Retail Space on South
1518 South Ave W, Missoula, MT
For Sale
Contact for pricing
High-visibility retail space with versatile zoning and seller financing.
Property Size2,164 SF
Lot Size0.20 Acres
Price / SF$323.01
Days on Market478
Property Features for 1518 South Ave W
General Information
Standard status
Size
Lot size
Property subtype
Listing Agency:
Sterling CRE Advisors
(406) 203-4547
Listed By:
Connor McMahon · License MT RRE-RBS-LIC-88267
(406) 370-6424
Source:
Moodyscre
Added: Jul 25, 2025
Changed: Nov 13
Last Checked: Nov 12 at 9:40AM
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 Sterling CRE Advisors
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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.
This retail space is located on South Avenue West, benefiting from high visibility and strong traffic exposure at the intersection of South Russell Street and Brooks Street. Its location near Southgate Mall and Trempers Shopping Center enhances visibility to potential clients and customers. The property's B2-1 zoning (City of Missoula) allows for either retail or professional office use. On-site parking and easy access to South Avenue West and the Brooks Street Corridor provide convenience for both customers and employees. The property size is 2164 square feet. Seller financing is available for a well-qualified buyer at the seller's discretion.
Key Highlights
- High‑visibility location with strong traffic exposure.
- Prime positioning near Southgate Mall and Trempers Shopping Center.
- Versatile B2‑1 zoning allows for retail or professional office use.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,721
Cap Rate
3.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$534,420
$534.4K
Cap Rate 7%
$381,729
$381.7K
Cap Rate 9%
$296,900
$296.9K
Market Conditions
NOI Build-Up for 2,164 SF
Gross rent
$39.0K $18.00/SF
− Vacancy
−$779 −$0.36/SF
EGI
$38.2K $17.64/SF
− OpEx
−$11.5K −$5.29/SF
NOI
$26.7K $12.35/SF
Area
Missoula County, MT
Vacancy
2.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$534,420
Cap Rate 7%
$381,729
Cap Rate 9%
$296,900
Alternative Uses
Best Use
Retail
$381.7K
$334.0K – $445.4K
NOI $26,721 @ 7.0% cap · market cap 3.82%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$623.9K
$545.9K – $727.9K
NOI $43,675 @ 7.0% cap · market cap 6.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,771
Businesses Nearby
321k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 49%
Dining 20%
Apparel 11%
Leisure 9%
Hobby Lobby
Shops & Services
46,562 visits/mo
0.4 miles
Dillard's
Apparel
36,798 visits/mo
0.4 miles
AMC Dine-In Southgate 9
Leisure
29,686 visits/mo
0.5 miles
Albertsons
Groceries
29,181 visits/mo
0.2 miles
Wendy's
Dining
28,108 visits/mo
0.5 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Retail space in Missoula
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - High-visibility retail space with versatile zoning and seller financing.
Where is this retail space located?
The property is located at 1518 South Ave W Missoula, MT.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: High‑visibility location with strong traffic exposure.; Prime positioning near Southgate Mall and Trempers Shopping Center.; Versatile B2‑1 zoning allows for retail or professional office use.
