Retail Building on Corner
For Sale
$1,049,000
Pending
607 Custer, Helena, MT 59601
Retail building for sale with high traffic and ample parking.
Property Size6,019 SF
Lot Size0.99 Acres
Days on Market213
Property Features for 607 Custer
General Information
Standard status
Pending
Size
6,019 SF
Lot size
0.99 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$19,134
Building Details
Year Built
1972
Listing Agency:
Coldwell Banker Commercial Green & Green
Listed By:
Tyler D Warne · License #98724
(406) 465-9936
Source:
Clearwaterproperties
Added: Mar 27
Changed: Oct 25
Last Checked: Oct 24 at 3:08PM
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 Coldwell Banker Commercial Green & Green
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Investment Insights
Based on property information with market context.
This 6,000-square-foot retail building is situated on a corner lot on West Custer Avenue, which experiences a daily traffic volume of 15,000 vehicles. The property, nearly an acre in size, features a significant amount of parking and front landscaping. The building is divided into two halves, each currently rented with near-term leases. The current tenants include a fitness center and a daycare. Both units have a mostly open layout, with bathrooms, closets, and a private office. The lighted corner location facilitates easy travel in all directions. Improvements made during the seller's ownership include a new roof, new HVAC system, and added landscaping. The property is suitable for running a business or as a stable investment.
Key Highlights
- High‑traffic corner location on West Custer Avenue (15,000 vehicles per day).
- Large lot size (nearly an acre) with ample parking and landscaping.
- 6,000 square foot building suitable for owner‑occupancy or investment.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,468
Cap Rate
7.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,569,360
$1.6M
Cap Rate 7%
$1,120,971
$1.1M
Cap Rate 9%
$871,867
$871.9K
Market Conditions
NOI Build-Up for 6,019 SF
Gross rent
$115.6K $19.20/SF
− Vacancy
−$3.5K −$0.58/SF
EGI
$112.1K $18.62/SF
− OpEx
−$33.6K −$5.59/SF
NOI
$78.5K $13.04/SF
Area
Lewis and Clark County, MT
Vacancy
3.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,569,360
Cap Rate 7%
$1,120,971
Cap Rate 9%
$871,867
Alternative Uses
Best Use
Retail
$1.12M
$980.9K – $1.31M
NOI $78,468 @ 7.0% cap · market cap 7.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.31M
$1.14M – $1.53M
NOI $91,527 @ 7.0% cap · market cap 8.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
481
Businesses Nearby
130k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 36%
Shops & Services 31%
Home Improvements & Furnishings 30%
Apparel 3%
Murdoch's Ranch & Home Supply
Home Improvements & Furnishings
37,513 visits/mo
0.4 miles
McDonald's
Dining
33,454 visits/mo
0.5 miles
MacKenzie River Pizza Co.
Dining
13,360 visits/mo
0.5 miles
Conoco
Shops & Services
12,374 visits/mo
0.5 miles
Cenex
Shops & Services
11,726 visits/mo
0.1 miles
Demographics for 59601, MT
30,848
Population
15,937
Households
1.9
Avg Household Size
41
Median Age
51%
College-Educated
96%
High-School Grad
130.2 sq mi
ZIP Area
237
Density / Sq Mi
$70,502
Median Household Income
$44,000
Median Earnings
$1,023
Median Rent
$355,000
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 Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - Retail building for sale with high traffic and ample parking.
Where is this retail space located?
The property is located at 607 Custer Helena, MT.
What is the asking price?
The asking price for this property is $1,049,000.
What are key features of this property?
This property features: High‑traffic corner location on West Custer Avenue (15,000 vehicles per day).; Large lot size (nearly an acre) with ample parking and landscaping.; 6,000 square foot building suitable for owner‑occupancy or investment.
