Two-Building Office
For Sale
$899,000
1600 South Avenue W, Missoula, MT 59801
U-MU4 zoning supports office, retail, restaurant, lodging, residential, and other commercial uses.
Property Size2,540 SF
Price / SF$353.94
Days on Market48
Property Features for 1600 South Avenue W
General Information
Standard status
Active
Size
2,540 SF
Zoning
U-MU4
Amenities
concrete patio
monument signage
mature trees
Building Details
Year Built
1960
Buildings
2
Stories
1
Listing Agency:
Windermere R E Missoula
Listed By:
Kelly Mytty Donoghue
(406) 541-6550
Source:
Purewestrealestate
Added: Sep 2
Changed: Oct 15
Last Checked: Oct 19 at 3:21AM
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 Windermere R E Missoula
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Investment Insights
Based on property information with market context.
This office property includes two separate buildings with 2,540 SF of enclosed space. The primary structure contains 1,624 SF and includes a reception and waiting area, pass-through reception counter, private offices, kitchen area, and multiple restrooms. A 2009 remodel updated the building for office use. The second structure adds 916 SF and can accommodate office or studio functions subject to applicable zoning requirements.
The parcel at 1600 South Avenue W includes mature trees, landscaping, a concrete patio, off-street parking, and monument signage. Both buildings have freshly painted exteriors. Located within the U-MU4 Urban Mixed-Use Community 2 district, the property supports a range of stated uses, including professional office, retail, restaurant, lodging, light manufacturing, residential, and other commercial applications.
The parcel at 1600 South Avenue W includes mature trees, landscaping, a concrete patio, off-street parking, and monument signage. Both buildings have freshly painted exteriors. Located within the U-MU4 Urban Mixed-Use Community 2 district, the property supports a range of stated uses, including professional office, retail, restaurant, lodging, light manufacturing, residential, and other commercial applications.
Key Highlights
- 2,540 SF of enclosed space across two separate office buildings
- Primary building offers 1,624 SF with reception, private offices, kitchen area, and multiple restrooms
- Secondary building contains 916 SF for office, studio, or other permitted uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,604
Cap Rate
3.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$592,080
$592.1K
Cap Rate 7%
$422,914
$422.9K
Cap Rate 9%
$328,933
$328.9K
Market Conditions
NOI Build-Up for 2,540 SF
Gross rent
$53.3K $21.00/SF
− Vacancy
−$13.9K −$5.46/SF
EGI
$39.5K $15.54/SF
− OpEx
−$9.9K −$3.89/SF
NOI
$29.6K $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%
$592,080
Cap Rate 7%
$422,914
Cap Rate 9%
$328,933
Alternative Uses
Best Use
Office B
$422.9K
$370.1K – $493.4K
NOI $29,604 @ 7.0% cap · market cap 3.29%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$732.3K
$640.8K – $854.4K
NOI $51,264 @ 7.0% cap · market cap 5.70%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,771
Businesses Nearby
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
Frequently Asked Questions
What type of property is this?
Office building - U-MU4 zoning supports office, retail, restaurant, lodging, residential, and other commercial uses.
Where is this office building located?
The property is located at 1600 South Avenue W Missoula, MT.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 2,540 SF of enclosed space across two separate office buildings; Primary building offers 1,624 SF with reception, private offices, kitchen area, and multiple restrooms; Secondary building contains 916 SF for office, studio, or other permitted uses
