This exceptional 46,584-square-foot manufacturing facility, situated on a 1.7-acre lot in Missoula, Montana, presents a compelling investment opportunity. Built in 1968 and extensively renovated in 2001, the property boasts a single-story building with an 18-foot ceiling height, ideal for various light manufacturing applications. The facility previously served as a nutraceutical production plant, featuring a comprehensive layout designed for efficiency and scalability. The space includes approximately 13,800 square feet dedicated to manufacturing, 12,100 square feet of warehouse space, and 16,909 square feet of office area. Additional space encompasses light manufacturing and miscellaneous areas totaling 3,775 square feet. The property includes ample parking for over 45 vehicles. The well-maintained building features multiple labs (analytical and microbiology), a large conference room, numerous offices (including 21 individual offices and two banks of cubicles), a server room, copy room, breakroom, and restrooms. A state-of-the-art air purification system and climate-controlled manufacturing areas (temperature, humidity, and dust) were installed within the last three years. The property is zoned M1R and includes two dock-high doors and one loading dock. The asking price is $7,500,000, translating to $161 per square foot. Occupancy is available November 1, 2023. This property offers a rare combination of size, location, and modern amenities, making it an attractive prospect for owner-users seeking a well-equipped and established manufacturing space.
Property Features for 1001 3Rd St
General Information
Property type
Manufacturing properties
Square Feet
46,584 SF
Lot Size
74,052 SF
Building Details
Year Built/Renovated
1968/2001
Buildings
1
Stories
1
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Listing Contact
Jeff Moore
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Property Insight Report
HighLights
46,584 SF manufacturing facility on 1.7 acres in Missoula, MT.
Single‑story building with 18' ceilings, renovated in 2001.
Features 13,800 SF manufacturing, 12,100 SF warehouse, and 16,909 SF office space.
Includes labs, large conference room, multiple offices, ample parking (45+ spaces), and modern HVAC.
Zoned M1R, two dock‑high doors, one loading dock; $7,500,000 asking price ($161/SF); Available November 1, 2023.
Manufacturing property - 46,584 SF Manufacturing Facility, $7.5M
Where is this manufacturing property located?
The property is located at 1001 3Rd St Missoula, MT.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: 46,584 SF manufacturing facility on 1.7 acres in Missoula, MT.; Single-story building with 18' ceilings, renovated in 2001.; Features 13,800 SF manufacturing, 12,100 SF warehouse, and 16,909 SF office space.
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1001 3Rd St Missoula, MT 59801
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Realmo Value Estimations
Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods.
Disclaimer
These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.
AI approach
Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.
Realmo CapRate Calculation
Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.
How We Calculate Cap Rate
Cap Rate Formula: Cap Rate (%) = (Net Operating Income / Property Value) × 100
Net Operating Income (NOI) Formula: NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)
Components
Net Operating Income (NOI) represents the annual income a property generates after operating expenses:
Area: Building square footage from property records
Lease Rate: Annual $/sqft based on market data for the property type and geographic location
Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
Operating Expense Ratio: Operating costs as a percentage of income, varies by property type
Property Value is derived from:
Recent sale price (if available)
Statistical models using comparable sales
AI-powered valuation estimates
Example Calculation
For a 100,000 sqft Office Building:
Lease Rate: $25.00/sqft/year (market data for Office in this area)
Vacancy Rate: 8% (market data for Office in this area)
Operating Expense Ratio: 35% (typical for Office properties)
Property Value: $15,000,000
Step 1: Calculate NOI
NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35) NOI = 100,000 × $25.00 × 0.92 × 0.65 NOI = $1,495,000/year
Step 2: Calculate Cap Rate
Cap Rate = ($1,495,000 / $15,000,000) × 100 Cap Rate = 9.97%
Property Type Considerations
Net Operating Income calculations vary by property type due to different operating expense ratios:
Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
Retail: Moderate expenses (25-35%) for common area maintenance
Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
Multifamily: Moderate expenses (35-45%) including property management
Self-Storage: Lower expenses (25-35%) due to minimal maintenance
Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.
Disclaimer
These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.
Cap Rate calculations depend on market data that may change over time
Actual operating expenses, lease rates, and vacancy rates may differ from market averages
Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
Property value estimates are approximations and not official appraisals
Cap rates vary widely by market, property condition, and investment risk profile
Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.
Cap approach
Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.
Comparable approach
Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.
Relative
Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.
Geo
Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels
across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.
Stat Estimate
This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.
Ranges - area data calculated by industry standard IQR Outlier Removal Method
Range-from: 75% of all similar sales ($/sqft) are above this value
Range-to: 75% of all similar sales ($/sqft) are below this value
AI Estimate
This method estimates value based on AI market estimation of comparable properties around by location and property type.
Ranges - area data calculated by industry standard IQR Outlier Removal Method
Range-from: 75% of all estimations ($/sqft) are above this value
Range-to: 75% of all estimations ($/sqft) are below this value
Alternative use
Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.
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1001 3Rd St Missoula, MT 59801
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1001 3Rd St, Missoula, MT
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