Auto Shop with Drive-Through
For Sale
$1,150,000
1021 15th St N, Great Falls, MT 59401
Air-conditioned office and reception areas complement a functional shop with fenced rear access.
Property Size8,304 SF
Lot Size0.62 Acres
Price / SF$138.49
Days on Market52
Property Features for 1021 15th St N
General Information
Standard status
Active
Size
8,304 SF
Lot size
0.62 Acres
Additional Details
Fenced Yard
Yes
Building Details
Year Built
1973
Buildings
1
Listing Agency:
Montana's Best Realty
Listed By:
Robin McKnight · License #RRE-RBS-LIC-17672
(406) 899-0857
Source:
Mtranchsales
Added: Aug 15
Changed: Sep 15
Last Checked: Oct 4 at 1:18PM
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 auto shop property includes a 7,460-square-foot service area with drive-through doors leading to a fenced rear lot. The building also provides an updated, air-conditioned office area and an adjoining reception space with a television for customer waiting. Shop equipment includes multiple heaters, including an oil burner, two hoists, a 15-horsepower compressor, a downdraft paint booth, and two air-filtration systems. Certain equipment may be negotiated into the contract.
The property encompasses 0.62 acres at 1021 15th St N in Great Falls, Montana. Built in 1973, the building previously operated as an auto body and mechanic facility and offers a layout that can be adapted to future operational requirements. The total property size is listed as 8,304 square feet.
The property encompasses 0.62 acres at 1021 15th St N in Great Falls, Montana. Built in 1973, the building previously operated as an auto body and mechanic facility and offers a layout that can be adapted to future operational requirements. The total property size is listed as 8,304 square feet.
Key Highlights
- 7,460‑square‑foot shop on a 0.62‑acre property
- Drive‑through shop doors provide access to the fenced back lot
- Updated, air‑conditioned office with adjoining reception area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,872
Cap Rate
7.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,817,440
$1.8M
Cap Rate 7%
$1,298,171
$1.3M
Cap Rate 9%
$1,009,689
$1.0M
Market Conditions
NOI Build-Up for 8,304 SF
Gross rent
$134.5K $16.20/SF
− Vacancy
−$4.7K −$0.57/SF
EGI
$129.8K $15.63/SF
− OpEx
−$38.9K −$4.69/SF
NOI
$90.9K $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 Rate 5%
$1,817,440
Cap Rate 7%
$1,298,171
Cap Rate 9%
$1,009,689
Alternative Uses
Best Use
Retail
$1.30M
$1.14M – $1.51M
NOI $90,872 @ 7.0% cap · market cap 7.90%
Second Best
Industrial
$605.6K
$529.9K – $706.6K
NOI $42,393 @ 7.0% cap · market cap 3.69%
Theoretical Best
Specialty Retail
$1.62M
$1.41M – $1.89M
NOI $113,123 @ 7.0% cap · market cap 9.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
325
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 59401, MT
13,030
Population
6,921
Households
1.9
Avg Household Size
39
Median Age
27%
College-Educated
93%
High-School Grad
3.0 sq mi
ZIP Area
4,343
Density / Sq Mi
$53,750
Median Household Income
$33,209
Median Earnings
$767
Median Rent
$206,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Auto shop - Air-conditioned office and reception areas complement a functional shop with fenced rear access.
Where is this auto shop located?
The property is located at 1021 15th St N Great Falls, MT.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 7,460‑square‑foot shop on a 0.62‑acre property; Drive‑through shop doors provide access to the fenced back lot; Updated, air‑conditioned office with adjoining reception area
