Office Suite with Private
28 N Last Chance Gulch, Helena, MT 59601
For Sale
Contact for pricing
A main-floor workspace pairs enclosed offices with a generous open work area in a historic downtown building.
Property Size1,712 SF
Price / SF$0.01
Days on Market52
Property Features for 28 N Last Chance Gulch
General Information
Standard status
Size
Additional Details
Floor
Listing Agency:
Keller Williams Capital Realty
(406) 449-2181
Listed By:
Kathy Brown · License MT RRE-RBS-LIC-70986
(406) 459-8045
Source:
Glacierparkrealty
Added: Sep 24
Changed: Nov 6
Last Checked: Nov 12 at 7:18AM
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 Keller Williams Capital Realty
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Investment Insights
Based on property information with market context.
Located on the main floor of the Granite Hartwig Building, this 1,712-square-foot office suite contains four private offices and a large open work area. The building is identified as historic, and the suite is available for occupancy.
The property is at 28 N Last Chance Gulch in downtown Helena, within the city’s business district. Shopping, restaurants, financial services, government offices, and other downtown amenities are nearby.
The property is at 28 N Last Chance Gulch in downtown Helena, within the city’s business district. Shopping, restaurants, financial services, government offices, and other downtown amenities are nearby.
Key Highlights
- 1,712‑square‑foot office suite on the building’s main floor
- Four private offices plus a large open work area
- Located in the historic Granite Hartwig Building at 28 N Last Chance Gulch
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,336
Suggested Prices Based on Cap Rates
Cap Rate 5%
$366,720
$366.7K
Cap Rate 7%
$261,943
$261.9K
Cap Rate 9%
$203,733
$203.7K
Market Conditions
NOI Build-Up for 1,712 SF
Gross rent
$28.8K $16.80/SF
− Vacancy
−$4.3K −$2.52/SF
EGI
$24.4K $14.28/SF
− OpEx
−$6.1K −$3.57/SF
NOI
$18.3K $10.71/SF
Area
Lewis and Clark County, MT
Vacancy
15.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$366,720
Cap Rate 7%
$261,943
Cap Rate 9%
$203,733
Alternative Uses
Best Use
Office B
$261.9K
$229.2K – $305.6K
NOI $18,336 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$371.9K
$325.4K – $433.9K
NOI $26,033 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,459
Businesses Nearby
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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
$355,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Helena, MT
Properties on Market for Office Units in Helena
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - A main-floor workspace pairs enclosed offices with a generous open work area in a historic downtown building.
Where is this office unit located?
The property is located at 28 N Last Chance Gulch Helena, MT.
What are key features of this property?
This property features: 1,712‑square‑foot office suite on the building’s main floor; Four private offices plus a large open work area; Located in the historic Granite Hartwig Building at 28 N Last Chance Gulch
