Single Level Office
For Sale
$735,000
790 Colleen Street, Helena, MT 59601
Office building fully leased through 2021, buyer renewal option.
Property Size5,550 SF
Price / SF$132.43
Days on Market177
Property Features for 790 Colleen Street
General Information
Standard status
Active
Size
5,550 SF
Zoning
CLM
Building Details
Building Size
5,550 SF
Year Built
1992
Units
1
Listing Agency:
Coldwell Banker Commercial Green & Green
Listed By:
Mark J Runde · License #RRE-RBS-LIC-101740
(406) 916-2259
Source:
Purewestrealestate
Added: Apr 12
Changed: Oct 3
Last Checked: Oct 5 at 3:02PM
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 Coldwell Banker Commercial Green & Green
Investment Insights
Based on property information with market context.
This single-level office building is fully leased to GSA-USDA through December 31, 2021. The buyer has the option to renew the lease with GSA or occupy the building at lease expiration. The property is annexed into the City and benefits from City services. It is situated in a CLM zoning area.
Key Highlights
- Fully leased to GSA‑USDA through December 31, 2021, providing immediate income
- Option to renew lease with GSA or occupy the building at lease expiration
- Single level office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,441
Cap Rate
8.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,188,820
$1.2M
Cap Rate 7%
$849,157
$849.2K
Cap Rate 9%
$660,456
$660.5K
Market Conditions
NOI Build-Up for 5,550 SF
Gross rent
$93.2K $16.80/SF
− Vacancy
−$14.0K −$2.52/SF
EGI
$79.3K $14.28/SF
− OpEx
−$19.8K −$3.57/SF
NOI
$59.4K $10.71/SF
Area
Lewis and Clark County, MT
Vacancy
15.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,188,820
Cap Rate 7%
$849,157
Cap Rate 9%
$660,456
Alternative Uses
Best Use
Office B
$849.2K
$743.0K – $990.7K
NOI $59,441 @ 7.0% cap · market cap 8.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.21M
$1.05M – $1.41M
NOI $84,396 @ 7.0% cap · market cap 11.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
218
Businesses Nearby
Explore this area
Business Placement
Demographics for 59601, MT
30,848
Population
15,937
Households
1.9
Avg Household Size
41
Median Age
51%
College-Educated
96%
High-School Grad
130.2 sq mi
ZIP Area
237
Density / Sq Mi
$70,502
Median Household Income
$44,000
Median Earnings
$1,023
Median Rent
$355,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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?
Office building - Office building fully leased through 2021, buyer renewal option.
Where is this office building located?
The property is located at 790 Colleen Street Helena, MT.
What is the asking price?
The asking price for this property is $735,000.
What are key features of this property?
This property features: Fully leased to GSA‑USDA through December 31, 2021, providing immediate income; Option to renew lease with GSA or occupy the building at lease expiration; Single level office space
