High-Traffic Shop with Fenced
1021 15th Street N Great Falls, MT 59401
1021 15th Street N, Great Falls, MT, 59401
Contact for pricing
For Sale
Contact for pricing
0.62 acre property with 7,460 SF shop in Great Falls.
Property Size7,460 SF
Lot Size0.62 Acres
Price / SF$154.16
Days on Market641
Property Features for 1021 15th Street N
General Information
- Standard status
- Active
- Size
- 7,460 SF
- Lot size
- 0.62 Acres
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1973
Listing Agency
Montana's Best Realty
(406) 899-0857
Listed by
Robin McKnight · License #RRE-RBS-LIC-17672
Source
Crexi
Added: Oct 17, 2024 Checked: Jul 17 at 3:45 am
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 Montana's Best Realty
Investment Insights
Based on property information with market context.
Located in a high-traffic area of Great Falls, Montana, this 0.62-acre property features a 7,460 square foot shop with drive-through doors leading to a fenced back lot. The property previously housed an auto body and mechanic business. The building includes an updated and air-conditioned office space and an adjoining reception area. The shop is equipped with multiple heaters, including one oil burner, two hoists, a 15-horsepower compressor, a down-draft paint booth, and two air filtration systems, which are negotiable. This property presents opportunities for investors and entrepreneurs, and the building could be reconfigured to suit various needs.
Key Highlights
- Prime location in a high‑traffic area.
- Large 7460 sq ft shop suitable for various businesses.
- Drive‑through shop doors and fenced back lot.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $120.9k | $16.20 |
| − Vacancy | −$4.2k | −$0.57 |
| EGI | $116.6k | $15.63 |
| − OpEx | −$35.0k | −$4.69 |
| NOI | $81.6k | $10.94 |
7,460 SF · lease $16.20/SF/yr · vacancy 3.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.17M
$1.02M – $1.36M
NOI $81,636 @ 7.0% cap · market cap 7.10%
Second Best
Flex RnD
$935.2K
$818.3K – $1.09M
NOI $65,462 @ 7.0% cap · market cap 5.69%
Theoretical Best
Specialty Retail
$1.45M
$1.27M – $1.69M
NOI $101,626 @ 7.0% cap · market cap 8.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
Similar Off Market Nearby
- Auto Diagnostics & Repair — 815 16th St N, Great Falls, MT 59401
- Point S Jerry Noble — 1420 10th Ave N, Great Falls, MT 59401
- Used Transmissions and Engines — Great Falls, MT 59401
- SME Gnrtn & Trans Co-Op Inc — Great Falls, MT 59401
- Fsw — 1005 11th St N, Great Falls, MT 59401
FAQs
What type of property is this?
Auto shop - 0.62 acre property with 7,460 SF shop in Great Falls.
Where is this auto shop located?
The property is located at 1021 15th Street N Great Falls, MT.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Prime location in a high‑traffic area.; Large 7460 sq ft shop suitable for various businesses.; Drive‑through shop doors and fenced back lot.
