Two-Level Flex
New
For Sale
$975,000
1531 National Ave, Helena, MT 59601
An open-plan main level and freight elevator connect the retail floor with the basement.
Property Size14,338 SF
Price / SF$68
Days on Market3
Property Features for 1531 National Ave
General Information
Standard status
Active
Size
14,338 SF
Property subtype
Street Retail
Additional Details
Sprinkler System
Yes
Property Use
Flex
Amenities
freight elevator
Building Details
Building Size
14,338 SF
Year Built
1885
Buildings
1
Stories
2
Construction
stone
Properties For Sale
at 1531 National Ave
1531 National
Size
14,338 SF
Lease Type
NNN
Listing Agency:
Coldwell Banker Commercial TSB
Listed By:
Tyler Warne · License #98724
(406) 465-9936
Source:
Thebrokerlist
Added: Nov 4
Last Checked: Nov 4 at 2:22PM
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 Coldwell Banker Commercial TSB
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Investment Insights
Based on property information with market context.
This 14,338-square-foot flex building, constructed in 1885, has two levels, stone walls, timber beams and an open main floor with 11-foot ceilings. A freight elevator connects the main level and basement. The basement has 9-foot ceilings, fire suppression and a sump pump; it was formerly used for woodworking, while the main floor was most recently used for retail sales.
Improvements made after a 2015 fire include updated electrical panels and fixtures, blown-in attic insulation, a metal roof, a drywall ceiling and structural reinforcement guided by engineering recommendations. An asphalt parking area provides drive-up access to the building.
The property is in Helena’s Grand Avenue Addition, within the central industrial district between Lyndale Avenue, North Montana Avenue and North Last Chance Gulch.
Improvements made after a 2015 fire include updated electrical panels and fixtures, blown-in attic insulation, a metal roof, a drywall ceiling and structural reinforcement guided by engineering recommendations. An asphalt parking area provides drive-up access to the building.
The property is in Helena’s Grand Avenue Addition, within the central industrial district between Lyndale Avenue, North Montana Avenue and North Last Chance Gulch.
Key Highlights
- 14,338‑square‑foot building originally constructed in 1885
- Freight elevator serves the main level and basement
- Main floor has an open layout and 11‑foot ceilings; basement ceilings are 9 feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,006
Cap Rate
8.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,680,120
$1.7M
Cap Rate 7%
$1,200,086
$1.2M
Cap Rate 9%
$933,400
$933.4K
Market Conditions
NOI Build-Up for 14,338 SF
Gross rent
$129.0K $9.00/SF
− Vacancy
−$9.0K −$0.63/SF
EGI
$120.0K $8.37/SF
− OpEx
−$36.0K −$2.51/SF
NOI
$84.0K $5.86/SF
Area
Lewis and Clark County, MT
Vacancy
7.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,680,120
Cap Rate 7%
$1,200,086
Cap Rate 9%
$933,400
Alternative Uses
Best Use
Retail
$2.67M
$2.34M – $3.12M
NOI $186,922 @ 7.0% cap · market cap 19.17%
Second Best
Flex RnD
$1.84M
$1.61M – $2.14M
NOI $128,612 @ 7.0% cap · market cap 13.19%
Theoretical Best
Office A
$3.11M
$2.73M – $3.63M
NOI $218,029 @ 7.0% cap · market cap 22.36%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,238
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 59601, MT
30,848
Population
15,937
Households
1.9
Avg Household Size
41
Median Age
51%
College-Educated
96%
High-School Grad
130.2 sq mi
ZIP Area
237
Density / Sq Mi
$70,502
Median Household Income
$44,000
Median Earnings
$1,023
Median Rent
$355,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Bad Betty's Barbecue and Catering Company — 812 Front St, Helena, MT 59601
- Marci's Catering — 1710 national ave, helena, mt 59601
- Rockstarr BBQ — 2125 N Last Chance Gulch Suite 2, Helena, MT 59601
Frequently Asked Questions
What type of property is this?
Flex space - An open-plan main level and freight elevator connect the retail floor with the basement.
Where is this flex space located?
The property is located at 1531 National Ave Helena, MT.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 14,338‑square‑foot building originally constructed in 1885; Freight elevator serves the main level and basement; Main floor has an open layout and 11‑foot ceilings; basement ceilings are 9 feet
