Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Building on Two Lots Title is generated by Realmo AI

    115 Dewey Avenue, Eureka, MT 59917

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Large commercial building with parking on main street in Eureka.

    Type:Mixed Use
    Added:
    Oct 14, 2022
    Days on Market:
    1326
    Last Refresh:
    May 19 at 8:33 pm

    Property Features for 115 Dewey Avenue

    General Information

    Standard status
    Active
    Property subtype
    Mixed Use

    Building Details

    Year Built
    1910

    We can help!

    Listing Contact
    Kirsten Holland
    Kirsten Holland

    Listing agent Kirsten Holland License #RRE-RBS-LIC-99737

    Listing office Comstock Rumble Properties

    Listing date Oct 14, 2022

    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 Comstock Rumble Properties

    HighLights

    • Large commercial building on two city lots on the main street of Eureka.
    • Option to purchase adjoining parcel 113 Dewey (assessor#50943) for a total of $640,000.
    • Parking available on the vacant lot to the north.
    • Partially finished apartment in the upper rear of the building.
    • Currently leased on a month to month basis.
    • Building built in 1910.

    Overview

    The property at 115 Dewey is a large commercial building situated on two city lots along the main street of Eureka. Parking is available on the adjacent vacant lot to the north, offered on a first-come, first-served basis. The property is currently leased on a month-to-month basis. The building includes a partially finished apartment located in the upper rear section. The adjoining parcel at 113 Dewey (assessor#50943) is also available for purchase concurrently.
    Property Profile Location Intelligence

    Current Use by Public Records

    Montana Technical Solutions Electronics & Wireless Store

    Suggested Use

    Building Supply Big Box & Wholesale Store Restaurant Pharmacy Auto Parts Store Hair Salon Gym & Fitness Center Garden Center Nail Salon Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Eureka
    County
    Lincoln
    State
    Montana
    Longitude
    -115.0529933
    Latitude
    48.8794649

    Nearby Similar for Sale

    • $799,900

      Versatile Commercial Building in Eureka

      Adaptable commercial building suitable for various business uses.
      657 Us Hwy 93 N, Eureka, MT 59917
      View Details
    • $799,900
      4,200 SF

      Commercial Building with Highway Frontage

      Adaptable commercial building suitable for various business uses.
      657 Us Hwy 93 N, Eureka, MT 59917
      View Details
    • $350,000

      Established Organic Market Business Opportunity

      Thriving organic market business for sale in Eureka, Montana.
      355 Us Hwy 93 N Suite A, Eureka, MT 59917
      View Details
    • $499,000

      Equestrian Property with Mountain Views

      5-acre Eureka, MT property with arena and irrigated pastures.
      5626 Airport Road, Eureka, MT 59917
      View Details
    • $1,499,000
      8,466 SF

      Commercial Property in Eureka, Montana

      Well-maintained commercial property with diverse tenant mix in Eureka.
      376 US Highway 93 N, Eureka, MT 59917
      View Details
    • $700,000

      Eureka Montana Six-Plex Investment Opportunity

      Well-maintained six-plex in Eureka, offering steady rental income.
      575 9th Street, Eureka, MT 59917
      View Details
    • $700,000

      Eureka Montana Multi-Family Investment

      Six-plex in Eureka, MT with steady rental income.
      575 9th Street, Eureka, MT 59917
      View Details
    • $185,000

      Luxurious RV Lot with Pond View

      Fully equipped RV lot with clubhouse shed and outdoor entertainment.
      185 Kingfisher Loop, Eureka, MT 59917
      View Details
    • $599,000

      Income-Producing Homes in Eureka, MT

      Three homes on one lot with strong rental history.
      450 6th Street E, Eureka, MT 59917
      View Details
    • $525,000

      Remodeled Triplex with Additional Lot

      Fully remodeled triplex with development potential in Eureka, Montana.
      506 1st Avenue E, Eureka, MT 59917
      View Details
    • $130,000

      RV Lot in Indian Springs

      Landscaped RV lot with mountain views in Eureka, Montana.
      342 Kingfisher Loop, Eureka, MT 59917
      View Details
    • $199,900
      720 SF

      Eureka Retail Building For Sale

      Prominently located building in Eureka with highway frontage.
      116 Dewey Avenue, Eureka, MT 59917
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Large commercial building with parking on main street in Eureka.
    Where is this mixed-use property located?
    The property is located at 115 Dewey Avenue Eureka, MT.
    What is the asking price?
    The asking price for this property is $330,000.
    What are key features of this property?
    This property features: Large commercial building on two city lots on the main street of Eureka.; Option to purchase adjoining parcel 113 Dewey (assessor#50943) for a total of $640,000.; Parking available on the vacant lot to the north.
    (406) 250-7722 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Kirsten Holland
    Kirsten Holland
    Real Estate License ID: RRE-RBS-LIC-99737
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    115 Dewey Avenue, Eureka, MT 59917
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!