Modern Office
2620 Connery Way, Missoula, MT 59808
For Sale
Contact for pricing
Modern office building with paved on-site parking and elevator service for tenant and visitor convenience.
Property Size19,035 SF
Price / SF$208.83
Days on Market1142
Property Features for 2620 Connery Way
General Information
Standard status
Size
Property subtype
Amenities
paved on-site parking
elevator service
Listing Agency:
Sterling CRE Advisors
(406) 203-4547
Listed By:
Connor McMahon · License MT RRE-RBS-LIC-88267
(406) 370-6424
Source:
Moodyscre
Added: Sep 25, 2023
Changed: Nov 3
Last Checked: Nov 8 at 8:50AM
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 Sterling CRE Advisors
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Investment Insights
Based on property information with market context.
This modern office building offers a practical setup for professional uses, with elevator service and paved on-site parking. The improvements are well-suited for day-to-day operations where access and vertical circulation matter.
Located at 2620 Connery Way in Missoula, MT 59808, the property is presented for sale and provides on-site parking designed to support tenants, employees, and visitors. Elevator service helps accommodate multiple levels within the building.
Overall, this is a streamlined office asset with core amenity coverage for an office tenant profile, combining elevator access with paved parking at the property.
Located at 2620 Connery Way in Missoula, MT 59808, the property is presented for sale and provides on-site parking designed to support tenants, employees, and visitors. Elevator service helps accommodate multiple levels within the building.
Overall, this is a streamlined office asset with core amenity coverage for an office tenant profile, combining elevator access with paved parking at the property.
Key Highlights
- Modern office building
- Paved on‑site parking
- Elevator service for tenant and visitor convenience
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$221,853
Cap Rate
5.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,437,060
$4.4M
Cap Rate 7%
$3,169,329
$3.2M
Cap Rate 9%
$2,465,033
$2.5M
Market Conditions
NOI Build-Up for 19,035 SF
Gross rent
$399.7K $21.00/SF
− Vacancy
−$103.9K −$5.46/SF
EGI
$295.8K $15.54/SF
− OpEx
−$74.0K −$3.89/SF
NOI
$221.9K $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 Rate 5%
$4,437,060
Cap Rate 7%
$3,169,329
Cap Rate 9%
$2,465,033
Alternative Uses
Best Use
Office B
$3.17M
$2.77M – $3.70M
NOI $221,853 @ 7.0% cap · market cap 5.58%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.49M
$4.80M – $6.40M
NOI $384,174 @ 7.0% cap · market cap 9.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
700
Businesses Nearby
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Business Placement
Demographics for 59808, MT
21,546
Population
9,938
Households
2.2
Avg Household Size
38
Median Age
40%
College-Educated
97%
High-School Grad
157.1 sq mi
ZIP Area
137
Density / Sq Mi
$76,795
Median Household Income
$39,324
Median Earnings
$1,236
Median Rent
$419,800
Median Home Value
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Market
Properties on Market for Office buildings in Missoula
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Modern office building with paved on-site parking and elevator service for tenant and visitor convenience.
Where is this office building located?
The property is located at 2620 Connery Way Missoula, MT.
What is the asking price?
The asking price for this property is $3,975,000.
What are key features of this property?
This property features: Modern office building; Paved on‑site parking; Elevator service for tenant and visitor convenience
