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Flex Condominium with Mezzanine Storage

5730 Expressway, Missoula, MT 59808

For Sale
$439,000

CommercialSale, Missoula, MT

Property Size2,120 SF
Lot Size0.05 Acres
Price / SF$207.08
Days on Market50

Property Features for 5730 Expressway

General Information

Property type Commercial Sale
Property subtype Other
Zoning Industrial - Light
Zoning description I-1
Parking features Assigned
Exterior features Awnings
Directions From N Reserve St, turn west onto Expressway. Continue approximately 0.3 miles to 5730 Expressway. Unit F is within the Expressway Business Center condominium development. GPS will take you to the property.
Standard status Active
APN 04232536304097003
Lot size 0.05 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description EXPRESSWAY BUSINESS CENTER CONDOS, S36, T14 N, R20 W, UNIT 3 A
Tax Annual Amount 4777
Legal Description EXPRESSWAY BUSINESS CENTER CONDOS, S36, T14 N, R20 W, UNIT 3 A

Utilities

Sewer type Public Sewer
Heating system Space Heater
Cooling system Wall Unit(s)
Water source Public

Building Details

Year built 2021
Number of units 1
Listing Agency: Engel & Volkers Western Frontier - Missoula · Engel & Völkers
Listed By: Chris Bristol · License MT RRE-RBS-LIC-119046
Added: Sep 25 Changed: Oct 11 Last Checked: Nov 13 at 11:06PM
MLS# 30078920

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.

Rey
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This flex condominium at 5730 Expressway, Unit F, was built in 2021 and combines finished office and showroom space with an open warehouse area and mezzanine storage. The warehouse has approximately 18 feet of clear height and a 14-foot grade-level overhead door. Two assigned parking spaces are included, with additional shared parking available within the development. The property has Industrial - Light zoning and is leased on an NNN basis.

The property is in Missoula’s North Reserve commercial corridor, approximately half a mile from the I-90 interchange. Reserve Street and Missoula Montana Airport are also accessible from the location.

Key Highlights

  • NNN lease in place
  • Open warehouse with approximately 18 feet of clear height
  • 14‑foot grade‑level overhead door

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$26,193
Cap Rate
5.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$523,860 $523.9K
Cap Rate 7%
$374,186 $374.2K
Cap Rate 9%
$291,033 $291.0K
Market Conditions
NOI Build-Up for 2,120 SF
Gross rent
$45.8K $21.60/SF
− Vacancy
−$5.5K −$2.59/SF
EGI
$40.3K $19.01/SF
− OpEx
−$14.1K −$6.65/SF
NOI
$26.2K $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 Rate 5%
$523,860
Cap Rate 7%
$374,186
Cap Rate 9%
$291,033

Alternative Uses

Best Use
Flex RnD
$374.2K
$327.4K – $436.6K (±1% cap)
NOI $26,193 @ 7.0% cap · market cap 5.97%
Second Best
Warehouse
$267.1K
$233.8K – $311.7K (±1% cap)
NOI $18,700 @ 7.0% cap · market cap 4.26%
Theoretical Best
Specialty Retail
$611.2K
$534.8K – $713.1K (±1% cap)
NOI $42,787 @ 7.0% cap · market cap 9.75%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Missoula Adaptive Resources Clothing Store

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Grocery & Convenience Store Computer & Electronic Repair Home Appliance Store Pet Grooming Service

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

Lease Details

18 ft
Clear height
1
Drive-in doors
Single-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

221
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

Average Price Trend$/SF for Flex space in Missoula, MT

$252 Jul
$250 Aug
$252 Sep
$255 Oct

Properties on Market for Flex space in Missoula

Jul
Aug
Sep
Oct

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

Frequently Asked Questions

What type of property is this?
Flex space - An NNN-leased commercial condominium pairs finished office and showroom areas with an open warehouse and mezzanine storage.
Where is this flex space located?
The property is located at 5730 Expressway Missoula, MT.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: NNN lease in place; Open warehouse with approximately 18 feet of clear height; 14‑foot grade‑level overhead door
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Includes: Price & PSF · Cap rate · Location · Zoning

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