Broadway Mixed-Use Commercial
414 Broadway, Missoula, MT 59802
For Sale
$495,000
Mixed-use building with office space and residential rental unit.
Property Size3,615 SF
Price / SF$136.93
Days on Market236
Property Features for 414 Broadway
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Listing Agency:
PureWest Real Estate - Missoula
Listed By:
David Jacob Wells · License MT RRE-RBS-LIC-71532
(406) 640-1279
Source:
Clearwaterproperties
Added: Mar 24
Changed: Nov 12
Last Checked: Nov 12 at 4:57AM
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 PureWest Real Estate - Missoula
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Investment Insights
Based on property information with market context.
This mixed-use commercial building on Broadway features 1439 square feet of office space, currently configured with a walk-in front desk, multiple offices and storage rooms, a kitchenette, and bathrooms. The space is suitable for a variety of business ventures. Upstairs, there is a 1412-square-foot, two-bedroom rental unit. The property also includes a 764-square-foot unfinished basement for additional storage. Parking is provided by six spaces in the back, including one handicap space, along with additional street parking. The property is located in a high-traffic area.
Key Highlights
- Mixed‑use commercial building in a high‑traffic location.
- Commercial space: 1439 sq ft, suitable for various businesses.
- Upstairs rental unit: 2 bedrooms, 1412 sq ft.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,133
Cap Rate
8.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$842,660
$842.7K
Cap Rate 7%
$601,900
$601.9K
Cap Rate 9%
$468,144
$468.1K
Market Conditions
NOI Build-Up for 3,615 SF
Gross rent
$75.9K $21.00/SF
− Vacancy
−$19.7K −$5.46/SF
EGI
$56.2K $15.54/SF
− OpEx
−$14.0K −$3.89/SF
NOI
$42.1K $11.66/SF
Area
Missoula County, MT
Vacancy
26.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$842,660
Cap Rate 7%
$601,900
Cap Rate 9%
$468,144
Alternative Uses
Best Use
Office B
$601.9K
$526.7K – $702.2K
NOI $42,133 @ 7.0% cap · market cap 8.51%
Second Best
Mixed Use
$364.1K
$318.6K – $424.8K
NOI $25,486 @ 7.0% cap · market cap 5.15%
Theoretical Best
Specialty Retail
$1.04M
$912.0K – $1.22M
NOI $72,960 @ 7.0% cap · market cap 14.74%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
118
Businesses Nearby
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Business Placement
Demographics for 59802, MT
19,892
Population
10,416
Households
1.9
Avg Household Size
37
Median Age
52%
College-Educated
96%
High-School Grad
45.4 sq mi
ZIP Area
438
Density / Sq Mi
$65,054
Median Household Income
$36,541
Median Earnings
$1,021
Median Rent
$420,200
Median Home Value
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Market
Properties on Market for Mixed-use properties in Missoula
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with office space and residential rental unit.
Where is this mixed-use property located?
The property is located at 414 Broadway Missoula, MT.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Mixed‑use commercial building in a high‑traffic location.; Commercial space: 1439 sq ft, suitable for various businesses.; Upstairs rental unit: 2 bedrooms, 1412 sq ft.
