Mixed-Use Office
For Sale
$495,000
414 W Broadway Street, Missoula, MT 59802
CommercialSale, Missoula, MT
Property Size1,439 SF
Lot Size0.11 Acres
Price / SF$343.99
Days on Market833
Property Features for 414 W Broadway Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Zoning description
C1-4
Rooms
Basement
Parking
6
Directions
From I-90 take exit 104 for Orange St. continue south staying on Orange St. turn right on Broadway and the property will be on your right. Parking located behind the building.
Standard status
Active
APN
04220021131020000
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
WJ MCCORMICKS ADDITION, S21, T13 N, R19 W, BLOCK 17, Lot 20, & W 5' OF LOT 21
Tax Annual Amount
8811
Legal Description
WJ MCCORMICKS ADDITION, S21, T13 N, R19 W, BLOCK 17, Lot 20, & W 5' OF LOT 21
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Natural Gas
Water source
Public
Amenities
walk in front desk
multiple offices/storage rooms
kitchenette
bathrooms
Building Details
Year built
1950
Listing Agency:
PureWest Real Estate - Missoula
(406) 541-4000
Listed By:
David Jacob Wells · License #RRE-RBS-LIC-71532
(406) 640-1279
Added: Jun 27, 2024
Changed: Oct 7
Last Checked: Oct 7 at 10:06PM
MLS# 30029011
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.
Investment Insights
Based on property information with market context.
This 1950 mixed-use building includes a 1,439-square-foot office area with a reception desk, several private offices, storage rooms, a kitchenette, and bathrooms. The upper level contains a 1,412-square-foot two-bedroom rental, while a 764-square-foot unfinished basement provides additional storage capacity. Six rear parking spaces are included, with one designated for handicap parking, along with some street parking.
The property is located at 414 W Broadway Street in Missoula and is served by public water and public sewer. Natural gas and hot water heating are in place, and the property carries Commercial zoning.
The property is located at 414 W Broadway Street in Missoula and is served by public water and public sewer. Natural gas and hot water heating are in place, and the property carries Commercial zoning.
Key Highlights
- 1,439 SF office area with reception, offices, storage rooms, kitchenette, and bathrooms
- 1,412 SF upstairs two‑bedroom rental
- 764 SF unfinished basement for storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,772
Cap Rate
3.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$335,440
$335.4K
Cap Rate 7%
$239,600
$239.6K
Cap Rate 9%
$186,356
$186.4K
Market Conditions
NOI Build-Up for 1,439 SF
Gross rent
$30.2K $21.00/SF
− Vacancy
−$7.9K −$5.46/SF
EGI
$22.4K $15.54/SF
− OpEx
−$5.6K −$3.89/SF
NOI
$16.8K $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%
$335,440
Cap Rate 7%
$239,600
Cap Rate 9%
$186,356
Alternative Uses
Best Use
Office B
$239.6K
$209.7K – $279.5K
NOI $16,772 @ 7.0% cap · market cap 3.39%
Second Best
Mixed Use
$144.9K
$126.8K – $169.1K
NOI $10,145 @ 7.0% cap · market cap 2.05%
Theoretical Best
Specialty Retail
$414.9K
$363.0K – $484.1K
NOI $29,043 @ 7.0% cap · market cap 5.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,200
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
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercially zoned property combining office space, an upstairs residential rental, and on-site parking.
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: 1,439 SF office area with reception, offices, storage rooms, kitchenette, and bathrooms; 1,412 SF upstairs two‑bedroom rental; 764 SF unfinished basement for storage
