Medical Office with Street
For Sale
$950,000
1526 S Reserve Street, Missoula, MT 59801
Existing chiropractic-office configuration on a prominent commercial corridor with signage.
Property Size4,428 SF
Days on Market48
Property Features for 1526 S Reserve Street
General Information
Standard status
Active
Size
4,428 SF
Total Parking Spaces
16
Zoning
3
Taxes and HOA fees
Annual Taxes
$17,004
Amenities
LivingArea, ReceptionArea
Finished, Concrete
Additional Parking, Shared Driveway
Building Details
Building Size
4,428 SF
Year Built
1965
Listing Agency:
Engel & Völkers Western Frontier - Missoula
Listed By:
Warren Altounian · License #RRE-RBS-LIC-81433
(406) 550-2065
Source:
Evrealestate
Added: Aug 20
Changed: Oct 6
Last Checked: Oct 5 at 5:07PM
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 Engel & Völkers Western Frontier - Missoula
Investment Insights
Based on property information with market context.
This medical office property is currently configured and operating as a chiropractic office, with a layout suited to professional healthcare use. The space may accommodate medical, chiropractic, physical therapy, wellness, counseling, dental, and other professional service operations, subject to applicable requirements. Built in 1965, the property carries zoning designation 3.
The building fronts S Reserve Street in Missoula, a primary commercial corridor with established healthcare activity nearby. Surrounding providers include medical offices, chiropractors, physical therapists, and wellness practices. Street exposure and signage support identification from the corridor, while the location serves clients across the Missoula market.
The building fronts S Reserve Street in Missoula, a primary commercial corridor with established healthcare activity nearby. Surrounding providers include medical offices, chiropractors, physical therapists, and wellness practices. Street exposure and signage support identification from the corridor, while the location serves clients across the Missoula market.
Key Highlights
- Currently configured and operating as a chiropractic office
- Medical office setting with potential for healthcare and professional service uses
- Frontage on S Reserve Street with prominent street exposure and signage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,921
Cap Rate
6.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,198,420
$1.2M
Cap Rate 7%
$856,014
$856.0K
Cap Rate 9%
$665,789
$665.8K
Market Conditions
NOI Build-Up for 4,428 SF
Gross rent
$111.6K $25.20/SF
− Vacancy
−$11.7K −$2.65/SF
EGI
$99.9K $22.55/SF
− OpEx
−$39.9K −$9.02/SF
NOI
$59.9K $13.53/SF
Area
Missoula County, MT
Vacancy
10.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,198,420
Cap Rate 7%
$856,014
Cap Rate 9%
$665,789
Alternative Uses
Best Use
Healthcare Medical
$856.0K
$749.0K – $998.7K
NOI $59,921 @ 7.0% cap · market cap 6.31%
Second Best
Office B
$737.3K
$645.1K – $860.1K
NOI $51,608 @ 7.0% cap · market cap 5.43%
Theoretical Best
Specialty Retail
$1.28M
$1.12M – $1.49M
NOI $89,368 @ 7.0% cap · market cap 9.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
496
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 59801, MT
30,629
Population
15,814
Households
1.9
Avg Household Size
34
Median Age
51%
College-Educated
97%
High-School Grad
7.7 sq mi
ZIP Area
3,978
Density / Sq Mi
$55,022
Median Household Income
$34,320
Median Earnings
$1,086
Median Rent
$393,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Existing chiropractic-office configuration on a prominent commercial corridor with signage.
Where is this medical office space located?
The property is located at 1526 S Reserve Street Missoula, MT.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Currently configured and operating as a chiropractic office; Medical office setting with potential for healthcare and professional service uses; Frontage on S Reserve Street with prominent street exposure and signage
