Helena Mixed-Use Property For
For Sale
Contact for pricing
3210 Euclid Ave, Helena, MT 59601
Two buildings on 1.05 acres suitable for various commercial uses.
Property Size6,128 SF
Lot Size1.05 Acres
Price / SF$114.07
Days on Market682
Property Features for 3210 Euclid Ave
General Information
Standard status
Active
Size
6,128 SF
Lot size
1.05 Acres
Property subtype
Office, Mixed Use
Zoning
CLM
Building Details
Year Built
1999
Buildings
2
Stories
2
Units
1
Listing Agency:
Sterling CRE Advisors
(406) 360-3102
Listed By:
Claire Matten, CCIM/SIOR · License #RRE-BRO-LIC-90048
Source:
Crexi
Added: Oct 9, 2024
Changed: Aug 17
Last Checked: Aug 19 at 1:29PM
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.
Located just off Highway 12 on Euclid Avenue in Helena, Montana, this mixed-use property at 3210 Euclid Avenue caters to a wide range of commercial needs. It is an ideal fit for an administrative-focused business, office, group care, or educational facility. Situated in an area experiencing robust growth, the property benefits from highway accessibility while maintaining a quiet neighborhood feel. The property includes two buildings on 1.05 acres. There is ample surface parking with 26 spaces, a kitchenette, an ADA restroom, a shower, private offices, and bullpen space. With new retail development in the works adjacent to the subject property along Euclid, the subject property offers the opportunity to move into one of Helena’s sprawling suburban areas. The property size is 6,128 square feet.
Key Highlights
- Located in an area experiencing robust growth with new retail development planned nearby.
- Ideal for administrative, office, group care, or educational facility.
- Highway accessibility combined with a quiet neighborhood feel.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$41,364
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.92%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$827,280
$827.3K
Cap Rate 7%
$590,914
$590.9K
Cap Rate 9%
$459,600
$459.6K
Market Conditions
NOI Build-Up for 6,128 SF
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.
Gross rent
$73.5K $12.00/SF
− Vacancy
−$7.4K −$1.20/SF
EGI
$66.2K $10.80/SF
− OpEx
−$24.8K −$4.05/SF
NOI
$41.4K $6.75/SF
Area
Lewis and Clark County, MT
Vacancy
10.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$827,280
Cap Rate 7%
$590,914
Cap Rate 9%
$459,600
Alternative Uses
Best Use
Office B
$937.6K
$820.4K – $1.09M
NOI $65,631 @ 7.0% cap · market cap 9.39%
Second Best
Mixed Use
$590.9K
$517.1K – $689.4K
NOI $41,364 @ 7.0% cap · market cap 5.92%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $93,185 @ 7.0% cap · market cap 13.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
52
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?
Mixed-use property - Two buildings on 1.05 acres suitable for various commercial uses.
Where is this mixed-use property located?
The property is located at 3210 Euclid Ave Helena, MT.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Located in an area experiencing robust growth with new retail development planned nearby.; Ideal for administrative, office, group care, or educational facility.; Highway accessibility combined with a quiet neighborhood feel.
