Standalone Professional Office
2415 13th Avenue S Great Falls, MT 59405
2415 13th Avenue S, Great Falls, MT, 59405
$425,000
For Sale
$425,000
Well-maintained standalone office building with dedicated onsite parking and a modified gross lease in place.
Property Size1,894 SF
Price / SF$224.39
Days on Market18
Property Features for 2415 13th Avenue S
General Information
- Standard status
- Active
- Size
- 1,894 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1950
Listing agency
Eagen Real Estate
(406) 542-1811
Listed by
Jessie M Eagen · License #8043
Source
Clearwaterproperties
Added: Jul 4 Updated: Jul 21 at 3:18PM Checked: Jul 21 at 3:18PM
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 Eagen Real Estate
Investment Insights
Based on property information with market context.
Well-maintained professional office building designed for a functional office layout, with attractive architectural curb appeal. The property includes dedicated onsite parking, professional landscaping, and exterior maintenance responsibilities allocated between landlord and tenant under a modified gross lease.
The building is located at 2415 13th Ave S in Great Falls, Montana, within an established commercial corridor on the south side of the city, offering convenient access to major thoroughfares and nearby business services, retail amenities, and medical/professional offices.
A long-term tenant has been leasing the property since 2018. The current lease is modified gross with 2 years remaining and a 5-year renewal option. Under the lease, the tenant is responsible for gas, electric, garbage, water, and sewer, and contributes $200 per month toward snow removal and lawn care, while the landlord pays taxes and property insurance and is responsible for the roof, foundation, exterior walls, parking lot, and exterior lighting.
The building is located at 2415 13th Ave S in Great Falls, Montana, within an established commercial corridor on the south side of the city, offering convenient access to major thoroughfares and nearby business services, retail amenities, and medical/professional offices.
A long-term tenant has been leasing the property since 2018. The current lease is modified gross with 2 years remaining and a 5-year renewal option. Under the lease, the tenant is responsible for gas, electric, garbage, water, and sewer, and contributes $200 per month toward snow removal and lawn care, while the landlord pays taxes and property insurance and is responsible for the roof, foundation, exterior walls, parking lot, and exterior lighting.
Key Highlights
- 1950‑built standalone professional office building at 2415 13th Ave S in Great Falls, MT.
- Current income of $2,400 per month from a long‑term tenant leasing since 2018.
- Modified gross lease: tenant pays gas, electric, garbage, water, and sewer; plus $200/month toward snow removal and lawn care.
Local Financial Insights For Office B
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 | $26.1k | $13.80 |
| − Vacancy | −$5.8k | −$3.04 |
| EGI | $20.4k | $10.76 |
| − OpEx | −$5.1k | −$2.69 |
| NOI | $15.3k | $8.07 |
1,894 SF · lease $13.80/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$218.4K
$191.1K – $254.8K
NOI $15,290 @ 7.0% cap · market cap 3.60%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$368.6K
$322.5K – $430.0K
NOI $25,802 @ 7.0% cap · market cap 6.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Edward Jones - Financial ...
Financial Advisor
Omland Richard
Church
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FAQs
What type of property is this?
Office building - Well-maintained standalone office building with dedicated onsite parking and a modified gross lease in place.
Where is this office building located?
The property is located at 2415 13th Avenue S Great Falls, MT.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 1950‑built standalone professional office building at 2415 13th Ave S in Great Falls, MT.; Current income of $2,400 per month from a long‑term tenant leasing since 2018.; Modified gross lease: tenant pays gas, electric, garbage, water, and sewer; plus $200/month toward snow removal and lawn care.
