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    Corner Retail or Office Suite Title is generated by Realmo AI

    401 W Broadway, Missoula, MT 59802

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    For Lease
    $4,000/Mo $34 SF/Yr (calc)

    COMMERCIAL - Missoula, MT

    Property size:
    1,385 SF
    Lot size:
    0.18 Acres
    Added:
    Jun 4, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 4 at 4:06 pm

    Property Features for 401 W Broadway

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    Commercial
    Parking
    9
    Standard status
    Active
    APN
    04220021123030000
    Lot size
    0.18 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    WJ MCCORMICKS ADDITION, S21, T13 N, R19 W, BLOCK 24, LOTS 1 & 2 & POR VAC FRONT ST & VAC ALLEY
    Tax Annual Amount
    13712

    Building Details

    Year built
    1994

    We can help!

    Listing Contact
    Julie Lingle Gardner
    Julie Lingle Gardner

    Listing agent Julie Lingle Gardner License #RRE-RBS-LIC-15881

    Listing office ERA Lambros Real Estate Missoula 3011 American Way, Missoula, MT

    Listing date Jun 4, 2026

    MLS# 30072385

    Copyright © 2026 Montana Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Highly visible corner location on Broadway and Orange Street
    • 1,385 SF commercial space suitable for retail or office use
    • Year built 1994
    • Updates planned prior to occupancy: new flooring and fresh interior paint
    • Accessible with consistent traffic counts reported in remarks

    Overview

    This 1,385 SF commercial space is positioned for strong street-level presence at a highly visible corner on Broadway and Orange Street. The suite is suited for either retail or office use and is being prepared prior to occupancy with new flooring and fresh interior paint, subject to acceptable lease terms.

    Located in Missoula within Commercial zoning, the space benefits from convenient access and consistent traffic counts at the corner intersection. This combination of visibility and accessibility can support tenants looking for a customer-facing storefront or a directly accessible professional office environment.

    With the interior updates scheduled prior to occupancy, the suite provides a clean, ready-to-use baseline for a tenant to tailor the space to their needs. Prospective users should review the acceptable lease terms for the scope of the pre-occupancy improvements and confirm any layout or buildout expectations prior to committing.
    Property Profile Location Intelligence

    Current Use by Public Records

    Farm To Market Pork Grocery & Convenience Store Techworks: Computer Counseling Computer & Electronic Repair

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Spa & Massage Center Law Firm Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Missoula
    County
    Missoula
    State
    Montana
    Longitude
    -113.998791
    Latitude
    46.873185

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    FAQs

    What type of property is this?
    Retail space - Corner commercial suite with updated flooring and fresh interior paint for a retail or office user in Missoula.
    Where is this retail space located?
    The property is located at 401 W Broadway Missoula, MT.
    What is the lease rate?
    The lease rate is $4,000 /Mo.
    What are key features of this property?
    This property features: Highly visible corner location on Broadway and Orange Street; 1,385 SF commercial space suitable for retail or office use; Year built 1994
    (406) 532-9233
    We can help!
    Listing Contact
    Julie Lingle Gardner
    Julie Lingle Gardner
    Real Estate License ID: RRE-RBS-LIC-15881
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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