Professional Office Suite in
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2819 Great Northern Loop, Missoula, MT 59808
Well-appointed office suite in a desirable Missoula business district.
Property Size4,031 SF
Price / SF$334.90
Days on Market158
Property Features for 2819 Great Northern Loop
General Information
Standard status
Active
Size
4,031 SF
Property subtype
Mixed Use, Office
Building Details
Year Built
2008
Listing Agency:
Windermere RE Missoula
Listed By:
Kelly Donoghue · License #RRE-BRO-LIC-79258
Source:
Crexi
Added: Mar 17
Changed: Aug 7
Last Checked: Aug 20 at 4:16PM
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 RE Missoula
Investment Insights
Based on property information with market context.
Located in the Great Northern Loop business district, Suite 200 at 2819 Great Northern Loop in Missoula, MT, offers a commercial office suite suitable for various office or service-based businesses. The suite totals 4,031 square feet, including 3,561 square feet of private office space and 470 square feet of common area. Situated on the second floor, the suite benefits from abundant natural light and features multiple private offices, open work areas, and flexible meeting spaces. Elevator access ensures convenient entry for staff and visitors. The building is well-maintained with quality finishes. The property is conveniently located with easy access to Reserve Street, Interstate 90, and the greater Missoula commercial hub, and it benefits from strong surrounding businesses, restaurants, and services. Ample onsite parking is available for staff and visitors.
Key Highlights
- Prime location in the desirable Great Northern Loop business district of Missoula.
- Spacious 4,031 sq ft suite with a functional layout including private office space and common areas.
- Convenient access to Reserve Street, Interstate 90, and the Missoula commercial hub.
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
$46,981
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
3.48%
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%
$939,620
$939.6K
Cap Rate 7%
$671,157
$671.2K
Cap Rate 9%
$522,011
$522.0K
Market Conditions
NOI Build-Up for 4,031 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
$84.7K $21.00/SF
− Vacancy
−$22.0K −$5.46/SF
EGI
$62.6K $15.54/SF
− OpEx
−$15.7K −$3.89/SF
NOI
$47.0K $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%
$939,620
Cap Rate 7%
$671,157
Cap Rate 9%
$522,011
Alternative Uses
Best Use
Office B
$671.2K
$587.3K – $783.0K
NOI $46,981 @ 7.0% cap · market cap 3.48%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.16M
$1.02M – $1.36M
NOI $81,356 @ 7.0% cap · market cap 6.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
949
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Well-appointed office suite in a desirable Missoula business district.
Where is this office units located?
The property is located at 2819 Great Northern Loop Missoula, MT.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Prime location in the desirable Great Northern Loop business district of Missoula.; Spacious 4,031 sq ft suite with a functional layout including private office space and common areas.; Convenient access to Reserve Street, Interstate 90, and the Missoula commercial hub.
