Flex Commercial Condo with
New
For Sale
$259,000
503 1st Avenue N #105, Great Falls, MT 59401
Flexible layout includes a large walk-in freezer and installed fire suppression system.
Days on Market3
Property Features for 503 1st Avenue N #105
General Information
Standard status
Active
Property subtype
Commercial
Warehouse & Industrial
Sprinkler System
Yes
Cold Storage
Yes
Amenities
walk-in freezer
Building Details
Building Size
749 SF
Year Built
1930
Listing Agency:
Dustin Young and Company
(760) 978-9580
Listed By:
Audrey Lazzarini · License #109078
(760) 978-9580
Source:
Avatarrealtymt
Added: Jul 30
Changed: Jul 31
Last Checked: Jul 31 at 11:27AM
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 Dustin Young and Company
Investment Insights
Based on property information with market context.
This downtown commercial condo offers a flexible floorplan configured for office, retail, storage, or specialty business use. The unit includes a large walk-in freezer and an installed fire suppression system, supporting food-related businesses, catering operations, specialty storage, and other cold-storage needs. The space is described as suitable for a small business, professional office, service-based company, boutique storefront, or combination of uses, with immediate occupancy and customization flexibility.
Located at 503 1st Avenue N #105 in Great Falls, the property is in the downtown area near restaurants including Fire Pizza and Crooked Tree Coffee. The location is within walking distance of downtown businesses and local amenities. The commercial condo was built in 1930.
Located at 503 1st Avenue N #105 in Great Falls, the property is in the downtown area near restaurants including Fire Pizza and Crooked Tree Coffee. The location is within walking distance of downtown businesses and local amenities. The commercial condo was built in 1930.
Key Highlights
- Large walk‑in freezer already installed
- Fire suppression system installed in the unit
- Flexible floorplan for office, retail, storage, or specialty business use
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $12.1k | $16.20 |
| − Vacancy | −$425 | −$0.57 |
| EGI | $11.7k | $15.63 |
| − OpEx | −$3.5k | −$4.69 |
| NOI | $8.2k | $10.94 |
749 SF · lease $16.20/SF/yr · vacancy 3.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$117.1K
$102.5K – $136.6K
NOI $8,196 @ 7.0% cap · market cap 3.16%
Second Best
Flex RnD
$93.9K
$82.2K – $109.5K
NOI $6,572 @ 7.0% cap · market cap 2.54%
Theoretical Best
Specialty Retail
$145.8K
$127.5K – $170.1K
NOI $10,203 @ 7.0% cap · market cap 3.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,762
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 59401, MT
13,030
Population
6,921
Households
1.9
Avg Household Size
39
Median Age
27%
College-Educated
93%
High-School Grad
3.0 sq mi
ZIP Area
4,343
Density / Sq Mi
$53,750
Median Household Income
$33,209
Median Earnings
$767
Median Rent
$206,100
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Similar Off Market Nearby
- SMOKED. American Barbecue — 203 2nd Ave N, Great Falls, MT 59401
Frequently Asked Questions
What type of property is this?
Flex space - Flexible layout includes a large walk-in freezer and installed fire suppression system.
Where is this flex space located?
The property is located at 503 1st Avenue N #105 Great Falls, MT.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: Large walk‑in freezer already installed; Fire suppression system installed in the unit; Flexible floorplan for office, retail, storage, or specialty business use
