Updated Office Condos For
2425 W Central Avenue 203 & 205 Missoula, MT 59801
2425 W Central Avenue 203 & 205, Missoula, MT, 59801
$1,300,000
For Sale
$1,300,000
Updated office condos in the Langley Building, great location.
Property Size4,164 SF
Price / SF$312.20
Days on Market522
Property Features for 2425 W Central Avenue 203 & 205
General Information
- Standard status
- Active
- Size
- 4,164 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 2004
Listing agency
Missoula Realty
(406) 546-7270
Listed by
Gerald Hogan · License #RRE-BRO-LIC-45474
(406) 546-7270
Source
Exitrealty
Added: Feb 14, 2025 Updated: Jul 10 at 12:02PM Checked: Jul 21 at 4:33AM
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 Missoula Realty
Investment Insights
Based on property information with market context.
These updated office condos, Units 203 and 205, are currently under one lease. Located on the second floor of the Langley Building, the property is accessible by elevator. The layout includes a reception area, meeting room, lunch room, 14 offices, and a bullpen area, as well as 2 bathrooms. The property is also available for lease. The current lease extends until April 30, 2025. The property contains 4164 square feet.
Key Highlights
- Great Location
- Currently leased until 4/30/2025, providing immediate income
- Two condo units (203 and 205) combined under one lease
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 | $87.4k | $21.00 |
| − Vacancy | −$22.7k | −$5.46 |
| EGI | $64.7k | $15.54 |
| − OpEx | −$16.2k | −$3.89 |
| NOI | $48.5k | $11.66 |
4,164 SF · lease $21.00/SF/yr · vacancy 26.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$693.3K
$606.6K – $808.9K
NOI $48,531 @ 7.0% cap · market cap 3.73%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.20M
$1.05M – $1.40M
NOI $84,040 @ 7.0% cap · market cap 6.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Unum
Insurance Agency
Canvas Church
Church
Vicki's Quilts Down ...
(Bike/Boat/Book/etc) Store
Jared Langley Enterprises, ...
Roofing Company
Used Transmissions and Engines
Auto Repair Shop
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Updated office condos in the Langley Building, great location.
Where is this office units located?
The property is located at 2425 W Central Avenue 203 & 205 Missoula, MT.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Great Location; Currently leased until 4/30/2025, providing immediate income; Two condo units (203 and 205) combined under one lease
