Renovated Office Unit with Multiple
For Sale
$690,000
Pending
2300 Regent Street #207, Missoula, MT 59801
Second-floor office condominium with flexible rooms, built-in cabinetry, a private bathroom, and dedicated parking.
Property Size2,432 SF
Days on Market99
Property Features for 2300 Regent Street #207
General Information
Standard status
Pending
Size
2,432 SF
Total Parking Spaces
6
Elevators
Yes
Property subtype
Commercial
Zoning
Commercial, C1-4
Additional Details
Floor
2
HOA Fee
$633
Taxes and HOA fees
Annual Taxes
$8,273
Amenities
reception area
deck
sawn-wood floors
wood trim
built-in cabinetry
private bathroom with shower
kitchen/break area
Building Details
Building Size
2,432 SF
Year Built
2005
Listing Agency:
ERA Lambros Real Estate Missoula
(406) 532-9200
Listed By:
Rick Meisinger · License #RRE-BRO-LIC-12362
(406) 240-6031
Source:
Missionvalleyproperties
Added: May 28
Changed: Sep 3
Last Checked: Aug 29 at 1:11PM
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 ERA Lambros Real Estate Missoula
Investment Insights
Based on property information with market context.
Located at 2300 Regent Street 207 in Missoula, this second-floor office unit occupies 2,432 square feet within a commercial condominium building constructed in 2005. The space has been renovated and combines wood flooring, wood trim, built-in cabinetry, a reception area with desk, and a private bathroom with shower. An equipped kitchen and break area provide a refrigerator, dishwasher, double sinks, and storage.
Three separate entrances support flexible circulation and potential reconfiguration, including a rear employee entry that opens to a deck with Mount Sentinel views. The layout includes eight rooms suitable for offices, meetings, file storage, or other workspace needs. The building offers ADA access through a lift, two community bathrooms near the third entrance, public parking access, and six dedicated parking spaces. The property is near the fairgrounds, banks, restaurants, shops, and downtown.
Three separate entrances support flexible circulation and potential reconfiguration, including a rear employee entry that opens to a deck with Mount Sentinel views. The layout includes eight rooms suitable for offices, meetings, file storage, or other workspace needs. The building offers ADA access through a lift, two community bathrooms near the third entrance, public parking access, and six dedicated parking spaces. The property is near the fairgrounds, banks, restaurants, shops, and downtown.
Key Highlights
- 2,432 sq. ft. renovated office unit on the second floor
- Eight rooms plus a reception area with built‑in desk and cabinetry
- Three separate entrances, including rear access to a deck with Mount Sentinel views
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
$28,345
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
4.11%
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%
$566,900
$566.9K
Cap Rate 7%
$404,929
$404.9K
Cap Rate 9%
$314,944
$314.9K
Market Conditions
NOI Build-Up for 2,432 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
$51.1K $21.00/SF
− Vacancy
−$13.3K −$5.46/SF
EGI
$37.8K $15.54/SF
− OpEx
−$9.4K −$3.89/SF
NOI
$28.3K $11.66/SF
Area
Missoula County, MT
Vacancy
26.00%
Lease Rate
$21.00 /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%
$566,900
Cap Rate 7%
$404,929
Cap Rate 9%
$314,944
Alternative Uses
Best Use
Office B
$404.9K
$354.3K – $472.4K
NOI $28,345 @ 7.0% cap · market cap 4.11%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$701.2K
$613.6K – $818.1K
NOI $49,084 @ 7.0% cap · market cap 7.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,511
Businesses Nearby
Explore this area
Business Placement
Demographics for 59801, MT
30,629
Population
15,814
Households
1.9
Avg Household Size
34
Median Age
51%
College-Educated
97%
High-School Grad
7.7 sq mi
ZIP Area
3,978
Density / Sq Mi
$55,022
Median Household Income
$34,320
Median Earnings
$1,086
Median Rent
$393,400
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 - Second-floor office condominium with flexible rooms, built-in cabinetry, a private bathroom, and dedicated parking.
Where is this office units located?
The property is located at 2300 Regent Street #207 Missoula, MT.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: 2,432 sq. ft. renovated office unit on the second floor; Eight rooms plus a reception area with built‑in desk and cabinetry; Three separate entrances, including rear access to a deck with Mount Sentinel views
