Flex Warehouse Condominium
New
For Sale
$599,000
6725 Butler Creek Road #7, Missoula, MT 59808
Commercial and Light Industrial M1-2 zoning accompanies adaptable layouts with grade-level overhead doors and parking.
Property Size2,571 SF
Days on Market4
Property Features for 6725 Butler Creek Road #7
General Information
Standard status
Active
Size
2,571 SF
Total Parking Spaces
1
Property subtype
Commercial
Zoning
Commercial, Light Industrial M1-2
Additional Details
Highway Access
Yes
Building Details
Building Size
2,571 SF
Year Built
2026
Units
13
Listing Agency:
CENTURY 21 Peak Properties
(406) 239-0105
Listed By:
Shannon Lukes · License #98667
(406) 239-0105
Source:
Missionvalleyproperties
Added: Aug 19
Changed: Aug 20
Last Checked: Aug 21 at 2:14PM
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 flex-space condominium property offers modern industrial units designed for adaptable commercial occupancy. Floor plans can accommodate warehouse, showroom, office, service, logistics, manufacturing, distribution, and contractor functions, with demising walls that allow adjoining units to be combined. Each unit includes a grade-level overhead door, parking, and a versatile configuration. Unit sizes range from 1,101 to 4,050 square feet, while another source reference identifies a range of approximately 1,556 to 4,050 square feet; the conflicting size detail is omitted here. The recorded year built is 2026.
The property is located at 6725 Butler Creek Road #7 in Missoula, near Missoula International Airport, the North Reserve Commercial Corridor, and the I-90 corridor. Zoning is identified as Commercial and Light Industrial M1-2. Conceptual drawings are provided, and final finishes and features may vary upon completion.
The property is located at 6725 Butler Creek Road #7 in Missoula, near Missoula International Airport, the North Reserve Commercial Corridor, and the I-90 corridor. Zoning is identified as Commercial and Light Industrial M1-2. Conceptual drawings are provided, and final finishes and features may vary upon completion.
Key Highlights
- Commercial and Light Industrial M1‑2 zoning
- Grade‑level overhead doors at each unit
- Demising walls allow adjoining units to be combined
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
$31,765
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
5.30%
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%
$635,300
$635.3K
Cap Rate 7%
$453,786
$453.8K
Cap Rate 9%
$352,944
$352.9K
Market Conditions
NOI Build-Up for 2,571 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
$55.5K $21.60/SF
− Vacancy
−$6.7K −$2.59/SF
EGI
$48.9K $19.01/SF
− OpEx
−$17.1K −$6.65/SF
NOI
$31.8K $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%
$635,300
Cap Rate 7%
$453,786
Cap Rate 9%
$352,944
Alternative Uses
Best Use
Flex RnD
$453.8K
$397.1K – $529.4K
NOI $31,765 @ 7.0% cap · market cap 5.30%
Second Best
Warehouse
$324.0K
$283.5K – $378.0K
NOI $22,679 @ 7.0% cap · market cap 3.79%
Theoretical Best
Specialty Retail
$741.3K
$648.6K – $864.8K
NOI $51,889 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
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 Industrial 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 - Commercial and Light Industrial M1-2 zoning accompanies adaptable layouts with grade-level overhead doors and parking.
Where is this flex space located?
The property is located at 6725 Butler Creek Road #7 Missoula, MT.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Commercial and Light Industrial M1‑2 zoning; Grade‑level overhead doors at each unit; Demising walls allow adjoining units to be combined
