Two-Story Office
For Sale
$915,000
818 W Central Ave, Missoula, MT 59801
Remediated office property with a ready-to-finish main level and parking for multiple occupants.
Property Size4,070 SF
Price / SF$224.82
Days on Market55
Property Features for 818 W Central Ave
General Information
Standard status
Active
Size
4,070 SF
Total Parking Spaces
10
Building Details
Year Built
1977
Buildings
1
Stories
2
Listing Agency:
EXIT Realty Missoula
Listed By:
Kevin R Bailey · License #RRE-BRO-LIC-54097
(406) 721-1010
Source:
Mtranchsales
Added: Aug 26
Changed: Oct 7
Last Checked: Oct 7 at 5:48PM
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 EXIT Realty Missoula
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Investment Insights
Based on property information with market context.
This two-level office property contains 4,070 square feet within a building constructed in 1977. The main floor has undergone remediation and has been stripped to the studs, creating a defined starting point for completion and interior configuration. The layout can accommodate one or two businesses, subject to the finished design.
The property includes 10 off-street parking spaces, along with on-street parking and alley access. Its office-oriented configuration and unfinished main level provide flexibility for an owner-user or multi-business setup without relying on a fully built-out interior.
The property includes 10 off-street parking spaces, along with on-street parking and alley access. Its office-oriented configuration and unfinished main level provide flexibility for an owner-user or multi-business setup without relying on a fully built-out interior.
Key Highlights
- 4,070 SF across 2 floors
- Main level remediated and taken down to the studs
- Layout can be configured for 1 or 2 businesses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,436
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$948,720
$948.7K
Cap Rate 7%
$677,657
$677.7K
Cap Rate 9%
$527,067
$527.1K
Market Conditions
NOI Build-Up for 4,070 SF
Gross rent
$85.5K $21.00/SF
− Vacancy
−$22.2K −$5.46/SF
EGI
$63.2K $15.54/SF
− OpEx
−$15.8K −$3.89/SF
NOI
$47.4K $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%
$948,720
Cap Rate 7%
$677,657
Cap Rate 9%
$527,067
Alternative Uses
Best Use
Office B
$677.7K
$593.0K – $790.6K
NOI $47,436 @ 7.0% cap · market cap 5.18%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.17M
$1.03M – $1.37M
NOI $82,143 @ 7.0% cap · market cap 8.98%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,392
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Remediated office property with a ready-to-finish main level and parking for multiple occupants.
Where is this office building located?
The property is located at 818 W Central Ave Missoula, MT.
What is the asking price?
The asking price for this property is $915,000.
What are key features of this property?
This property features: 4,070 SF across 2 floors; Main level remediated and taken down to the studs; Layout can be configured for 1 or 2 businesses
