Building Details

Building Size 3,615 SF

Year Built 1950

Listing Agency: PureWest Real Estate - Missoula

Listed By: David Wells · License #RRE-RBS-LIC-71532 Show Phone

Source: Purewestrealestate

Added: Apr 8 Changed: Oct 19 Last Checked: Oct 19 at 3:24AM

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Investment Insights

Based on property information with market context.

This mixed-use commercial building on Broadway is currently configured as office space with a rental unit upstairs. The commercial space encompasses 1439 square feet and features a walk-in front desk, multiple offices and storage rooms, a kitchenette, and bathrooms. The upstairs rental unit is a 2-bedroom apartment with 1412 square feet. An unfinished basement space of 764 square feet provides additional storage. Parking includes 6 spaces, with 1 handicap space in the back, as well as street parking. The property is well-suited for a variety of business ventures due to its high-traffic location.

Key Highlights

• High‑traffic location on Broadway suitable for various business ventures
• Mixed‑use commercial building with both office and residential rental income potential
• 1439 sq ft of office space featuring a front desk, multiple offices/storage, kitchenette, and bathrooms

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

Is this asking price fair?

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 (±1% cap)

NOI $42,133 @ 7.0% cap · market cap 8.51%

Second Best

Apartment 5plus

$551.3K

$482.4K – $643.2K (±1% cap)

NOI $38,591 @ 7.0% cap · market cap 7.80%

Theoretical Best

Specialty Retail

$1.04M

$912.0K – $1.22M (±1% cap)

NOI $72,960 @ 7.0% cap · market cap 14.74%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Bitterroot Property Management Property Management Company

Suggested Use

Top Pick Auto Parts Store Big Box & Wholesale Store Storage Facility Electrical Service Grocery & Convenience Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

118

Businesses Nearby

Explore this area 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

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

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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 W Broadway Street 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: High‑traffic location on Broadway suitable for various business ventures; Mixed‑use commercial building with both office and residential rental income potential; 1439 sq ft of office space featuring a front desk, multiple offices/storage, kitchenette, and bathrooms