
$720,057
$720.1K
Cap Rate 9%
$560,044
$560.0K
Market Conditions
NOI Build-Up for 4,606 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
$74.6K $16.20/SF
− Vacancy
−$2.6K −$0.57/SF
EGI
$72.0K $15.63/SF
− OpEx
−$21.6K −$4.69/SF
NOI
$50.4K $10.94/SF
Area
Cascade County, MT
Vacancy
3.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
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%
$1,008,080
Cap Rate 7%
$720,057
Cap Rate 9%
$560,044
Alternative Uses
Best Use
Retail
$720.1K
$630.1K – $840.1K
NOI $50,404 @ 7.0% cap · market cap 6.59%
Second Best
Office B
$531.2K
$464.8K – $619.7K
NOI $37,184 @ 7.0% cap · market cap 4.86%
Theoretical Best
Specialty Retail
$896.4K
$784.3K – $1.05M
NOI $62,746 @ 7.0% cap · market cap 8.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
69
Businesses Nearby
Explore this area
Business Placement
Demographics for 59421, MT
2,057
Population
1,439
Households
1.4
Avg Household Size
53
Median Age
30%
College-Educated
92%
High-School Grad
746.6 sq mi
ZIP Area
3
Density / Sq Mi
$71,688
Median Household Income
$45,045
Median Earnings
$1,014
Median Rent
$337,200
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?
Retail space - A 4,606-square-foot retail building with office space, central air, natural gas heat, and a second on-site building.
Where is this retail space located?
The property is located at 100 1st Street N Cascade, MT.
What is the asking price?
The asking price for this property is $765,000.
What are key features of this property?
This property features: 4,606 SF commercial property in Cascade, MT, built in 1999 with major remodel completed in 1999; Main retail area includes two cash wrap stations, four dressing rooms, two private offices, private restroom, and dedicated storage room; 3,550 SF retail addition and showroom space plus a partial basement for additional storage
