201 - 215 2nd Avenue S Great Falls, MT 59405
201 - 215 2nd Avenue S, Great Falls, MT, 59405
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For Sale
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Mixed-use properties
Property Size41,000 SF
Price / SF$79.27
Days on Market816
Property Features for 201 - 215 2nd Avenue S
General Information
- Standard status
- Active
- Size
- 41,000 SF
- Property subtype
- Industrial
Listing Agency
Corder and Associates LLC
(406) 622-3224
Listed by
Anthony Longin · License #RRE-RBS-LIC-98799
Source
Crexi
Added: Apr 24, 2024 Checked: Jul 16 at 8:52 am
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 Corder and Associates LLC
Investment Insights
Based on property information with market context.
Key Highlights
- High‑traffic downtown location with exceptional visibility and parking advantages.
- Large commercial building (just under 15,000 sq. ft.) featuring an 8,000 sq. ft. showroom with large windows and natural light.
- Heated warehouse with overhead door and street access, potentially usable as private parking.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $492.0k | $12.00 |
| − Vacancy | −$49.2k | −$1.20 |
| EGI | $442.8k | $10.80 |
| − OpEx | −$166.1k | −$4.05 |
| NOI | $276.8k | $6.75 |
41,000 SF · lease $12.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Retail
$6.41M
$5.61M – $7.48M
NOI $448,667 @ 7.0% cap · market cap 13.81%
Second Best
Office B
$4.73M
$4.14M – $5.52M
NOI $330,993 @ 7.0% cap · market cap 10.18%
Theoretical Best
Specialty Retail
$7.98M
$6.98M – $9.31M
NOI $558,533 @ 7.0% cap · market cap 17.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Showrooms
Similar For Sale Nearby
FAQs
Where is this mixed-use property located?
The property is located at 201 - 215 2nd Avenue S Great Falls, MT.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: High‑traffic downtown location with exceptional visibility and parking advantages.; **Large commercial building (just under 15,000 sq. ft.) featuring an 8,000 sq. ft. showroom with large windows and natural light.**; Heated warehouse with overhead door and street access, potentially usable as private parking.
