Flexible Office
1622 South Avenue West, Missoula, MT 59801
For Sale
Contact for pricing
Office property with adaptable interiors, on-site parking, and U-MU4 zoning along a commercial corridor.
Property Size2,412 SF
Price / SF$300.58
Days on Market64
Property Features for 1622 South Avenue West
General Information
Standard status
Size
Property subtype
Zoning
Listing Agency:
Sterling CRE Advisors
Listed By:
Matt Mellott, CCIM, SIOR · License MT RRE-RBS-BRO-52907
Source:
Crexi
Added: Sep 8
Changed: Nov 7
Last Checked: Nov 10 at 8:21AM
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 Sterling CRE Advisors
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Investment Insights
Based on property information with market context.
This 2,412-square-foot office property provides adaptable interior space for a range of professional layouts. U-MU4 zoning supports varied business applications, while on-site parking serves clients and staff.
The property is positioned on South Avenue West in Missoula, between Southgate Mall and Tremper's Shopping Center. Its setting within an established retail district places the office space near two identified shopping centers and along a commercial corridor.
The property is positioned on South Avenue West in Missoula, between Southgate Mall and Tremper's Shopping Center. Its setting within an established retail district places the office space near two identified shopping centers and along a commercial corridor.
Key Highlights
- 2,412‑square‑foot office property
- U‑MU4 zoning
- Adaptable interior layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,640
Cap Rate
4.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$652,800
$652.8K
Cap Rate 7%
$466,286
$466.3K
Cap Rate 9%
$362,667
$362.7K
Market Conditions
NOI Build-Up for 2,412 SF
Gross rent
$60.8K $25.20/SF
− Vacancy
−$6.4K −$2.65/SF
EGI
$54.4K $22.55/SF
− OpEx
−$21.8K −$9.02/SF
NOI
$32.6K $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%
$652,800
Cap Rate 7%
$466,286
Cap Rate 9%
$362,667
Alternative Uses
Best Use
Healthcare Medical
$466.3K
$408.0K – $544.0K
NOI $32,640 @ 7.0% cap · market cap 4.50%
Second Best
Office B
$401.6K
$351.4K – $468.5K
NOI $28,112 @ 7.0% cap · market cap 3.88%
Theoretical Best
Specialty Retail
$695.4K
$608.5K – $811.3K
NOI $48,680 @ 7.0% cap · market cap 6.71%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,771
Businesses Nearby
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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
$393,400
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Missoula, MT
Properties on Market for Office Units in Missoula
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Office property with adaptable interiors, on-site parking, and U-MU4 zoning along a commercial corridor.
Where is this office unit located?
The property is located at 1622 South Avenue West Missoula, MT.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 2,412‑square‑foot office property; U‑MU4 zoning; Adaptable interior layout
