Heated Shop with Storage
For Sale
$400,000
1830 Boulder Avenue, Helena, MT 59601
Flex/industrial building includes heated shop space with an overhead door, fenced storage yard, and detached storage building.
Property Size2,178 SF
Price / SF$183.65
Days on Market179
Property Features for 1830 Boulder Avenue
General Information
Standard status
Active
Size
2,178 SF
Total Parking Spaces
10
Zoning
Helena-CLM
Additional Details
Fenced Yard
Yes
Drive-In Doors
1
Office Units
2
Building Details
Building Size
2,178 SF
Year Built
1940
Listing Agency:
Uncommon Ground,LLC
Listed By:
Tana Bignell · License #RRE-BRO-LIC-31038
(406) 949-3905
Source:
Purewestrealestate
Added: Apr 24
Changed: Oct 6
Last Checked: Oct 19 at 3:17AM
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 Uncommon Ground,LLC
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Investment Insights
Based on property information with market context.
This for-sale flex/industrial property in Helena’s city limits features a large, open, heated shop space alongside two office spaces, a reception/showroom area, and a half bathroom within the main building. The shop is accessed by a 12x14 overhead door, supporting straightforward loading and vehicle movement for projects that need direct drive-through capability.
Outside, the fenced storage yard includes a rolling gate on the alley side and a swinging gate near the front of the building. A detached storage building provides additional covered or enclosed storage. The property also offers approximately 10 off-street parking spaces plus on-street parking.
Overall, the combination of office space, open heated shop area, and secure yard access is designed to support operations that require both workspace and storage in one location.
Outside, the fenced storage yard includes a rolling gate on the alley side and a swinging gate near the front of the building. A detached storage building provides additional covered or enclosed storage. The property also offers approximately 10 off-street parking spaces plus on-street parking.
Overall, the combination of office space, open heated shop area, and secure yard access is designed to support operations that require both workspace and storage in one location.
Key Highlights
- Zoned CLM and located in Helena city limits
- Heated shop space with a 12x14 overhead door for easy access
- Fenced storage yard with a rolling gate on the alley side and a swinging gate near the front
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,326
Cap Rate
5.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$466,520
$466.5K
Cap Rate 7%
$333,229
$333.2K
Cap Rate 9%
$259,178
$259.2K
Market Conditions
NOI Build-Up for 2,178 SF
Gross rent
$36.6K $16.80/SF
− Vacancy
−$5.5K −$2.52/SF
EGI
$31.1K $14.28/SF
− OpEx
−$7.8K −$3.57/SF
NOI
$23.3K $10.71/SF
Area
Lewis and Clark County, MT
Vacancy
15.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$466,520
Cap Rate 7%
$333,229
Cap Rate 9%
$259,178
Alternative Uses
Best Use
Office B
$333.2K
$291.6K – $388.8K
NOI $23,326 @ 7.0% cap · market cap 5.83%
Second Best
Flex RnD
$279.1K
$244.2K – $325.6K
NOI $19,537 @ 7.0% cap · market cap 4.88%
Theoretical Best
Office A
$473.1K
$414.0K – $552.0K
NOI $33,120 @ 7.0% cap · market cap 8.28%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Drive-in doors
2
Office units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
629
Businesses Nearby
Balanced
Demand for This Use
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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 Office in West region
Similar Off Market Nearby
- World Classics Catering — 1801 Butte 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 - Flex/industrial building includes heated shop space with an overhead door, fenced storage yard, and detached storage building.
Where is this flex space located?
The property is located at 1830 Boulder Avenue Helena, MT.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Zoned CLM and located in Helena city limits; Heated shop space with a 12x14 overhead door for easy access; Fenced storage yard with a rolling gate on the alley side and a swinging gate near the front
