Office-Retail Building with Rear
For Sale
$319,000
216 E Lyndale Avenue Helena, Helena, MT 59601
Two-room main level with open concept plan, ADA accessibility, and paved rear parking, plus basement storage.
Property Size1,992 SF
Price / SF$160.14
Days on Market67
Property Features for 216 E Lyndale Avenue Helena
General Information
Standard status
Active
Size
1,992 SF
Total Parking Spaces
4
Zoning
Business
Taxes and HOA fees
Annual Taxes
$4,069
Amenities
Unfinished
true
false
Public
7318
4
0.168
Public Records
Asphalt
Block
City Street
1992
Building Details
Building Size
1,992 SF
Year Built
1890
Listed By:
Maci Welch
(406) 415-8680
Source:
Glacier-country-kalispell-mt.remax
Added: Jun 30
Changed: Sep 3
Last Checked: Sep 4 at 2:53AM
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 Maci Welch
Investment Insights
Based on property information with market context.
This commercial property for sale features an open concept main floor with two rooms suited for offices or retail use, along with a bathroom on the main level. The basement provides additional storage space, supporting flexible day-to-day operations.
The building includes ADA accessibility and has paved parking located to the rear of the structure. The property is located at 216 E Lyndale Avenue in Helena, Montana, offering a straightforward setup for an owner-operator or a tenant looking to customize the interior layout.
The building includes ADA accessibility and has paved parking located to the rear of the structure. The property is located at 216 E Lyndale Avenue in Helena, Montana, offering a straightforward setup for an owner-operator or a tenant looking to customize the interior layout.
Key Highlights
- Commercial property built in 1890 with 1,992 total building area
- Two‑room main level with an open concept floor plan
- ADA accessibility plus a main‑floor bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,334
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.69%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$426,680
$426.7K
Cap Rate 7%
$304,771
$304.8K
Cap Rate 9%
$237,044
$237.0K
Market Conditions
NOI Build-Up for 1,992 SF
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.
Gross rent
$33.5K $16.80/SF
− Vacancy
−$5.0K −$2.52/SF
EGI
$28.4K $14.28/SF
− OpEx
−$7.1K −$3.57/SF
NOI
$21.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$426,680
Cap Rate 7%
$304,771
Cap Rate 9%
$237,044
Alternative Uses
Best Use
Office B
$304.8K
$266.7K – $355.6K
NOI $21,334 @ 7.0% cap · market cap 6.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$432.7K
$378.6K – $504.9K
NOI $30,291 @ 7.0% cap · market cap 9.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,645
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Two-room main level with open concept plan, ADA accessibility, and paved rear parking, plus basement storage.
Where is this office units located?
The property is located at 216 E Lyndale Avenue Helena Helena, MT.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: Commercial property built in 1890 with 1,992 total building area; Two‑room main level with an open concept floor plan; ADA accessibility plus a main‑floor bathroom
