Flex Building with
For Sale
$730,000
Pending
835 Ronan, Missoula, MT 59801
5,000± SF flex property with reception, offices, showroom, and rear warehouse/workshop space plus loft storage.
Property Size5,000 SF
Days on Market63
Property Features for 835 Ronan
General Information
Standard status
Pending
Size
5,000 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$12,155
Amenities
kitchen
two half bathrooms
Building Details
Year Built
1968
Listing Agency:
Berkshire Hathaway HomeServices - Missoula
(406) 360-9849
Listed By:
Jen Clement · License #RRE-BRO-LIC-14101
Source:
Clearwaterproperties
Added: Jun 22
Changed: Aug 23
Last Checked: Aug 23 at 8:36AM
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 Berkshire Hathaway HomeServices - Missoula
Investment Insights
Based on property information with market context.
This versatile commercial building offers a flexible mix of customer-facing and operational space. The front portion includes a reception area, office spaces, and a spacious showroom, supported by a kitchen and two half bathrooms for staff and visitors. The rear provides expansive warehouse and workshop space suited for storage, manufacturing, fabrication, distribution, or service-based operations. A small loft area adds additional storage or workspace capability.
Located in Missoula with direct access along the Bitterroot Trail, the property is centrally positioned for convenient access throughout the city.
Overall, the layout combines professional entry and office/showroom use at the front with larger, functional industrial space toward the rear.
Located in Missoula with direct access along the Bitterroot Trail, the property is centrally positioned for convenient access throughout the city.
Overall, the layout combines professional entry and office/showroom use at the front with larger, functional industrial space toward the rear.
Key Highlights
- 5,000± SF commercial flex property in Missoula with office, showroom, and rear warehouse/workshop space
- Front includes reception area, office spaces, and spacious showroom for customer‑facing operations
- Rear offers expansive warehouse/workshop space for storage, manufacturing, fabrication, distribution, or service work
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
$61,776
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
8.46%
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%
$1,235,520
$1.2M
Cap Rate 7%
$882,514
$882.5K
Cap Rate 9%
$686,400
$686.4K
Market Conditions
NOI Build-Up for 5,000 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
$108.0K $21.60/SF
− Vacancy
−$13.0K −$2.59/SF
EGI
$95.0K $19.01/SF
− OpEx
−$33.3K −$6.65/SF
NOI
$61.8K $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%
$1,235,520
Cap Rate 7%
$882,514
Cap Rate 9%
$686,400
Alternative Uses
Best Use
Flex RnD
$882.5K
$772.2K – $1.03M
NOI $61,776 @ 7.0% cap · market cap 8.46%
Second Best
Warehouse
$630.1K
$551.3K – $735.1K
NOI $44,105 @ 7.0% cap · market cap 6.04%
Theoretical Best
Specialty Retail
$1.44M
$1.26M – $1.68M
NOI $100,913 @ 7.0% cap · market cap 13.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
748
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - 5,000± SF flex property with reception, offices, showroom, and rear warehouse/workshop space plus loft storage.
Where is this flex space located?
The property is located at 835 Ronan Missoula, MT.
What is the asking price?
The asking price for this property is $730,000.
What are key features of this property?
This property features: 5,000± SF commercial flex property in Missoula with office, showroom, and rear warehouse/workshop space; Front includes reception area, office spaces, and spacious showroom for customer‑facing operations; Rear offers expansive warehouse/workshop space for storage, manufacturing, fabrication, distribution, or service work
