Contiguous Office Condo
For Sale
$750,000
619 SW Higgins Avenue, Missoula, MT 59803
CommercialSale, Missoula, MT
Property Size3,260 SF
Price / SF$230.06
Days on Market459
Property Features for 619 SW Higgins Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Zoning description
B2-2
Parking features
Assigned, Underground/Basement, Garage
Lot features
Landscaped
Directions
From Russell, east on 39th/SW Higgins Ave, past Bancroft to Terrace West building on the right. Units are on 2nd floor on the west side of the building.
Standard status
Active
APN
04220033416127010
Taxes and HOA fees
Tax Year
2024
Tax Description
Units 148-190 of TERRACE WEST CONDOMINIUMS, S33, T13 N, R19 W
Tax Annual Amount
10664
Legal Description
Units 148-190 of TERRACE WEST CONDOMINIUMS, S33, T13 N, R19 W
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1976
Number of units
3
Flooring type
Carpet
Listing Agency:
ERA Lambros Real Estate Missoula · ERA Real Estate
(406) 532-9200
Listed By:
Rick Meisinger · License #RRE-BRO-LIC-12362
(406) 240-6031
Added: Jul 8, 2025
Changed: Sep 15
Last Checked: Oct 9 at 10:06AM
MLS# 30053568
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.
Investment Insights
Based on property information with market context.
Three contiguous office condominium suites, identified as Q, R, and S, provide 3,260 square feet within a professional building. The configuration includes 11 private offices, a reception and waiting area, a large conference room, file and flex space, and a full kitchen. Each suite has its own entrance, and the units may be deeded separately. The property is well-maintained, with carpeted flooring, forced-air heating, and central air conditioning. Office furniture may remain by agreement, excluding file cabinets.
The property is located at 619 SW Higgins Avenue in Missoula, on a commercial corridor near downtown Missoula and the University of Montana. Grocery stores, restaurants, and other amenities are also nearby. Parking includes 5 assigned underground spaces along with abundant surface parking. Public water and public sewer serve the building, which was constructed in 1976.
The property is located at 619 SW Higgins Avenue in Missoula, on a commercial corridor near downtown Missoula and the University of Montana. Grocery stores, restaurants, and other amenities are also nearby. Parking includes 5 assigned underground spaces along with abundant surface parking. Public water and public sewer serve the building, which was constructed in 1976.
Key Highlights
- 3,260 square feet across three contiguous office condominium suites Q, R, and S
- 11 private offices plus reception, waiting, conference, file/flex, and kitchen areas
- 3 private entrances; suites may be deeded separately
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,995
Cap Rate
5.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$759,900
$759.9K
Cap Rate 7%
$542,786
$542.8K
Cap Rate 9%
$422,167
$422.2K
Market Conditions
NOI Build-Up for 3,260 SF
Gross rent
$68.5K $21.00/SF
− Vacancy
−$17.8K −$5.46/SF
EGI
$50.7K $15.54/SF
− OpEx
−$12.7K −$3.89/SF
NOI
$38.0K $11.66/SF
Area
Missoula County, MT
Vacancy
26.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$759,900
Cap Rate 7%
$542,786
Cap Rate 9%
$422,167
Alternative Uses
Best Use
Office B
$542.8K
$474.9K – $633.3K
NOI $37,995 @ 7.0% cap · market cap 5.07%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$939.9K
$822.4K – $1.10M
NOI $65,795 @ 7.0% cap · market cap 8.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Office units
Location Intelligence
Trade Area within ½ mile
569
Businesses Nearby
Explore this area
Business Placement
Demographics for 59803, MT
17,203
Population
6,813
Households
2.5
Avg Household Size
40
Median Age
53%
College-Educated
97%
High-School Grad
97.0 sq mi
ZIP Area
177
Density / Sq Mi
$108,992
Median Household Income
$49,831
Median Earnings
$1,194
Median Rent
$492,900
Median Home Value
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office units - Commercially zoned professional space with separate entrances and flexible suite configuration.
Where is this office units located?
The property is located at 619 SW Higgins Avenue Missoula, MT.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 3,260 square feet across three contiguous office condominium suites Q, R, and S; 11 private offices plus reception, waiting, conference, file/flex, and kitchen areas; 3 private entrances; suites may be deeded separately
