Listing Agency: Purewest Real Estate - Corporate Show Phone

Listed By: David Oberlitner · License #RRE-RBS-LIC-14479 Show Phone

Source: Moodyscre

Added: Oct 9, 2025 Changed: Oct 2 Last Checked: Oct 19 at 7:38AM

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Investment Insights

Based on property information with market context.

This 18,352-square-foot light industrial building features six units and is fully leased to five cannabis-related businesses, including two grow operations, two edible manufacturers, and a testing laboratory. The sixth tenant is an injection molding plastics manufacturer. The property benefits from six separately metered 75kVA (480V 3PH) electrical services. The property is located along US Highway 93 North and is subject to US Highway 93 Scenic Corridor Zoning. The property presents an investment opportunity with a reported +8.0% CAP Rate.

Key Highlights

• High CAP Rate: Enjoy an impressive +8.0% return on investment.
• Fully Leased: Benefit from immediate income generation with all units currently occupied.
• Large Industrial Building: 18,000 square feet of usable space.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$134,075

Cap Rate

7.66%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,681,500 $2.7M

Cap Rate 7%

$1,915,357 $1.9M

Cap Rate 9%

$1,489,722 $1.5M

Is this asking price fair?

Market Conditions

NOI Build-Up for 18,352 SF

Gross rent

$165.2K $9.00/SF

− Vacancy

−$7.4K −$0.41/SF

EGI

$157.7K $8.59/SF

− OpEx

−$23.7K −$1.29/SF

NOI

$134.1K $7.31/SF

Area

Flathead County, MT

Vacancy

4.50%

Lease Rate

$9.00 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,681,500

Cap Rate 7%

$1,915,357

Cap Rate 9%

$1,489,722

Alternative Uses

Best Use

Warehouse

$1.92M

$1.68M – $2.23M (±1% cap)

NOI $134,075 @ 7.0% cap · market cap 7.66%

Second Best

Industrial

$1.58M

$1.38M – $1.84M (±1% cap)

NOI $110,415 @ 7.0% cap · market cap 6.31%

Theoretical Best

Office A

$4.10M

$3.59M – $4.78M (±1% cap)

NOI $286,820 @ 7.0% cap · market cap 16.39%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Manufacturing properties

Location Intelligence

Trade Area within ½ mile

1

Businesses Nearby

Explore this area Business Placement

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

Frequently Asked Questions

What type of property is this?

Manufacturing property - Fully leased industrial building with cannabis-related tenants and highway frontage.

Where is this manufacturing property located?

The property is located at 6073 US Highway 93 N Olney, MT.

What is the asking price?

The asking price for this property is $1,750,000.

What are key features of this property?

This property features: High CAP Rate: Enjoy an impressive +8.0% return on investment.; Fully Leased: Benefit from immediate income generation with all units currently occupied.; Large Industrial Building: 18,000 square feet of usable space.