Helena Investment Opportunity with Development
For Sale
Contact for pricing
Pending
2823 Airport Rd, Helena, MT 59601
Three leased buildings, one available, plus 6.8 acres for development.
Property Size13,457 SF
Lot Size6.80 Acres
Days on Market1016
Property Features for 2823 Airport Rd
General Information
Standard status
Pending
Size
13,457 SF
Class
A
Total Parking Spaces
45
Lot size
6.80 Acres
Property subtype
Land, Mixed Use, Special Purpose
Zoning
CLM
Occupancy
63%
Lease Type
NNN
Investment Type
Net Lease
Building Details
Buildings
4
Stories
2
Units
4
Tenancy
Multi
Listing Agency:
CENTURY 21 Heritage Realty
Listed By:
John Lagerquist · License #RRE-BRO-LIC-53942
(406) 439-0650
Source:
Crexi
Added: Nov 21, 2023
Changed: Aug 14
Last Checked: Aug 29 at 11:18PM
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
Investment Insights
Based on property information with market context.
This property features three office buildings and one garage, with three of the buildings fully leased, totaling 8457 square feet under NNN leases. There is a 5000-square-foot office building available for lease at a base rate of $11.50 per square foot, plus NNN charges of $5.25 per square foot, covering real property taxes, building insurance, and CAM charges (garbage, summer, and winter services). Tenants are responsible for gas, electric, water, and sewer services. Lease terms are 3-5 years with a 2.75% annual escalator. Financials are available upon submitting an NDA. The property includes approximately 6.8 acres of excess land with development potential for live/work spaces, light industrial flex buildings, and more. The land is valued at approximately $2.5M. Located within Helena city limits, all city services are available, plus wells for irrigation. The property offers easy access to the interstate and major arterials, and is in close proximity to the Helena Regional Airport and numerous retail centers. The total property size is 13457 square feet.
Key Highlights
- Significant income potential from three fully leased buildings (8457 sq ft, NNN leases).
- Substantial development opportunity with approximately 6.8 acres of excess land, valued at approximately $2.5M, suitable for various uses.
- One 5000 sq ft office building available for lease, offering immediate income potential ($11.50 base rate + $5.25 NNN).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
248
Businesses Nearby
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
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 building - Three leased buildings, one available, plus 6.8 acres for development.
Where is this office building located?
The property is located at 2823 Airport Rd 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: Significant income potential from three fully leased buildings (8457 sq ft, NNN leases).; Substantial development opportunity with approximately 6.8 acres of excess land, valued at approximately $2.5M, suitable for various uses.; One 5000 sq ft office building available for lease, offering immediate income potential ($11.50 base rate + $5.25 NNN).
