Your AI Navigator in Commercial Real Estate
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

    1235 1St St Hamilton, MT 59840

    For Sale
    $4,000,000

    Montana Retail Center - High Occupancy

    Property size:
    61,120 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents the Bitterroot Valley Shopping Center, a 61,120 square foot retail center located at 1235 N 1st St, Hamilton, MT 59840. The property sits on a 6.71-acre lot and comprises two buildings: a 57,759 square foot former Kmart and a 3,340 square foot US Bank branch. Both tenants recently exercised options to extend their leases, ensuring 100% occupancy. The center boasts a strong NOI of $338,896, resulting in an 8.00% cap rate, and is offered at an asking price of $4,000,000 ($65.45/sq ft). Built in 1988, the property benefits from its location on Highway 93 (N. 1st Street), experiencing a high traffic count of 18,360 AADT. The property includes additional developable land adjacent to the former Kmart, offering potential for approximately 16,000 square feet of future retail space. The adjacent Albertson's recently purchased additional land for expansion, further enhancing the center's long-term prospects. This is a core+ investment with a NNN lease structure. The property is strategically positioned in Ravalli County, Montana, offering a compelling combination of strong tenancy, high traffic visibility, and significant future development potential.

    Property Features for 1235 1St St

    General Information

    Property type
    Lifestyle centers
    Square Feet
    61,120 SF
    Lot Size
    292,288 SF

    Building Details

    Year Built
    1988
    Buildings
    2

    HighLights

    • Kmart and Albertsons anchored shopping center.
    • Kmart and US Bank have recently extended their leases.
    • High traffic count of 18,360 AADT on Highway 93 (N. 1st Street).
    • Albertsons recently acquired additional land for expansion.
    • 16,000 square feet of future retail development potential available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Hamilton
    County
    Ravalli
    State
    Montana
    Longitude
    -114.159313
    Latitude
    46.261542

    Nearby Similar for Sale

    • $899,000
      0.08 Acres

      Historic Landmark in Downtown Hamilton

      Iconic 1910 building with commercial space and apartments.
      169 S 2Nd St, Hamilton, MT 59840
      View Details
    • $629,000
      0.32 Acres

      Hamilton Four-Unit Income Property

      Well-maintained, fully leased four-unit property near downtown Hamilton, Montana.
      245 Marcus St, Hamilton, MT 59840
      View Details
    • $175,000

      Highway 93 Commercial Space

      Open commercial space suitable for retail or commercial use.
      410 North 1St St, Hamilton, MT 59840
      View Details
    • $799,000
      5 SF

      Live-Work Property with Mountain Views

      Exceptional property with income potential and massive workshop near Hamilton.
      245 Skalkaho Hwy, Hamilton, MT 59840
      View Details
    • $275,000
      3 SF

      Profitable Art Gallery Business Opportunity

      Established art gallery business for sale in vibrant downtown Hamilton.
      315 W Main St, Hamilton, MT 59840
      View Details
    • $1,049,000
      10 SF

      Hamilton Storage Facility on Highway 93

      59-unit storage facility with work/live home and office.
      1130 S 1St St, Hamilton, MT 59840
      View Details

    FAQs

    What type of property is this?
    Lifestyle center - Montana Retail Center - High Occupancy
    Where is this lifestyle center located?
    The property is located at 1235 1St St Hamilton, MT.
    What is the asking price?
    The asking price for this property is $4,000,000.
    What are key features of this property?
    This property features: Kmart and Albertsons anchored shopping center.; Kmart and US Bank have recently extended their leases.; High traffic count of 18,360 AADT on Highway 93 (N. 1st Street).
    Request Owner's contact information
    1235 1St St Hamilton, MT 59840
    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.
    1235 1St St
    Hamilton, MT 59840
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    1235 1St St Hamilton, MT 59840
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.