Flex Building With
For Sale
$875,000
3510 10th Avenue S, Great Falls, MT 59405
Steel commercial facility combining a heated work area with climate-controlled customer-facing space and office support.
Property Size3,600 SF
Price / SF$243.06
Days on Market68
Property Features for 3510 10th Avenue S
General Information
Standard status
Active
Size
3,600 SF
Property subtype
Commercial Building
Site & Location
Corner Location
Yes
Traffic Count
23,000 vehicles/day
Road Access
Yes
Warehouse & Industrial
Office Build-Out
1,200 SF
Voltage
220 V
Amenities
radiant floor heat
floor drains
220V service
overhead doors
LED lighting
air-conditioned showroom
private offices
Lot Size Square Feet: 15000
Metal Roof
Percentage of Tax that is Deductable: 0
Has Central AC: 1
Sale, Sale Type: Foreclosure, Sale Type: Auction, Availability Date: 2026-07-24, Online Only Auction, Auction URL: https://www.nationalauctionusa.com/auction/seller-financed-commercial-auction-10th-ave-s-great-falls-78633/details, Auction Start Time: 2026-07-17 11:00:00, Auction End Time: 2026-07-24 23:00:00
Built in 1996
Property Zone Type: 200
2 Full Baths
Building Details
Year Built
1996
Buildings
1
Building Size
3,600 SF
Construction
steel
Listing Agency:
National Auction
(406) 259-4730
Listed By:
Cash Seal
(406) 259-4730
Source:
Doyle-realty
Added: Jun 24
Changed: Aug 30
Last Checked: Aug 30 at 5:58AM
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 National Auction
Investment Insights
Based on property information with market context.
Built in 1996, this 3,600-square-foot flex facility combines a 2,400-square-foot shop with a 1,200-square-foot front showroom area. The shop includes boiler-fed radiant floor heat beneath 8-inch concrete, floor drains, multiple 220V service locations, Delta Rib steel construction, and overhead doors measuring 12 by 12 feet and 10 by 10 feet. The front section is air-conditioned and includes a reception area plus two private offices finished with 5/8-inch fire-code sheetrock. LED lighting serves the building, while the roof and floors are described as being in excellent condition.
The property occupies a full 40-by-90-foot footprint at 3510 10th Avenue S in Great Falls, Montana. It sits on a signalized corner along 10th Avenue South, a commercial corridor carrying more than 23,000 vehicles daily, with full access at the intersection. The property is offered as-is through an online auction, with bidding scheduled to close July 29, 2026, at 7:00 PM MDT, subject to seller confirmation.
The property occupies a full 40-by-90-foot footprint at 3510 10th Avenue S in Great Falls, Montana. It sits on a signalized corner along 10th Avenue South, a commercial corridor carrying more than 23,000 vehicles daily, with full access at the intersection. The property is offered as-is through an online auction, with bidding scheduled to close July 29, 2026, at 7:00 PM MDT, subject to seller confirmation.
Key Highlights
- 3,600 SF all‑steel flex building constructed in 1996
- 2,400 SF shop plus 1,200 SF air‑conditioned showroom
- Boiler‑fed radiant floor heat beneath 8‑inch concrete
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
$39,395
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
4.50%
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%
$787,900
$787.9K
Cap Rate 7%
$562,786
$562.8K
Cap Rate 9%
$437,722
$437.7K
Market Conditions
NOI Build-Up for 3,600 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
$58.3K $16.20/SF
− Vacancy
−$2.0K −$0.57/SF
EGI
$56.3K $15.63/SF
− OpEx
−$16.9K −$4.69/SF
NOI
$39.4K $10.94/SF
Area
Cascade County, MT
Vacancy
3.50%
Lease Rate
$16.20 /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%
$787,900
Cap Rate 7%
$562,786
Cap Rate 9%
$437,722
Alternative Uses
Best Use
Retail
$562.8K
$492.4K – $656.6K
NOI $39,395 @ 7.0% cap · market cap 4.50%
Second Best
Flex RnD
$451.3K
$394.9K – $526.5K
NOI $31,590 @ 7.0% cap · market cap 3.61%
Theoretical Best
Specialty Retail
$700.6K
$613.0K – $817.4K
NOI $49,042 @ 7.0% cap · market cap 5.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
23,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
197
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 59405, MT
33,578
Population
15,260
Households
2.2
Avg Household Size
35
Median Age
29%
College-Educated
94%
High-School Grad
479.4 sq mi
ZIP Area
70
Density / Sq Mi
$60,509
Median Household Income
$37,431
Median Earnings
$947
Median Rent
$236,800
Median Home Value
Market
Vacancy Rate% for Industrial 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?
Flex space - Steel commercial facility combining a heated work area with climate-controlled customer-facing space and office support.
Where is this flex space located?
The property is located at 3510 10th Avenue S Great Falls, MT.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 3,600 SF all‑steel flex building constructed in 1996; 2,400 SF shop plus 1,200 SF air‑conditioned showroom; Boiler‑fed radiant floor heat beneath 8‑inch concrete
