Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1100 South Ave Missoula, MT 59801

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    10,276 SF Office, 7% Cap Rate

    Property size:
    10,276 SF

    Property Features for 1100 South Ave

    General Information

    Property type
    Medical offices
    Square Feet
    10,276 SF
    Class
    B

    Building Details

    Year Built/Renovated
    1966/2021
    Buildings
    1
    Stories
    1

    We can help!

    Listing Contact
    Claire Matten, Ccim Sior
    Claire Matten, Ccim Sior

    Listing Agency: Sterling CRE Advisors Listing Agent: Claire Matten, Ccim Sior

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This 10,276 square foot, single-story Class B office building in Missoula, Montana, is available for sale at $3,130,000 ($304.59/SF). Located at 1100 South Ave W, this property boasts a 7.00% cap rate and is currently 100% occupied under a Net Lease with a credit-rated tenant. The lease, commencing April 17, 2017, and expiring March 31, 2027, includes one five-year renewal option. Built in 1966 and extensively renovated in 2021, the building features 13 parking spaces and a modern design with ample natural light. Recent improvements include new carpeting, an updated HVAC system, and two secure vaults with zone-controlled HVAC. The property is zoned C1-1 TIF District and offers a versatile layout suitable for various office uses, including medical and traditional office spaces. This owner-occupied opportunity presents a strong investment with a central location across from the Butterfly House and county fairgrounds.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Missoula
    County
    Missoula
    State
    Montana
    Longitude
    -114.0151924
    Latitude
    46.8491524

    Nearby Similar for Sale

    • $675,000
      0.41 Acres

      East Missoula Development Opportunity

      0.409 acre property with plans for 25-unit complex.
      3510 Hwy 200 E, Missoula, MT 59802
      View Details
    • $1,300,000
      1.03 Acres

      Missoula Commercial Warehouse with Fencing

      Commercial warehouse on 1.03 acres with new fencing and asphalt.
      9330 Futurity Dr, Missoula, MT 59808
      View Details
    • $1,495,000
      0.68 Acres

      Iconic Commercial Building with Parking

      Versatile commercial building with ample parking in high-traffic location.
      2036 Mullan Rd, Missoula, MT 59808
      View Details
    • $1,550,000
      0.36 Acres

      Missoula Warehouse and Office Space

      8,040 sqft warehouse and offices near The Good Food Store.
      1345 Dakota St, Missoula, MT 59801
      View Details
    • $3,550,000
      8 SF

      New Office Building with Income

      New two-story office building with long-term tenants and customizable space.
      3760 Mullan Rd, Missoula, MT 59808
      View Details
    • $3,550,000
      26 SF

      New Office Building Investment Opportunity

      New construction office building with long-term NNN leases.
      3760 Mullan Rd, Missoula, MT 59808
      View Details
    • $343,500

      Move-In Ready Condo with Fenced Patio

      Well-maintained condo with open layout, private patio, and worry-free living.
      4100 Mullan Rd, Missoula, MT 59808
      View Details
    • $1,325,000

      Historic Alcan Bar and Grille

      Profitable business venture with income-generating rentals in Frenchtown, Montana.
      16780 Beckwith St, Missoula, MT 59801
      View Details
    • $1,750,000
      5 SF

      Professional Building on Reserve Street

      Professional building in Missoula with versatile layout and excellent visibility.
      1800 S Reserve St, Missoula, MT 59801
      View Details
    • $1,106,207
      2 SF

      Mullan Crossing Office Condo Investment

      2,630 sqft office condo with long-term NNN lease.
      3760 Mullan Rd, Missoula, MT 59808
      View Details
    • $640,000
      1 SF

      Mullan Crossing Income Property

      Office condominium with a 10-year NNN lease and monthly income.
      3760 Mullan Rd, Missoula, MT 59808
      View Details
    • Contact for pricing
      1,941 SF

      Downtown Missoula Townhome with River Views

      Stylish 3-bedroom townhome in vibrant downtown Missoula with river views.
      310 Levasseur St, Missoula, MT 59802
      View Details

    FAQs

    What type of property is this?
    Medical office - 10,276 SF Office, 7% Cap Rate
    Where is this medical office located?
    The property is located at 1100 South Ave Missoula, MT.
    What is the asking price?
    The asking price for this property is $3,130,000.
    What are key features of this property?
    This property features: Recently renovated.; High-capacity HVAC system.; Prime location.
    (406) 360-3102 Call to check price and availability
    Request Owner's contact information
    1100 South Ave Missoula, MT 59801
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1100 South Ave
    Missoula, MT 59801
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    1100 South Ave Missoula, MT 59801
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Claire Matten, Ccim Sior
    Claire Matten, Ccim Sior
    Real Estate License ID: 90048
    (406) 360-3102 (406) 203-4547
    Learn more
    Google sign-in failed. Please try again or use another login method.