Standalone Professional Office
For Sale
$399,900
2415 13th, Great Falls, MT 59405
Well-maintained standalone office building with dedicated onsite parking and a modified gross lease in place.
Property Size1,894 SF
Price / SF$211.14
Days on Market95
Property Features for 2415 13th
General Information
Standard status
Active
Size
1,894 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$4,728
Building Details
Year Built
1950
Listing Agency:
Eagen Real Estate
Listed By:
Jessie Eagen · License #8043
(406) 542-1811
Source:
Clearwaterproperties
Added: Jul 4
Changed: Oct 6
Last Checked: Oct 5 at 3:17PM
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,290
Cap Rate
3.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$305,800
$305.8K
Cap Rate 7%
$218,429
$218.4K
Cap Rate 9%
$169,889
$169.9K
Market Conditions
NOI Build-Up for 1,894 SF
Gross rent
$26.1K $13.80/SF
− Vacancy
−$5.8K −$3.04/SF
EGI
$20.4K $10.76/SF
− OpEx
−$5.1K −$2.69/SF
NOI
$15.3K $8.07/SF
Area
Cascade County, MT
Vacancy
22.00%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$305,800
Cap Rate 7%
$218,429
Cap Rate 9%
$169,889
Alternative Uses
Best Use
Office B
$218.4K
$191.1K – $254.8K
NOI $15,290 @ 7.0% cap · market cap 3.82%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$368.6K
$322.5K – $430.0K
NOI $25,802 @ 7.0% cap · market cap 6.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
91
Businesses Nearby
Explore this area
Business Placement
Demographics for 59405, MT
33,578
Population
15,260
Households
2.2
Avg Household Size
35
Median Age
29%
College-Educated
94%
High-School Grad
479.4 sq mi
ZIP Area
70
Density / Sq Mi
$60,509
Median Household Income
$37,431
Median Earnings
$947
Median Rent
$236,800
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
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 Great Falls, MT.
What is the asking price?
The asking price for this property is $399,900.
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.
