Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    10-Acre Property with Income Potential Title is generated by Realmo AI

    2823 Airport Road, Helena, MT 59601

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $5,350,000

    10-acre property with four buildings, long-term leases, and growth potential.

    Type:Commercial/Industrial
    Lot size:
    10.08 Acres
    Added:
    Mar 24, 2026
    Days on Market:
    59
    Last Refresh:
    Feb 10 at 10:39 am

    Property Features for 2823 Airport Road

    General Information

    Standard status
    Active
    Lot size
    10.08 Acres
    Property subtype
    Commercial/Industrial

    We can help!

    Listing Contact
    John E Lagerquist
    John E Lagerquist

    Listing agent John E Lagerquist License #RRE-BRO-LIC-53942

    Listing office Century 21 Heritage Realty - Helena

    Listing date Mar 24, 2026

    Source Exitrealty

    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 Century 21 Heritage Realty - Helena

    HighLights

    • Outstanding income from long‑term leases on three buildings (2819, 2823, and 2827).
    • 10‑acre property with four buildings.
    • City water and city sewer access.
    • Two additional wells for irrigation.
    • Potential for additional growth.
    • One building (2831) is available for lease.

    Overview

    This is a 10-acre property featuring four buildings with related spaces. Buildings at 2819, 2823, and 2827 Airport Road are currently committed to long-term leases, providing an existing income stream. The building at 2831 Airport Road is currently not leased but is listed for lease. The property is connected to city water and city sewer services and includes two additional wells for irrigation of lawns and landscaping. Financial details are available subject to a signed non-disclosure agreement. The property offers potential for additional growth.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Hair Salon Auto Repair Shop Big Box & Wholesale Store Nail Salon Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Helena
    County
    Lewis and Clark
    State
    Montana
    Longitude
    -111.990629
    Latitude
    46.6013733

    Nearby Similar for Sale

    • $385,000

      Helena Land with Lake Views

      2.34-acre lot with lake and mountain views in Settlers’ Cove.
      5626 Rainbow Drive, Helena, MT 59602
      View Details
    • $525,000

      Helena Commercial Corner Lot

      Development opportunity in expanding commercial district with flexible zoning.
      1414 Cherry Avenue, Helena, MT 59601
      View Details
    • $735,000
      3,854 SF

      Craftsman-Style Office Unit For Sale

      Two-story office unit ideal for wellness uses.
      3390 Colton Drive Unit B Helena, MT 59602
      View Details
    • $999,000
      14,338 SF

      Two-Story Flex Building For Sale

      Two-story, 14,338 SF flex building with recent significant improvements.
      1531 National Ave Helena, MT 59601
      View Details
    • $650,000
      1,751 SF

      Helena Home with Heated Shop

      One-level home with shop near Helena city limits.
      3660 N Montana Avenue, Helena, MT 59602
      View Details
    • $159,900

      Helena Vacant Land Opportunity

      0.79-acre vacant lot with investment potential in Helena, Montana.
      3090 E Custer Avenue, Helena, MT 59602
      View Details
    • $699,000

      Prime Commercial Land in Helena

      High-traffic commercial land with utilities in place, ready to build.
      2216 N Montana Avenue, Helena, MT 59601
      View Details
    • $154,900

      Helena, MT Vacant Commercial Lot

      Versatile commercial lot in high-demand Helena location.
      Phoenix Avenue, Helena, MT 59601
      View Details
    • $165,000

      Helena Land with Mountain Views

      One acre lot near Helena, MT, with mountain views.
      3780 Cupid Drive, Helena, MT 59602
      View Details
    • $144,900

      Helena Commercial Lot For Sale

      High-exposure commercial lot in expanding downtown Helena area.
      2000 N Last Chance Gulch, Helena, MT 59601
      View Details
    • $189,000

      20 Acres with Mountain Views

      20-acre parcel for estate or retreat with mountain views.
      Tract 30 Turk Road, Helena, MT 59602
      View Details
    • $300,000

      Helena, MT Commercial Corner Lot

      Prime commercial corner lot in Helena, suitable for various businesses.
      TBD Lot 7-8 Argyle Street, Helena, MT 59601
      View Details

    FAQs

    What type of property is this?
    Industrial property - 10-acre property with four buildings, long-term leases, and growth potential.
    Where is this industrial property located?
    The property is located at 2823 Airport Road Helena, MT.
    What is the asking price?
    The asking price for this property is $5,350,000.
    What are key features of this property?
    This property features: Outstanding income from long‑term leases on three buildings (2819, 2823, and 2827).; 10‑acre property with four buildings.; City water and city sewer access.
    (406) 443-1432
    We can help!
    Listing Contact
    John E Lagerquist
    John E Lagerquist
    Real Estate License ID: RRE-BRO-LIC-53942
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2823 Airport Road, Helena, MT 59601
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!