Laurel Retail Building with
315 South 1st Avenue Laurel, MT 59044
315 South 1st Avenue, Laurel, MT, 59044
$1,295,000
For Sale
$1,295,000
3,397 SF retail building with redevelopment potential in Laurel, MT.
Property Size3,397 SF
Lot Size0.48 Acres
Price / SF$381.22
Days on Market113
Property Features for 315 South 1st Avenue
General Information
- Standard status
- Active
- Size
- 3,397 SF
- Lot size
- 0.48 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2007
Listing agency
NAI Business Properties
(406) 672-0435
Listed by
Ethan Kanning · License #R​R​E​-​R​B​S​-​L​I​C​-​4​5​6​8​2
Source
Naiglobal
Added: Apr 1 Updated: Jul 10 at 3:55PM Checked: Jul 21 at 4:53AM
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 NAI Business Properties
Investment Insights
Based on property information with market context.
The subject property features 3,397 square feet of retail space, divided into a 2,413-square-foot convenience store and a 984-square-foot casino. Constructed in 2007 and well-maintained, the property offers high visibility and accessibility on a hard corner with a lit intersection in Laurel, MT. The lot measures 21,000 square feet but functions as a 30,000-square-foot lot with east and north drive lanes. The site can accommodate a drive-thru with a smaller retail footprint, pending total square footage used and occupancy type; buyers should verify and complete their own due diligence. The seller will remove tanks and canopies at their own expense if desired. The buyer can continue the Cenex fuel contract, or the seller will terminate the fuel contract if desired by the buyer at closing. The casino is owner-operated and can be relocated, or a sale-leaseback is available. The property is suitable for a gas user or retail redevelopment.
Key Highlights
- Excellent visibility and access on a hard corner with a lit intersection.
- 3,397 SF Gas/Retail Building suitable for gas user or retail redevelopment.
- Potential for drive‑thru with smaller retail footprint (buyer to verify).
Local Financial Insights For Specialty Retail
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 | $68.1k | $20.04 |
| − Vacancy | −$1.7k | −$0.50 |
| EGI | $66.4k | $19.54 |
| − OpEx | −$16.6k | −$4.88 |
| NOI | $49.8k | $14.65 |
3,397 SF · lease $20.04/SF/yr · vacancy 2.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$711.1K
$622.3K – $829.7K
NOI $49,780 @ 7.0% cap · market cap 3.84%
Second Best
Retail
$464.7K
$406.6K – $542.2K
NOI $32,530 @ 7.0% cap · market cap 2.51%
Theoretical Best
Office A
$737.9K
$645.7K – $860.9K
NOI $51,656 @ 7.0% cap · market cap 3.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Cenex
Gas Station
Cedar Ridge Casino
Hotel & Motel
Similar For Sale Nearby
Similar Off Market Nearby
- Albertsons — 205 S 1st Ave, Laurel, MT 59044
FAQs
What type of property is this?
Grocery and convenience store - 3,397 SF retail building with redevelopment potential in Laurel, MT.
Where is this grocery and convenience store located?
The property is located at 315 South 1st Avenue Laurel, MT.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Excellent visibility and access on a hard corner with a lit intersection.; 3,397 SF Gas/Retail Building suitable for gas user or retail redevelopment.; Potential for drive‑thru with smaller retail footprint (buyer to verify).
