For Sale
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3708 N Reserve St, Missoula, MT 59808
Banks
Property Size7,012 SF
Lot Size0.66 Acres
Price / SF$313.75
Days on Market908
Property Features for 3708 N Reserve St
General Information
Standard status
Active
Size
7,012 SF
Class
A
Total Parking Spaces
19
Lot size
0.66 Acres
Property subtype
Retail
Zoning
LU-MU; City of Missoula
Building Details
Year Built
2007
Buildings
1
Stories
2
Listing Agency:
Sterling CRE Advisors
Listed By:
Claire Matten, CCIM/SIOR · License #RRE-BRO-LIC-90048
(406) 360-3102
Source:
Crexi
Added: Apr 23, 2024
Changed: Oct 12
Last Checked: Oct 16 at 9:21AM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Key Highlights
- High‑traffic location on North Reserve Street, Missoula's busiest corridor, offering excellent visibility and accessibility.
- Rare drive‑thru capability with a triple drive‑thru, ideal for various business types.
- Well‑maintained, two‑story building with ±7,012 SF of office/retail space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$141,520
Cap Rate
6.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,830,400
$2.8M
Cap Rate 7%
$2,021,714
$2.0M
Cap Rate 9%
$1,572,444
$1.6M
Market Conditions
NOI Build-Up for 7,012 SF
Gross rent
$193.5K $27.60/SF
− Vacancy
−$4.8K −$0.69/SF
EGI
$188.7K $26.91/SF
− OpEx
−$47.2K −$6.73/SF
NOI
$141.5K $20.18/SF
Area
Missoula County, MT
Vacancy
2.50%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,830,400
Cap Rate 7%
$2,021,714
Cap Rate 9%
$1,572,444
Alternative Uses
Best Use
Specialty Retail
$2.02M
$1.77M – $2.36M
NOI $141,520 @ 7.0% cap · market cap 6.43%
Second Best
Retail
$1.24M
$1.08M – $1.44M
NOI $86,584 @ 7.0% cap · market cap 3.94%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
552
Businesses Nearby
116k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 62%
Shops & Services 17%
Hotels & Casinos 17%
Home Improvements & Furnishings 3%
Panda Express
Dining
26,069 visits/mo
0.1 miles
McDonald's
Dining
18,098 visits/mo
0.3 miles
Freddy's Frozen Custard & Steakburgers
Dining
15,411 visits/mo
0.5 miles
Cenex
Shops & Services
13,996 visits/mo
0.4 miles
IHOP
Dining
7,616 visits/mo
0.1 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
Where is this bank located?
The property is located at 3708 N Reserve St Missoula, MT.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: High‑traffic location on North Reserve Street, Missoula's busiest corridor, offering excellent visibility and accessibility.; Rare drive‑thru capability with a **triple drive‑thru, ideal for various business types.**; Well‑maintained, two‑story building with ±7,012 SF of office/retail space.
