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Main-Floor Office Unit
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715 Kensington Avenue #4 4, Missoula, MT 59801

ADA-compliant suite with five private offices, reception space, and on-site parking.

Property Size1,516 SF
Price / SF$1.45
Days on Market100

Property Features for 715 Kensington Avenue #4 4

General Information

Standard status Active
Size 1,516 SF
Property subtype CommercialLease
Zoning C1-4

Additional Details

Floor Main Floor
Listing Agency: Mountain Real Estate, Inc
Listed By: Aaron Gingerelli · License #44748
Source: Hrrealtymt
Added: Jul 13 Changed: Oct 12 Last Checked: Oct 19 at 6:55AM

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 Mountain Real Estate, Inc

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Investment Insights

Based on property information with market context.

The main-floor office unit at 715 Kensington Avenue #4 provides 1,516 square feet of professional workspace. Its layout includes a front lobby and reception area, five private offices, a private kitchen, a private bathroom, and a utility/storage room. Large front windows bring natural light into the suite, and the space is ADA compliant.

The property is positioned at the corner of Bancroft and Kensington in Professional Village, with on-site parking and convenient proximity to shopping, dining, and other major businesses. C1-4 zoning applies, and the 2025 MT DOT traffic count is 2025 AADT 3,002.

Key Highlights

  • 1,516 SF main‑floor office unit
  • Five private offices plus lobby and reception area
  • Private kitchen, bathroom, and utility/storage room

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$17,669
Suggested Prices Based on Cap Rates
Cap Rate 5%
$353,380 $353.4K
Cap Rate 7%
$252,414 $252.4K
Cap Rate 9%
$196,322 $196.3K
Market Conditions
NOI Build-Up for 1,516 SF
Gross rent
$31.8K $21.00/SF
− Vacancy
−$8.3K −$5.46/SF
EGI
$23.6K $15.54/SF
− OpEx
−$5.9K −$3.89/SF
NOI
$17.7K $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%
$353,380
Cap Rate 7%
$252,414
Cap Rate 9%
$196,322

Alternative Uses

Best Use
Office B
$252.4K
$220.9K – $294.5K (±1% cap)
NOI $17,669 @ 7.0% cap · market cap 804.97%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$437.1K
$382.5K – $510.0K (±1% cap)
NOI $30,597 @ 7.0% cap · market cap 1,393.94%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Office Units

Location Intelligence

Trade Area within ½ mile

1,516
Businesses Nearby

Demographics for 59801, MT

30,629
Population
15,814
Households
1.9
Avg Household Size
34
Median Age
51%
College-Educated
97%
High-School Grad
7.7 sq mi
ZIP Area
3,978
Density / Sq Mi
$55,022
Median Household Income
$34,320
Median Earnings
$1,086
Median Rent
$393,400
Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025

Frequently Asked Questions

What type of property is this?
Office unit - ADA-compliant suite with five private offices, reception space, and on-site parking.
Where is this office unit located?
The property is located at 715 Kensington Avenue #4 4 Missoula, MT.
What are key features of this property?
This property features: 1,516 SF main‑floor office unit; Five private offices plus lobby and reception area; Private kitchen, bathroom, and utility/storage room
More about this property
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