Multi-Level Office
3011 Palmer Street, Missoula, MT 59808
For Sale
Contact for pricing
The floor plan combines private offices, conference rooms, and on-site parking for staff and visitors.
Property Size10,604 SF
Price / SF$219.73
Days on Market8
Property Features for 3011 Palmer Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Property Use
Amenities
kitchenette
restrooms on each level
multiple conference rooms
professional reception area
natural light
Building Details
Buildings
Listing Agency:
Sterling CRE Advisors
Listed By:
Connor McMahon · License MT RRE-RBS-LIC-88267
(406) 370-6424
Source:
Crexi
Added: Nov 2
Changed: Nov 8
Last Checked: Nov 8 at 5:27PM
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
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Investment Insights
Based on property information with market context.
This multi-level office building contains approximately 10,604 SF, with a layout organized around roughly 40 private offices, most with windows. Additional features include several conference rooms, a reception area, a kitchenette, and restrooms on every level. The finished below-grade floor adds usable space, with windows in some areas, and the building provides approximately 30 on-site parking stalls.
The property is in Missoula near North Reserve Street and West Broadway. Retail, dining, and transportation routes are nearby, and the surrounding corridor has medical activity. The configuration accommodates a range of office layouts, including single-occupant use or division into multiple suites.
The property is in Missoula near North Reserve Street and West Broadway. Retail, dining, and transportation routes are nearby, and the surrounding corridor has medical activity. The configuration accommodates a range of office layouts, including single-occupant use or division into multiple suites.
Key Highlights
- Approximately 10,604 SF of multi‑level office space
- Roughly 40 private offices, most with windows
- Finished below‑grade space; some rooms have windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$123,590
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,471,800
$2.5M
Cap Rate 7%
$1,765,571
$1.8M
Cap Rate 9%
$1,373,222
$1.4M
Market Conditions
NOI Build-Up for 10,604 SF
Gross rent
$222.7K $21.00/SF
− Vacancy
−$57.9K −$5.46/SF
EGI
$164.8K $15.54/SF
− OpEx
−$41.2K −$3.89/SF
NOI
$123.6K $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 Rate 5%
$2,471,800
Cap Rate 7%
$1,765,571
Cap Rate 9%
$1,373,222
Alternative Uses
Best Use
Office B
$1.77M
$1.54M – $2.06M
NOI $123,590 @ 7.0% cap · market cap 5.30%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.06M
$2.68M – $3.57M
NOI $214,015 @ 7.0% cap · market cap 9.19%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,087
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Office buildings in Missoula
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - The floor plan combines private offices, conference rooms, and on-site parking for staff and visitors.
Where is this office building located?
The property is located at 3011 Palmer Street Missoula, MT.
What is the asking price?
The asking price for this property is $2,330,000.
What are key features of this property?
This property features: Approximately 10,604 SF of multi‑level office space; Roughly 40 private offices, most with windows; Finished below‑grade space; some rooms have windows
