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Warehouse with Cold Storage
For Sale
$4,500,000

5625 Expressway Drive, Missoula, MT 59808

Missoula, MT

Property Size28,965 SF
Price / SF$155.36
Days on Market102

Property Features for 5625 Expressway Drive

General Information

Property type Commercial Sale
Property subtype Other
Subdivision (MI3) MOMONT INDUSTRIAL PARK PHASE 2, LOT 3 Lot: 3
Standard status Active

Building Details

Year built 1995
Listing Agency: Engel & Volkers Missoula · Engel & Völkers
Listed By: Andrew Squires · License #RRE-BRO-LIC-88808
Added: Jul 1 Changed: Oct 10 Last Checked: Oct 10 at 4:06PM
MLS# 30068487

Copyright © 2026 Engel & Völkers. 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 28,965-square-foot warehouse property combines office space with warehouse areas fitted with racking. Loading is available through grade-level and dock doors, and the building has a sprinkler system. Built in 1995, the facility includes 3,655 square feet of cooler and freezer space. That area may also be converted to warehouse use; the stated warehouse area would then increase from 22,066 to 25,721 square feet.

The property is in Missoula, less than a mile from Interstate 90, and is zoned M1-2.

Key Highlights

  • 28,965‑square‑foot industrial building constructed in 1995
  • 3,655 square feet of cooler and freezer space
  • Warehouse area can expand from 22,066 to 25,721 square feet by repurposing cold storage

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$255,499
Cap Rate
5.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,109,980 $5.1M
Cap Rate 7%
$3,649,986 $3.6M
Cap Rate 9%
$2,838,878 $2.8M
Market Conditions
NOI Build-Up for 28,965 SF
Gross rent
$319.8K $11.04/SF
− Vacancy
−$19.2K −$0.66/SF
EGI
$300.6K $10.38/SF
− OpEx
−$45.1K −$1.56/SF
NOI
$255.5K $8.82/SF
Area
Missoula County, MT
Vacancy
6.00%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,109,980
Cap Rate 7%
$3,649,986
Cap Rate 9%
$2,838,878

Alternative Uses

Best Use
Warehouse
$3.65M
$3.19M – $4.26M (±1% cap)
NOI $255,499 @ 7.0% cap · market cap 5.68%
Second Best
Industrial
$3.01M
$2.63M – $3.51M (±1% cap)
NOI $210,411 @ 7.0% cap · market cap 4.68%
Theoretical Best
Specialty Retail
$8.35M
$7.31M – $9.74M (±1% cap)
NOI $584,586 @ 7.0% cap · market cap 12.99%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Distribution centers

Lease Details

Yes
Sprinkler system
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

228
Businesses Nearby
Well-served
Demand for This Use

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
View Realmo Analytics

Market

Vacancy Rate% for Industrial in West region

3.7% 2019
4.3% 2020
2.6% 2021
2.5% 2022
4.8% 2023
6.9% 2024
7.9% 2025
Rey
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Similar Off Market Nearby

  • Mr. T's Self Storage — 5075 Expressway, Missoula, MT 59808
  • All Star Self Storage — 4645 Harlequin Ct, Missoula, MT 59808
  • AutoConcierge — 5744 W Harrier, Missoula, MT 59808
  • Cheap Charley's Mini Storage — 6400 Kestrel Ct, Missoula, MT 59808

Frequently Asked Questions

What type of property is this?
Warehouse - Office and warehouse areas include cooler and freezer space, with grade-level and dock loading access.
Where is this warehouse located?
The property is located at 5625 Expressway Drive Missoula, MT.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 28,965‑square‑foot industrial building constructed in 1995; 3,655 square feet of cooler and freezer space; Warehouse area can expand from 22,066 to 25,721 square feet by repurposing cold storage
More about this property
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