NNN Office
For Sale
$640,000
A-3760 Mullan Rd, Missoula, MT 59808
First-floor office condominium with a 10-year NNN lease and annual rent escalations.
Property Size1,543 SF
Price / SF$414.78
Days on Market580
Property Features for A-3760 Mullan Rd
General Information
Standard status
Active
Size
1,543 SF
Occupancy
100%
Additional Details
Floor
1
Gross Income
$41,661
Office Units
1
Taxes and HOA fees
Annual Taxes
$6,136
Amenities
private entrance
energy efficiency
Building Details
Year Built
2023
Tenancy
Single
Owner Occupied
No
Listing Agency:
Eagen Real Estate
(406) 542-1811
Listed By:
Jessie Eagen · License #8043
(406) 880-3900
Source:
Exprealty
Added: Mar 17, 2025
Changed: Oct 17
Last Checked: Oct 16 at 1:39PM
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 Eagen Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Suite A is a leased office condominium on the first floor of Building #2 at Mullan Crossing. The property includes a private entrance and on-site parking, with new construction completed in summer 2023. The suite is offered with a 10-year NNN lease and yearly rent escalators, placing property taxes, insurance, and maintenance obligations with the tenant under the lease structure.
The condominium is located at A-3760 Mullan Rd in Missoula, north of Mullan Rd and west of Reserved St, just off Clark Fork Ln. Its position within the Mullan Crossing commercial development provides a professional setting for the existing office use.
The condominium is located at A-3760 Mullan Rd in Missoula, north of Mullan Rd and west of Reserved St, just off Clark Fork Ln. Its position within the Mullan Crossing commercial development provides a professional setting for the existing office use.
Key Highlights
- 10‑year NNN lease in place
- Annual rent escalations provided under the lease
- First‑floor office condominium in Building #2
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,984
Cap Rate
2.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$359,680
$359.7K
Cap Rate 7%
$256,914
$256.9K
Cap Rate 9%
$199,822
$199.8K
Market Conditions
NOI Build-Up for 1,543 SF
Gross rent
$32.4K $21.00/SF
− Vacancy
−$8.4K −$5.46/SF
EGI
$24.0K $15.54/SF
− OpEx
−$6.0K −$3.89/SF
NOI
$18.0K $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 Rate 5%
$359,680
Cap Rate 7%
$256,914
Cap Rate 9%
$199,822
Alternative Uses
Best Use
Office B
$256.9K
$224.8K – $299.7K
NOI $17,984 @ 7.0% cap · market cap 2.81%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$444.9K
$389.3K – $519.0K
NOI $31,142 @ 7.0% cap · market cap 4.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
803
Businesses Nearby
Explore this area
Business Placement
Demographics for 59808, MT
21,546
Population
9,938
Households
2.2
Avg Household Size
38
Median Age
40%
College-Educated
97%
High-School Grad
157.1 sq mi
ZIP Area
137
Density / Sq Mi
$76,795
Median Household Income
$39,324
Median Earnings
$1,236
Median Rent
$419,800
Median Home Value
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
NNN property - First-floor office condominium with a 10-year NNN lease and annual rent escalations.
Where is this nnn property located?
The property is located at A-3760 Mullan Rd Missoula, MT.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: 10‑year NNN lease in place; Annual rent escalations provided under the lease; First‑floor office condominium in Building #2
