Two-Level Medical Office
New
For Sale
$875,000
2748 Colonial, Helena, MT 59601
The main floor combines treatment rooms and an open gym, while the lower floor contains professional offices leased through June 2027.
Property Size4,072 SF
Lot Size0.43 Acres
Price / SF$214.88
Days on Market1
Property Features for 2748 Colonial
General Information
Standard status
Active
Size
4,072 SF
Total Parking Spaces
13
Lot size
0.43 Acres
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$13,626
Amenities
grade level entrance
ADA restroom
break room
work room
shower
3-phase power
Garage: On Street
On Street
Building Details
Year Built
2008
Buildings
1
Stories
2
Building Size
4,072 SF
Tenancy
Multi
Listing Agency:
Coldwell Banker Commercial Green & Green
Listed By:
Tyler D Warne · License #98724
(406) 442-1736
Source:
Clearwaterproperties
Added: Oct 15
Last Checked: Oct 15 at 2:35AM
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 standalone medical office building contains 4,072 square feet across two levels on a 0.43-acre site. Built in 2008 and recently updated, it has 2,036 square feet on the main floor, including a grade-level entrance, accessible restroom and four treatment rooms, along with a waiting area, reception, two private offices and an open gym with tall ceilings. The main floor will be vacant at closing. The lower level, reached by stairs, provides approximately 2,036 square feet of office space with a break room, work room and shower; two tenants lease this level through June 2027.
The property is near the St. Pete’s and Shodair campuses, with access to I-15. Parking includes 13 asphalt spaces and street parking. Utilities are separately metered by floor, and the building has 3-phase power.
The property is near the St. Pete’s and Shodair campuses, with access to I-15. Parking includes 13 asphalt spaces and street parking. Utilities are separately metered by floor, and the building has 3-phase power.
Key Highlights
- 4,072‑square‑foot medical office building on 0.43 acres
- Two 2,036‑square‑foot levels; lower‑level area is approximate
- Main level includes four treatment rooms, two private offices and an open gym
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,714
Cap Rate
5.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,014,280
$1.0M
Cap Rate 7%
$724,486
$724.5K
Cap Rate 9%
$563,489
$563.5K
Market Conditions
NOI Build-Up for 4,072 SF
Gross rent
$90.4K $22.20/SF
− Vacancy
−$5.9K −$1.44/SF
EGI
$84.5K $20.76/SF
− OpEx
−$33.8K −$8.30/SF
NOI
$50.7K $12.45/SF
Area
Lewis and Clark County, MT
Vacancy
6.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,014,280
Cap Rate 7%
$724,486
Cap Rate 9%
$563,489
Alternative Uses
Best Use
Healthcare Medical
$724.5K
$633.9K – $845.2K
NOI $50,714 @ 7.0% cap · market cap 5.80%
Second Best
Office B
$623.0K
$545.1K – $726.9K
NOI $43,611 @ 7.0% cap · market cap 4.98%
Theoretical Best
Office A
$884.6K
$774.0K – $1.03M
NOI $61,920 @ 7.0% cap · market cap 7.08%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
668
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 59601, MT
30,848
Population
15,937
Households
1.9
Avg Household Size
41
Median Age
51%
College-Educated
96%
High-School Grad
130.2 sq mi
ZIP Area
237
Density / Sq Mi
$70,502
Median Household Income
$44,000
Median Earnings
$1,023
Median Rent
$355,000
Median Home Value
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - The main floor combines treatment rooms and an open gym, while the lower floor contains professional offices leased through June 2027.
Where is this medical office space located?
The property is located at 2748 Colonial Helena, MT.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 4,072‑square‑foot medical office building on 0.43 acres; Two 2,036‑square‑foot levels; lower‑level area is approximate; Main level includes four treatment rooms, two private offices and an open gym
