Two-Level Office Building with
2525 Colonial Drive Helena, MT 59601
2525 Colonial Drive, Helena, MT, 59601
$3,250,000
For Sale
$3,250,000
Two-level office building includes elevator service, fire suppression, and a backup generator, with multiple parking spaces and existing income.
Property Size19,791 SF
Lot Size2.20 Acres
Price / SF$164.22
Days on Market36
Property Features for 2525 Colonial Drive
General Information
- Standard status
- Active
- Size
- 19,791 SF
- Lot size
- 2.20 Acres
Building Details
- Year Built
- 1985
Listing agency
Coldwell Banker Commercial Green & Green
(406) 442-1736
Listed by
Tyler D Warne · License #98724
Source
Purewestrealestate
Added: Jun 16 Updated: Jul 21 at 4:44PM Checked: Jul 21 at 4:44PM
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 Coldwell Banker Commercial Green & Green
Investment Insights
Based on property information with market context.
This two-level office investment property totals 19,791 square feet and is served by an elevator, with ground-floor ADA access to both levels. The upper floor is fully occupied by an existing tenant. The lower level is demised into two separate units, with one unit currently leased and the other vacant, creating flexibility for lease-up or potential owner occupancy. Building systems include a full fire suppression system, a 1200-amp, 3-phase electrical service, and a 60 kW backup generator. The site consists of two parcels totaling approximately 2.2 acres with 118 existing parking spaces.
The property is located adjacent to St. Peters Health and near the I-15 interchange. It offers excess land that can be sold, held, or developed.
The seller has a condo declaration prepared and ready to sign, which would enable units to be sold off individually. The property is currently producing a 5.35 cap rate, with a stated pro forma cap rate of 8.08 upon lease-up.
The property is located adjacent to St. Peters Health and near the I-15 interchange. It offers excess land that can be sold, held, or developed.
The seller has a condo declaration prepared and ready to sign, which would enable units to be sold off individually. The property is currently producing a 5.35 cap rate, with a stated pro forma cap rate of 8.08 upon lease-up.
Key Highlights
- 19,791 SF two‑level office building (1985) on approx. 2.2 acres with 118 parking spaces
- Upper floor is fully occupied by an existing tenant; lower level has two demised units with 1 leased and 1 vacant for lease‑up upside
- 1200‑amp, 3‑phase electrical service plus 60 kW backup generator and a full fire suppression system
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 | $332.5k | $16.80 |
| − Vacancy | −$49.9k | −$2.52 |
| EGI | $282.6k | $14.28 |
| − OpEx | −$70.7k | −$3.57 |
| NOI | $212.0k | $10.71 |
19,791 SF · lease $16.80/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.03M
$2.65M – $3.53M
NOI $211,962 @ 7.0% cap · market cap 6.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.30M
$3.76M – $5.02M
NOI $300,950 @ 7.0% cap · market cap 9.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Credit Systems
Accounting Firm
Dusty Lindeen
Physician
John Harrington
Physician
Owens Law Firm, ...
Law Firm
Mark Bennett
Physician
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FAQs
What type of property is this?
Office building - Two-level office building includes elevator service, fire suppression, and a backup generator, with multiple parking spaces and existing income.
Where is this office building located?
The property is located at 2525 Colonial Drive Helena, MT.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: 19,791 SF two‑level office building (1985) on approx. 2.2 acres with 118 parking spaces; Upper floor is fully occupied by an existing tenant; lower level has two demised units with 1 leased and 1 vacant for lease‑up upside; 1200‑amp, 3‑phase electrical service plus 60 kW backup generator and a full fire suppression system
