Medical Office Building with Expansion
2875 Tina Avenue Missoula, MT 59808
2875 Tina Avenue, Missoula, MT, 59808
Contact for pricing
For Sale
Contact for pricing
Purpose-built medical office with expansion and income potential.
Property Size39,326 SF
Price / SF$174.19
Days on Market71
Property Features for 2875 Tina Avenue
General Information
- Standard status
- Active
- Size
- 39,326 SF
- Property subtype
- Office
Building Details
- Year Built
- 2000
Listing agency
Sterling CRE Advisors
(425) 250-3290
Listed by
Matt Mellott, CCIM, SIOR · License #MT RRE-RBS-BRO-52907
Source
Crexi
Added: May 12 Updated: Jul 10 at 1:35PM Checked: Jul 21 at 4:58AM
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 Sterling CRE Advisors
Investment Insights
Based on property information with market context.
The property at 2875 Tina Avenue is a purpose-built medical office building located in an active commercial area of Missoula. The building has a total area of approximately 39,236 square feet. The main level is approximately 24,372 square feet and is configured as multi-tenant medical office space. The lower level, approximately 14,864 square feet, is unfinished but was originally designed for lab and operatory space, offering expansion possibilities. Access to the lower level is provided by two separate entrances, a personnel elevator, and a freight elevator. The property is partially leased, providing current income from established tenants. Approximately 11,287 square feet of contiguous space is scheduled to become available in the summer of 2026. The building is designed for medical use and includes a covered patient drop-off portico, heated sidewalks, and RFID entry. The interior features high ceilings, architectural beams, and a bright environment. The property is located off North Reserve Street near Costco, with access to Interstate 90, providing accessibility for patients.
Key Highlights
- Purpose‑built medical office building in an active commercial corridor.
- Significant expansion potential with an unfinished ±14,864‑square‑foot lower level designed for lab and operatory space.
- In‑place income from established tenants, with ±11,287 square feet of contiguous space becoming available in Summer 2026.
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $991.0k | $25.20 |
| − Vacancy | −$104.1k | −$2.65 |
| EGI | $887.0k | $22.55 |
| − OpEx | −$354.8k | −$9.02 |
| NOI | $532.2k | $13.53 |
39,326 SF · lease $25.20/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$7.60M
$6.65M – $8.87M
NOI $532,175 @ 7.0% cap · market cap 7.77%
Second Best
Office B
$6.55M
$5.73M – $7.64M
NOI $458,345 @ 7.0% cap · market cap 6.69%
Theoretical Best
Specialty Retail
$11.34M
$9.92M – $13.23M
NOI $793,697 @ 7.0% cap · market cap 11.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Three Rivers Physical ...
Physician
Divine - Reiki Healing ...
Alternative Medicine Practice
Dr. Sarah Ryan
Physician
Dr. Tina Nichols
Pediatrician
Five Valleys Urology
Physician
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FAQs
What type of property is this?
Medical Office Space - Purpose-built medical office with expansion and income potential.
Where is this medical office space located?
The property is located at 2875 Tina Avenue Missoula, MT.
What is the asking price?
The asking price for this property is $6,850,000.
What are key features of this property?
This property features: Purpose‑built medical office building in an active commercial corridor.; Significant expansion potential with an unfinished ±14,864‑square‑foot lower level designed for lab and operatory space.; In‑place income from established tenants, with ±11,287 square feet of contiguous space becoming available in Summer 2026.
