NNN Multi-Tenant Retail
For Sale
Contact for pricing
3217 Brooks St, Missoula, MT 59801
Fully occupied NNN multi-tenant retail building with recent flooring and paint upgrades.
Property Size8,800 SF
Price / SF$181.25
Days on Market180
Property Features for 3217 Brooks St
General Information
Standard status
Active
Size
8,800 SF
Property subtype
RETAIL
Occupancy
100%
Additional Details
Traffic Count
25,000 vehicles/day
Building Details
Tenancy
Multi
Listing Agency:
SVN PureWest Commercial Real Estate
(406) 212-0112
Listed By:
Devin Khoury · License #RRE-BRO-LIC-14766
(406) 207-8200
Source:
Moodyscre
Added: Mar 9
Changed: Aug 26
Last Checked: Sep 4 at 6:09PM
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 SVN PureWest Commercial Real Estate
Investment Insights
Based on property information with market context.
This NNN multi-tenant retail property is offered for sale as a fully occupied investment. The building has recent upgrades including new flooring and paint, supporting a clean, ready-to-rent presentation. The current income performance is described as more than $100,000 NOI, backed by NNN lease structure.
Exposure is a key attribute: daily traffic counts of almost 25,000 cars per day are reported through the intersection, providing consistent visibility for the tenant mix.
The offering is positioned for buyers seeking a stabilized, NNN income stream within a retail center format, with all units reported as currently occupied.
Exposure is a key attribute: daily traffic counts of almost 25,000 cars per day are reported through the intersection, providing consistent visibility for the tenant mix.
The offering is positioned for buyers seeking a stabilized, NNN income stream within a retail center format, with all units reported as currently occupied.
Key Highlights
- NNN multi‑tenant retail building with fully occupied status
- More than $100,000 NOI
- Daily exposure from nearly 25,000 cars per day at the intersection
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
$108,662
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
6.81%
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%
$2,173,240
$2.2M
Cap Rate 7%
$1,552,314
$1.6M
Cap Rate 9%
$1,207,356
$1.2M
Market Conditions
NOI Build-Up for 8,800 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
$158.4K $18.00/SF
− Vacancy
−$3.2K −$0.36/SF
EGI
$155.2K $17.64/SF
− OpEx
−$46.6K −$5.29/SF
NOI
$108.7K $12.35/SF
Area
Missoula County, MT
Vacancy
2.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$2,173,240
Cap Rate 7%
$1,552,314
Cap Rate 9%
$1,207,356
Alternative Uses
Best Use
Retail
$1.55M
$1.36M – $1.81M
NOI $108,662 @ 7.0% cap · market cap 6.81%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.54M
$2.22M – $2.96M
NOI $177,606 @ 7.0% cap · market cap 11.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
25,000 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,229
Businesses Nearby
403k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 42%
Dining 26%
Shops & Services 17%
Home Improvements & Furnishings 8%
Scheels
Apparel
81,796 visits/mo
0.3 miles
Hobby Lobby
Shops & Services
46,562 visits/mo
0.3 miles
Dillard's
Apparel
36,798 visits/mo
0.5 miles
AMC Dine-In Southgate 9
Leisure
29,686 visits/mo
0.3 miles
Kohl's
Apparel
29,571 visits/mo
0.5 miles
Demographics for 59801, MT
30,629
Population
15,814
Households
1.9
Avg Household Size
34
Median Age
51%
College-Educated
97%
High-School Grad
7.7 sq mi
ZIP Area
3,978
Density / Sq Mi
$55,022
Median Household Income
$34,320
Median Earnings
$1,086
Median Rent
$393,400
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
NNN property - Fully occupied NNN multi-tenant retail building with recent flooring and paint upgrades.
Where is this nnn property located?
The property is located at 3217 Brooks St Missoula, MT.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: NNN multi‑tenant retail building with fully occupied status; More than $100,000 NOI; Daily exposure from nearly 25,000 cars per day at the intersection
