Flexible Office-Warehouse
For Sale
$730,000
835 Ronan Street, Missoula, MT 59801
CommercialSale, Missoula, MT
Property Size5,000 SF
Lot Size0.18 Acres
Price / SF$146
Days on Market64
Property Features for 835 Ronan Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Zoning description
7
Lot features
Level
Directions
Russell St to Ronan St
Standard status
Active
APN
04220028242030000
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
SOUTH MISSOULA, S28, T13 N, R19 W, BLOCK 64, Lot 17-18
Tax Annual Amount
12156
Legal Description
SOUTH MISSOULA, S28, T13 N, R19 W, BLOCK 64, Lot 17-18
Utilities
Sewer type
Public Sewer
Cooling system
Window Unit(s)
Water source
Public
Amenities
kitchen
half bathrooms
Building Details
Year built
1968
Listing Agency:
Berkshire Hathaway HomeServices - Missoula
(406) 721-4141
Listed By:
Jen Clement · License #RRE-BRO-LIC-14101
(406) 360-9849
Added: Jun 19
Changed: Aug 21
Last Checked: Aug 21 at 4:06AM
MLS# 30072205
Copyright © 2026 Montana Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This flex-space property combines a customer-oriented front section with substantial work and storage areas behind it. The front includes a reception area, offices, and showroom, while the rear provides warehouse and workshop space suited to storage, manufacturing, fabrication, distribution, or service operations. A kitchen, two half bathrooms, and a small loft add functional support space. Window unit cooling is installed, and the building dates to 1968.
Located at 835 Ronan Street in Missoula, the property sits along the Bitterroot Trail and is zoned Commercial. The site encompasses 0.179 acres and is served by public water and public sewer. The combination of office, showroom, warehouse, and workshop components creates a practical configuration for businesses requiring both client-facing areas and operational space.
Located at 835 Ronan Street in Missoula, the property sits along the Bitterroot Trail and is zoned Commercial. The site encompasses 0.179 acres and is served by public water and public sewer. The combination of office, showroom, warehouse, and workshop components creates a practical configuration for businesses requiring both client-facing areas and operational space.
Key Highlights
- Office, showroom, warehouse, and workshop areas in one flex‑space property
- Commercial zoning on a 0.179‑acre site
- Located along the Bitterroot Trail at 835 Ronan Street
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
Office B
$832.5K
$728.4K – $971.3K
NOI $58,275 @ 7.0% cap · market cap 7.98%
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 Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Combined customer-facing and industrial work areas support varied commercial operations.
Where is this flex space located?
The property is located at 835 Ronan Street 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: Office, showroom, warehouse, and workshop areas in one flex‑space property; Commercial zoning on a 0.179‑acre site; Located along the Bitterroot Trail at 835 Ronan Street
