Warehouse in Missoula Development
For Sale
$1,100,000
Pending
9330 Futurity Drive, Missoula, MT 59808
5,000 sqft warehouse on 1.03-acre lot near airport.
Property Size5,000 SF
Lot Size1.03 Acres
Days on Market788
Property Features for 9330 Futurity Drive
General Information
Standard status
Pending
Size
5,000 SF
Lot size
1.03 Acres
Property subtype
Commercial/Industrial
Taxes and HOA fees
Annual Taxes
$7,700
Building Details
Year Built
1973
Listing Agency:
Engel & Völkers Western Frontier - Missoula
(406) 240-3835
Listed By:
Jamie Lynn Miller · License #RRE-BRO-LIC-119315
(406) 240-3835
Source:
Exitrealty
Added: Jun 21, 2024
Changed: Aug 8
Last Checked: Jul 23 at 8:36AM
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 Engel & Völkers Western Frontier - Missoula
Investment Insights
Based on property information with market context.
This commercial property features a 5,000 sqft warehouse situated on a 1.03-acre lot. The property includes new fencing and asphalt pavement. Located in the Missoula Development Park off Hwy 10 near the Wye, it is positioned minutes from the I-90 interchange and close to the Missoula International Airport. The warehouse is equipped with three 15-foot overhead doors and a drive-through bay, designed to facilitate access for large vehicles and equipment. The interior includes two restrooms, a separate office space, and overhead heaters. This warehouse is suitable for various commercial and business uses and industries, including material and equipment storage, distribution, and manufacturing.
Key Highlights
- 5,000 sqft warehouse on a 1.03‑acre lot.
- Prime location in Missoula Development Park near Hwy 10 and the I‑90 interchange, close to the Missoula International Airport.
- Equipped with 3, 15‑foot overhead doors and a drive‑through bay.
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
$44,105
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
4.01%
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%
$882,100
$882.1K
Cap Rate 7%
$630,071
$630.1K
Cap Rate 9%
$490,056
$490.1K
Market Conditions
NOI Build-Up for 5,000 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
$55.2K $11.04/SF
− Vacancy
−$3.3K −$0.66/SF
EGI
$51.9K $10.38/SF
− OpEx
−$7.8K −$1.56/SF
NOI
$44.1K $8.82/SF
Area
Missoula County, MT
Vacancy
6.00%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
15.00%
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%
$882,100
Cap Rate 7%
$630,071
Cap Rate 9%
$490,056
Alternative Uses
Best Use
Warehouse
$630.1K
$551.3K – $735.1K
NOI $44,105 @ 7.0% cap · market cap 4.01%
Second Best
Industrial
$518.9K
$454.0K – $605.4K
NOI $36,322 @ 7.0% cap · market cap 3.30%
Theoretical Best
Specialty Retail
$1.44M
$1.26M – $1.68M
NOI $100,913 @ 7.0% cap · market cap 9.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
132
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 59808, MT
21,546
Population
9,938
Households
2.2
Avg Household Size
38
Median Age
40%
College-Educated
97%
High-School Grad
157.1 sq mi
ZIP Area
137
Density / Sq Mi
$76,795
Median Household Income
$39,324
Median Earnings
$1,236
Median Rent
$419,800
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Copperstone Stor-All — 8700 Roller Coaster Rd, Missoula, MT 59808
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- O'Keefe Creek RV & Boat Storage — 9400 Inspiration Dr, Missoula, MT 59808
Frequently Asked Questions
What type of property is this?
Warehouse - 5,000 sqft warehouse on 1.03-acre lot near airport.
Where is this warehouse located?
The property is located at 9330 Futurity Drive Missoula, MT.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 5,000 sqft warehouse on a 1.03‑acre lot.; Prime location in Missoula Development Park near Hwy 10 and the I‑90 interchange, close to the Missoula International Airport.; Equipped with **3, 15‑foot overhead doors and a drive‑through bay.**
