Freestanding Flex Condo
For Sale
Contact for pricing
5463 Trumpeter Way, Missoula, MT 59808
Freestanding 4,377 SF commercial condo with private parking, open layout, and a grade-level overhead door.
Property Size4,377 SF
Price / SF$227.32
Days on Market428
Property Features for 5463 Trumpeter Way
General Information
Standard status
Active
Size
4,377 SF
Total Parking Spaces
7
Property subtype
OFFICE
Zoning
C2-2
Additional Details
Highway Access
Yes
Drive-In Doors
1
Building Details
Tenancy
Single
Listing Agency:
Sterling CRE Advisors
(406) 203-4547
Listed By:
Matt Mellott CCIM, SIOR
(406) 203-3950
Source:
Moodyscre
Added: Jul 25, 2025
Changed: Sep 9
Last Checked: Sep 24 at 2:04PM
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 Sterling CRE Advisors
Investment Insights
Based on property information with market context.
This freestanding commercial condo at Missoula Development Park offers exclusive occupancy within a condo association. The space is configured as a versatile retail/office/warehouse, with an open floor plan plus office or showroom potential. A grade-level overhead door supports warehouse access and flexible use, while private parking is available on-site.
The property is positioned for quick access to I-90, Missoula International Airport, and the North Reserve corridor. It also benefits from street parking as well.
Zoned C2-2 by the City of Missoula, the property provides permissive commercial zoning suitable for a range of uses, including office, warehouse, retail, and assembly uses.
The property is positioned for quick access to I-90, Missoula International Airport, and the North Reserve corridor. It also benefits from street parking as well.
Zoned C2-2 by the City of Missoula, the property provides permissive commercial zoning suitable for a range of uses, including office, warehouse, retail, and assembly uses.
Key Highlights
- Standalone 4,377 SF commercial condo with exclusive occupancy within a condo association
- Zoned C2‑2 (City of Missoula) with permissive commercial uses for office, warehouse, retail, and assembly
- Versatile open floor plan with grade‑level overhead door plus office/showroom potential
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$54,079
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,081,580
$1.1M
Cap Rate 7%
$772,557
$772.6K
Cap Rate 9%
$600,878
$600.9K
Market Conditions
NOI Build-Up for 4,377 SF
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.
Gross rent
$94.5K $21.60/SF
− Vacancy
−$11.3K −$2.59/SF
EGI
$83.2K $19.01/SF
− OpEx
−$29.1K −$6.65/SF
NOI
$54.1K $12.36/SF
Area
Missoula County, MT
Vacancy
12.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,081,580
Cap Rate 7%
$772,557
Cap Rate 9%
$600,878
Alternative Uses
Best Use
Flex RnD
$772.6K
$676.0K – $901.3K
NOI $54,079 @ 7.0% cap · market cap 5.44%
Second Best
Warehouse
$551.6K
$482.6K – $643.5K
NOI $38,609 @ 7.0% cap · market cap 3.88%
Theoretical Best
Specialty Retail
$1.26M
$1.10M – $1.47M
NOI $88,339 @ 7.0% cap · market cap 8.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Drive-in doors
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
177
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 59808, MT
21,546
Population
9,938
Households
2.2
Avg Household Size
38
Median Age
40%
College-Educated
97%
High-School Grad
157.1 sq mi
ZIP Area
137
Density / Sq Mi
$76,795
Median Household Income
$39,324
Median Earnings
$1,236
Median Rent
$419,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Freestanding 4,377 SF commercial condo with private parking, open layout, and a grade-level overhead door.
Where is this flex space located?
The property is located at 5463 Trumpeter Way Missoula, MT.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Standalone 4,377 SF commercial condo with exclusive occupancy within a condo association; Zoned C2‑2 (City of Missoula) with permissive commercial uses for office, warehouse, retail, and assembly; Versatile open floor plan with grade‑level overhead door plus office/showroom potential
