Multi-Use Industrial Property with
For Sale
$959,000
700 Keogh, Great Falls, MT 59404
Heated warehouse and shop bays on multiple levels plus a third-floor 2-bedroom, 2-bath condo for live-work use.
Property Size16,690 SF
Price / SF$57.46
Days on Market101
Property Features for 700 Keogh
General Information
Standard status
Active
Size
16,690 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$5,519
Building Details
Year Built
1930
Listing Agency:
Catalyst Commercial
Listed By:
Ryan Pachek · License #79075
(406) 899-6651
Source:
Clearwaterproperties
Added: Jul 17
Changed: Oct 25
Last Checked: Oct 24 at 3:36PM
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 Catalyst Commercial
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located on more than an acre in Great Falls’ light industrial zone, this multi-use property at 700 Keogh Ct offers a combination of heated shop or warehouse bays and a third-floor residential-style condo. The main building includes multiple heated bays suited for functional storage and workspace needs, while the third floor features a spacious 2-bedroom, 2-bathroom condo that can support live-work use or be rented.
The property’s configuration supports flexible occupancy and income generation, with onsite space that can be used for collection, trades, or small business operations. Access and day-to-day use are supported by the building’s multiple heated bays and the separate condo layout on the third floor.
Overall, it’s a practical industrial-and-residential-style setup designed to accommodate different uses within one ownership, with space available for both operational and rental living needs.
The property’s configuration supports flexible occupancy and income generation, with onsite space that can be used for collection, trades, or small business operations. Access and day-to-day use are supported by the building’s multiple heated bays and the separate condo layout on the third floor.
Overall, it’s a practical industrial-and-residential-style setup designed to accommodate different uses within one ownership, with space available for both operational and rental living needs.
Key Highlights
- Year Built 1930 multi‑use property in Great Falls’ light industrial zone on over an acre
- Multiple heated shop/warehouse bays for storage, workspace, or small businesses
- Third‑floor 2‑bedroom, 2‑bath condo for live‑work use or rental income
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,204
Cap Rate
8.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,704,080
$1.7M
Cap Rate 7%
$1,217,200
$1.2M
Cap Rate 9%
$946,711
$946.7K
Market Conditions
NOI Build-Up for 16,690 SF
Gross rent
$130.2K $7.80/SF
− Vacancy
−$8.5K −$0.51/SF
EGI
$121.7K $7.29/SF
− OpEx
−$36.5K −$2.19/SF
NOI
$85.2K $5.11/SF
Area
Cascade County, MT
Vacancy
6.50%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,704,080
Cap Rate 7%
$1,217,200
Cap Rate 9%
$946,711
Alternative Uses
Best Use
Flex RnD
$2.09M
$1.83M – $2.44M
NOI $146,455 @ 7.0% cap · market cap 15.27%
Second Best
Office B
$1.92M
$1.68M – $2.25M
NOI $134,738 @ 7.0% cap · market cap 14.05%
Theoretical Best
Specialty Retail
$3.25M
$2.84M – $3.79M
NOI $227,364 @ 7.0% cap · market cap 23.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
Explore this area
Business Placement
Demographics for 59404, MT
28,131
Population
11,828
Households
2.4
Avg Household Size
42
Median Age
31%
College-Educated
94%
High-School Grad
331.4 sq mi
ZIP Area
85
Density / Sq Mi
$79,327
Median Household Income
$44,545
Median Earnings
$1,034
Median Rent
$272,300
Median Home Value
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Live-work space - Heated warehouse and shop bays on multiple levels plus a third-floor 2-bedroom, 2-bath condo for live-work use.
Where is this live-work space located?
The property is located at 700 Keogh Great Falls, MT.
What is the asking price?
The asking price for this property is $959,000.
What are key features of this property?
This property features: Year Built 1930 multi‑use property in Great Falls’ light industrial zone on over an acre; Multiple heated shop/warehouse bays for storage, workspace, or small businesses; Third‑floor 2‑bedroom, 2‑bath condo for live‑work use or rental income
