Highway 200 Mixed-Use
124 Morrison Ln, Potomac, MT 59823
8.16-acre mixed-use property with shops and custom home.
Type:Industrial, Mixed Use
Property size:
14,250 SFLot size:
8.16 AcresPrice / SF:
$157/SF- Added:
- Jun 26, 2023
- Days on Market:
- 1062
- Last Refresh:
- May 12 at 9:04 pm
Property Features for 124 Morrison Ln
General Information
- Standard status
- Active
- Size
- 14,250 SF
- Lot size
- 8.16 Acres
- Property subtype
- Industrial, Mixed Use
Listing agent Jeannette Carr-Smith License #RRE-BRO-LIC-61371
Listing office Clearwater Properties
Listing date Jun 26, 2023
Source Crexi
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 Clearwater Properties
HighLights
- Two large shops with three‑phase power, insulated and heated, one finished with office space and bathroom.
- 8.16 acre parcel in the Potomac Valley, East of Missoula, with Hwy 200 access, loop driveway, and loading dock.
- Custom 4126 square foot, zero‑step entry home built in 2006.
- Home features tailor‑made black walnut cabinetry and built‑ins.
- Open living area with complete wet bar for entertaining.
- Master suite with ornate wood closets, full bathroom, laundry room, and access to back patio with hot tub.
Overview
This 8.16-acre property is located on Highway 200 in the Potomac Valley, east of Missoula. It features two large shops with three-phase power, insulation, and heating. The property has access off Highway 200 E, a loop driveway, and a loading dock. One shop is finished and measures 50x70 feet, including office space, a bathroom, and water lines throughout the interior. The second shop, soon to be sided, provides 6600 square feet of space and also has a bathroom. A custom 4126 square foot home, built in 2006, is included on the property. The zero-step entry home features black walnut cabinetry and built-ins. The open living area includes a wet bar. An additional bonus room off the kitchen could serve as a dining room, theatre room, or den. The home has three bedrooms, two and a half bathrooms, and an attached three-car garage. The master suite includes wood closets, a full bathroom, and a laundry room with glass doors to the back patio.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$1.85M
NOI $166,084 @ 9.00% cap · cautious / downside scenario
Moderate
$2.37M
NOI $166,084 @ 7.00% cap · market / base-case scenario
Aggressive
$3.32M
NOI $166,084 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $299.3k | $21.00 |
| − Vacancy | −$77.8k | −$5.46 |
| EGI | $221.4k | $15.54 |
| − OpEx | −$55.4k | −$3.89 |
| NOI | $166.1k | $11.66 |
14,250 SF · lease $21.00/SF/yr · vacancy 26.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$2.37M
$2.08M – $2.77M
NOI $166,084 @ 7.0% cap · market cap 7.38%
Second Best
Industrial
$1.48M
$1.29M – $1.73M
NOI $103,517 @ 7.0% cap · market cap 4.60%
Theoretical Best
Specialty Retail
$4.11M
$3.60M – $4.79M
NOI $287,601 @ 7.0% cap · market cap 12.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Manufacturing properties
Map
- City
- Potomac
- County
- Missoula
- State
- Montana
- Longitude
- -113.587
- Latitude
- 46.8727
FAQs
What type of property is this?
Mixed-use property - 8.16-acre mixed-use property with shops and custom home.
Where is this mixed-use property located?
The property is located at 124 Morrison Ln Potomac, MT.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Two large shops with three‑phase power, insulated and heated, one finished with office space and bathroom.; 8.16 acre parcel in the Potomac Valley, East of Missoula, with Hwy 200 access, loop driveway, and loading dock.; Custom 4126 square foot, zero‑step entry home built in 2006.
