Flex Space Condominium
New
For Sale
$549,000
6725 Butler Creek Road #10, Missoula, MT 59808
Insulated commercial unit with dedicated office, restroom, roll-up access, and separately metered utilities.
Property Size2,382 SF
Days on Market7
Property Features for 6725 Butler Creek Road #10
General Information
Standard status
Active
Size
2,382 SF
Total Parking Spaces
1
Property subtype
Commercial
Zoning
Commercial, Light Industrial M1-2
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Sprinkler System
Yes
Office Units
14
Building Details
Building Size
2,382 SF
Year Built
2026
Units
13
Construction
steel frame
Listing Agency:
CENTURY 21 Peak Properties
(406) 239-0105
Listed By:
Shannon Lukes · License #98667
(406) 239-0105
Source:
Missionvalleyproperties
Added: Aug 5
Changed: Aug 11
Last Checked: Aug 11 at 2:08PM
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 CENTURY 21 Peak Properties
Investment Insights
Based on property information with market context.
This 2026 flex-space condominium development includes 14 units ranging from 1,101 to 4,050 square feet. Each unit combines warehouse area with an interior office and restroom. The steel buildings are insulated, while office interiors include drywall, paint, a T-bar ceiling, baseboard, carpet tile, heating, and air conditioning. Warehouse walls are scheduled for drywall and fir-taping. Restrooms are designed with FRP wainscot and LVT flooring. Individual electric and gas meters, fire suppression throughout the office and warehouse, and a manual 12-by-14-foot roll-up canister door serve each unit.
The property is located on Butler Creek Road in Missoula, Montana, with access to the I-90 corridor and Missoula International Airport. Zoning is identified as Commercial and Light Industrial M1-2. Conceptual drawings and final finishes may change before completion.
The property is located on Butler Creek Road in Missoula, Montana, with access to the I-90 corridor and Missoula International Airport. Zoning is identified as Commercial and Light Industrial M1-2. Conceptual drawings and final finishes may change before completion.
Key Highlights
- 14 flex‑space condominium units
- Unit sizes from 1,101 to 4,050 square feet
- Each unit includes an office, restroom, and warehouse area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,430
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.36%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$588,600
$588.6K
Cap Rate 7%
$420,429
$420.4K
Cap Rate 9%
$327,000
$327.0K
Market Conditions
NOI Build-Up for 2,382 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$51.5K $21.60/SF
− Vacancy
−$6.2K −$2.59/SF
EGI
$45.3K $19.01/SF
− OpEx
−$15.8K −$6.65/SF
NOI
$29.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$588,600
Cap Rate 7%
$420,429
Cap Rate 9%
$327,000
Alternative Uses
Best Use
Flex RnD
$420.4K
$367.9K – $490.5K
NOI $29,430 @ 7.0% cap · market cap 5.36%
Second Best
Office B
$396.6K
$347.0K – $462.7K
NOI $27,762 @ 7.0% cap · market cap 5.06%
Theoretical Best
Specialty Retail
$686.8K
$600.9K – $801.3K
NOI $48,075 @ 7.0% cap · market cap 8.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
14
Office units
Yes
Sprinkler system
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
89
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Insulated commercial unit with dedicated office, restroom, roll-up access, and separately metered utilities.
Where is this flex space located?
The property is located at 6725 Butler Creek Road #10 Missoula, MT.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: 14 flex‑space condominium units; Unit sizes from 1,101 to 4,050 square feet; Each unit includes an office, restroom, and warehouse area
