Four-Suite Industrial
New
For Sale
$2,950,000
1700 Rankin, Missoula, MT 59808
Separately entered spaces offer industrial power, grade-level loading, and off-street parking.
Property Size16,000 SF
Price / SF$185.30
Days on Market2
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Property Features for 1700 Rankin
General Information
Standard status
Active
Size
16,000 SF
Property subtype
Commercial
Warehouse & Industrial
Clear Height
14.5 ft
Three-Phase Power
Yes
Heavy Power
Yes
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$31,720
Building Details
Year Built
1990
Buildings
1
Building Size
16,000 SF
Tenancy
Multi
Listing Agency:
Main Street Realty
Listed By:
Colin Rimel
(406) 370-2408
Source:
Clearwaterproperties
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 2:24AM
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 Main Street Realty
Investment Insights
Based on property information with market context.
This Missoula industrial warehouse was built in 1990 and recently updated. Its four suites measure approximately 2,400, 2,400, 5,200, and 6,000 square feet. Each has a private entrance, a grade-level overhead door, and approximately 14.5-foot clear height. Heavy 3-phase power is available, and off-street parking serves the property.
The suites carry addresses of 1700, 1702, 1704, and 1706 Rankin Street. The property is near the West Broadway corridor, with access to downtown and interstate and highway routes.
The suites carry addresses of 1700, 1702, 1704, and 1706 Rankin Street. The property is near the West Broadway corridor, with access to downtown and interstate and highway routes.
Key Highlights
- Four suites: approximately 2,400, 2,400, 5,200, and 6,000 square feet
- Approximately 14.5‑foot clear heights and grade‑level overhead doors in each suite
- Heavy 3‑phase power availability
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$140,430
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,808,600
$2.8M
Cap Rate 7%
$2,006,143
$2.0M
Cap Rate 9%
$1,560,333
$1.6M
Market Conditions
NOI Build-Up for 15,920 SF
Gross rent
$175.8K $11.04/SF
− Vacancy
−$10.5K −$0.66/SF
EGI
$165.2K $10.38/SF
− OpEx
−$24.8K −$1.56/SF
NOI
$140.4K $8.82/SF
Area
Missoula County, MT
Vacancy
6.00%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,808,600
Cap Rate 7%
$2,006,143
Cap Rate 9%
$1,560,333
Alternative Uses
Best Use
Warehouse
$2.01M
$1.76M – $2.34M
NOI $140,430 @ 7.0% cap · market cap 4.76%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.59M
$4.02M – $5.36M
NOI $321,305 @ 7.0% cap · market cap 10.89%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
14 ft
Clear height
Multi-tenant
Tenancy
Yes
Heavy power
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
965
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 59808, MT
21,546
Population
9,938
Households
2.2
Avg Household Size
38
Median Age
40%
College-Educated
97%
High-School Grad
157.1 sq mi
ZIP Area
137
Density / Sq Mi
$76,795
Median Household Income
$39,324
Median Earnings
$1,236
Median Rent
$419,800
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
- Riverside Storage Missoula, LLC — 3645 Clark Fork Way, Missoula, MT 59808
- Northwest Mini Storage — 1105 N Russell St, Missoula, MT 59808
- Mullan Road Storage — 2855 Mullan Rd, Missoula, MT 59808
- Sherlock Storage — 2603 Industry St, Missoula, MT 59808
- Murphy Street Mini Storage — 2504 Murphy St, Missoula, MT 59808
Frequently Asked Questions
What type of property is this?
Warehouse - Separately entered spaces offer industrial power, grade-level loading, and off-street parking.
Where is this warehouse located?
The property is located at 1700 Rankin Missoula, MT.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Four suites: approximately 2,400, 2,400, 5,200, and 6,000 square feet; Approximately 14.5‑foot clear heights and grade‑level overhead doors in each suite; Heavy 3‑phase power availability
