Building Details

Year Built 1972

Listing Agency: Trimac Group LLC

Listed By: Kevin Casey · License #RRE-RBS-LIC-53297 Show Phone

Source: Clearwaterproperties

Added: Aug 1 Changed: Oct 16 Last Checked: Oct 16 at 9:20AM

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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 Trimac Group LLC

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Investment Insights

Based on property information with market context.

This office property contains 9,880 square feet and was constructed in 1972. Suites 14, 16, and 18 are currently available within the building, offering office users a professional setting for day-to-day operations. High-speed internet is available, and the property includes an access control system.

The building is located at 2021 11th in Helena, within an established business corridor and minutes from the Montana State Capitol. On-site parking supports convenient daily access, while included janitorial service helps simplify occupancy. The available suites may suit nonprofits, associations, and small businesses seeking office space in a central Helena setting.

Key Highlights

• 9,880‑square‑foot office property constructed in 1972
• Suites 14, 16, and 18 currently available
• Minutes from the Montana State Capitol

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$105,815

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,116,300 $2.1M

Cap Rate 7%

$1,511,643 $1.5M

Cap Rate 9%

$1,175,722 $1.2M

What to ask about pricing

Market Conditions

NOI Build-Up for 9,880 SF

Gross rent

$166.0K $16.80/SF

− Vacancy

−$24.9K −$2.52/SF

EGI

$141.1K $14.28/SF

− OpEx

−$35.3K −$3.57/SF

NOI

$105.8K $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%

$2,116,300

Cap Rate 7%

$1,511,643

Cap Rate 9%

$1,175,722

Alternative Uses

Best Use

Office B

$1.51M

$1.32M – $1.76M (±1% cap)

NOI $105,815 @ 7.0% cap · market cap 587,861.11%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.15M

$1.88M – $2.50M (±1% cap)

NOI $150,239 @ 7.0% cap · market cap 834,661.11%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Mountain West Office ... Computer & Electronic Repair Home Instead Home Health Care Service Montana Medical Association Association / Organization Big Sky Gas Gas Company Montana Academy of Physician ... Association / Organization

Suggested Use

Top Pick Real Estate Agency Auto Parts Store Building Supply Electrical Service Grocery & Convenience Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

919

Businesses Nearby

Explore this area 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

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

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Frequently Asked Questions

What type of property is this?

Office units - Suites 14, 16, and 18 are available with on-site parking and controlled building access.

Where is this office units located?

The property is located at 2021 11th Helena, MT.

What are key features of this property?

This property features: 9,880‑square‑foot office property constructed in 1972; Suites 14, 16, and 18 currently available; Minutes from the Montana State Capitol