Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3323 Dredge Dr Helena, MT 59602

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    23,583 SF Vacant Retail Space, Montana Ave

    Property size:
    23,583 SF

    Property Features for 3323 Dredge Dr

    General Information

    Property type
    Individual retail properties
    Square Feet
    23,583 SF

    Building Details

    Buildings
    1

    We can help!

    Listing Contact
    Mike Medina
    Mike Medina

    Listing Agency: Mountain West CRE Listing Agent: Mike Medina

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional freestanding retail building, located at 3323 Dredge Drive in Helena, Montana, presents a unique investment opportunity. The property boasts a substantial 23,583 square feet of vacant space, ideal for a variety of retail uses. Its prime location on a major retail corridor ensures high visibility and significant foot traffic. The property benefits from excellent exposure on Montana Avenue, a busy thoroughfare with an average daily traffic count of 18,921 vehicles. Custer Avenue, another nearby artery, also contributes to the high traffic volume, boasting an average daily traffic count of 11,727 vehicles. The building is a single-tenant structure, offering flexibility and control for the new owner. The property is currently vacant, providing a blank canvas for a new business to establish itself in a high-traffic area. The sale is offered as a For Sale By Owner transaction. The property's APN is 05-1888-18-4-02-40. This is a Triple Net (NNN) lease property. This presents a rare chance to acquire a substantial retail space in a thriving Montana market. The previous tenant's relocation to a larger facility underscores the area's strong retail demand. This property is ready for immediate occupancy and offers significant potential for growth and return on investment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bob Ward's Sports ... (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Helena
    County
    Lewis and Clark
    State
    Montana
    Longitude
    -112.0217374
    Latitude
    46.6208582

    Nearby Similar for Sale

    • $675,000
      1,751 SF

      Mixed-Use Property with Large Shop

      One-level home with shop near Helena, offering business potential.
      3660 N Montana Ave, Helena, MT 59602
      View Details
    • New
      $450,000
      0.19 Acres

      Helena Duplex with 3-Car Garage

      Well-maintained duplex in central Helena, ideal for investment or multi-generational living.
      410 S Montana Ave, Helena, MT 59601
      View Details
    • $670,000
      0.16 Acres

      Helena, MT Four-Plex Investment

      Fully occupied four-plex with long-term renters in Helena, Montana.
      421 E 15Th St, Helena, MT 59601
      View Details
    • $650,000
      0.24 Acres

      Helena Multifamily Investment Opportunity

      Six-unit multifamily property in central Helena, convenient location.
      804 Logan St, Helena, MT 59601
      View Details
    • $375,000
      0.11 Acres

      Helena Duplex in Downtown Area

      Income-generating duplex in downtown Helena with two units.
      619 E Broadway St, Helena, MT 59601
      View Details
    • $595,000
      3,800 SF

      Mixed-Use Property with Income Potential

      Three buildings: house, apartment, and office space on large lot.
      5530 N Montana Ave, Helena, MT 59602
      View Details
    • $425,000
      2,880 SF

      Industrial Building with Fenced Wareyard

      2,880 SF steel building with shop and office space.
      3109 Bozeman Ave, Helena, MT 59601
      View Details
    • $750,000
      3,230 SF

      Established Convenience Stores Business Opportunity

      Two established convenience stores with strong sales and loyal customer base.
      615 Helena Ave, Helena, MT 59601
      View Details
    • $490,000
      25,728 SF

      Downtown Helena Commercial Condo

      Commercial condo in downtown Helena, currently used as professional offices.
      800 N Last Chance Gulch, Helena, MT 59601
      View Details
    • $1,095,000
      3,175 SF

      Medical Office Condo For Sale

      3,175 SF medical office condo in South Hills medical district.
      2480 Tracy Dr, Helena, MT 59601
      View Details
    • $595,000
      4 SF

      Downtown Warehouse with Redevelopment Potential

      4,800 SF warehouse on 7,200 SF lot in downtown Helena.
      814 Front St, Helena, MT 59601
      View Details
    • Contact for pricing
      50,146 SF

      Downtown Helena Office Building

      50,146 SF office building in downtown Helena, Montana.
      302 N Last Chance Gulch, Helena, MT 59601
      View Details

    FAQs

    What type of property is this?
    Individual retail property - 23,583 SF Vacant Retail Space, Montana Ave
    Where is this individual retail property located?
    The property is located at 3323 Dredge Dr Helena, MT.
    What are key features of this property?
    This property features: 23,583 SF freestanding retail building for sale.; Located on a primary retail corridor with high visibility.; Vacant, single-tenant space.
    (801) 416-1049 Call to check price and availability
    Request Owner's contact information
    3323 Dredge Dr Helena, MT 59602
    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.
    3323 Dredge Dr
    Helena, MT 59602
    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
    3323 Dredge Dr Helena, MT 59602
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Mike Medina
    Mike Medina
    Real Estate License ID: 5487784-SA00
    (801) 416-1049 (801) 456-8800
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!