Columbia Falls Laundromat and Dry
For Sale
Contact for pricing
406 Nucleus Avenue, Columbia Falls, MT 59912
Successful laundromat and dry cleaning business in downtown Columbia Falls.
Property Size2,970 SF
Price / SF$336.36
Days on Market1672
Property Features for 406 Nucleus Avenue
General Information
Standard status
Active
Size
2,970 SF
Property subtype
Mixed Use
Zoning
1
Building Details
Year Built
1965
Listing Agency:
National Parks Realty
Listed By:
Mike Anderson · License #RRE-RBS-LIC-15115
Source:
Crexi
Added: Jan 22, 2022
Changed: Aug 8
Last Checked: May 19 at 9:35PM
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 National Parks Realty
Investment Insights
Based on property information with market context.
Located in downtown Columbia Falls, this property houses a laundromat and dry cleaning business. The business has updated machines and established county-wide contracts. The property size is 2970 square feet. Seller is willing to consider owner financing with $350,000 down and a 5-year balloon.
Key Highlights
- Premier laundromat and dry cleaning business in Downtown Columbia Falls.
- Very successful laundromat and dry cleaning business with county‑wide contracts.
- Updated machines.
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
$42,131
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
4.22%
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%
$842,620
$842.6K
Cap Rate 7%
$601,871
$601.9K
Cap Rate 9%
$468,122
$468.1K
Market Conditions
NOI Build-Up for 2,970 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
$62.4K $21.00/SF
− Vacancy
−$2.2K −$0.74/SF
EGI
$60.2K $20.27/SF
− OpEx
−$18.1K −$6.08/SF
NOI
$42.1K $14.19/SF
Area
Flathead County, MT
Vacancy
3.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
30.00%
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%
$842,620
Cap Rate 7%
$601,871
Cap Rate 9%
$468,122
Alternative Uses
Best Use
Retail
$601.9K
$526.6K – $702.2K
NOI $42,131 @ 7.0% cap · market cap 4.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$663.1K
$580.2K – $773.6K
NOI $46,418 @ 7.0% cap · market cap 4.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
495
Businesses Nearby
33k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 53%
Shops & Services 42%
Dining 6%
Smith's
Groceries
17,132 visits/mo
0.1 miles
Exxon
Shops & Services
9,362 visits/mo
0.5 miles
Town Pump
Shops & Services
4,281 visits/mo
0.5 miles
Pizza Hut
Dining
1,834 visits/mo
0.5 miles
Demographics for 59912, MT
15,395
Population
6,831
Households
2.3
Avg Household Size
43
Median Age
31%
College-Educated
93%
High-School Grad
188.9 sq mi
ZIP Area
81
Density / Sq Mi
$73,515
Median Household Income
$38,529
Median Earnings
$1,052
Median Rent
$438,000
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Successful laundromat and dry cleaning business in downtown Columbia Falls.
Where is this retail space located?
The property is located at 406 Nucleus Avenue Columbia Falls, MT.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Premier laundromat and dry cleaning business in Downtown Columbia Falls.; Very successful laundromat and dry cleaning business with county‑wide contracts.; Updated machines.
