Second-Story Office Unit with
New
For Sale
$1,149,900
2425 W Central Avenue #200, Missoula, MT 59801
Professional suite combines private offices, workstations, meeting space, support areas, and supplemental basement storage.
Property Size4,026 SF
Price / SF$285.62
Days on Market2
Property Features for 2425 W Central Avenue #200
General Information
Standard status
Active
Size
4,026 SF
Elevators
Yes
Property subtype
Commercial
Zoning
Comm
Additional Details
Floor
2
Cap Rate
6%
Taxes and HOA fees
Annual Taxes
$12,915
Building Details
Building Size
4,026 SF
Year Built
2004
Units
1
Construction
concrete tilt up
Tenancy
Multi
Listing Agency:
Windermere R E Missoula
(406) 370-7333
Listed By:
Casey Robinson
(406) 370-7333
Source:
Avatarrealtymt
Added: Aug 16
Changed: Aug 17
Last Checked: Aug 17 at 6:18AM
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 Windermere R E Missoula
Investment Insights
Based on property information with market context.
This second-story office unit contains 4,026 square feet of finished workspace within a 2004 concrete tilt-up building. The layout includes 8 private offices, 4 cubicles, a conference room, break room, reception area, copy center, and 2 lavatories. Large office windows provide natural light, while elevator access serves the suite. An additional 1,000 square feet of basement storage is included.
The property is zoned Comm and located at 2425 W Central Avenue #200 in Missoula, Montana, off South Reserve Street. Off-street parking is shared with other businesses in the building. The suite is subject to a long-term lease and reflects a 6% capitalization rate.
The property is zoned Comm and located at 2425 W Central Avenue #200 in Missoula, Montana, off South Reserve Street. Off-street parking is shared with other businesses in the building. The suite is subject to a long-term lease and reflects a 6% capitalization rate.
Key Highlights
- 4,026 SF of finished office space
- 8 private offices and 4 cubicles
- 1,000 SF of additional basement storage
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
$46,923
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
4.08%
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%
$938,460
$938.5K
Cap Rate 7%
$670,329
$670.3K
Cap Rate 9%
$521,367
$521.4K
Market Conditions
NOI Build-Up for 4,026 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
$84.5K $21.00/SF
− Vacancy
−$22.0K −$5.46/SF
EGI
$62.6K $15.54/SF
− OpEx
−$15.6K −$3.89/SF
NOI
$46.9K $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%
$938,460
Cap Rate 7%
$670,329
Cap Rate 9%
$521,367
Alternative Uses
Best Use
Office B
$670.3K
$586.5K – $782.1K
NOI $46,923 @ 7.0% cap · market cap 4.08%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.16M
$1.02M – $1.35M
NOI $81,255 @ 7.0% cap · market cap 7.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,251
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 - Professional suite combines private offices, workstations, meeting space, support areas, and supplemental basement storage.
Where is this office units located?
The property is located at 2425 W Central Avenue #200 Missoula, MT.
What is the asking price?
The asking price for this property is $1,149,900.
What are key features of this property?
This property features: 4,026 SF of finished office space; 8 private offices and 4 cubicles; 1,000 SF of additional basement storage
