Versatile Building in High-Traffic
939 Stephens Avenue, Missoula, MT 59801
9,900 SF building suitable for retail, office, or mixed-use.
Type:Commercial
Property size:
9,935 SFPrice / SF:
$160/SF- Added:
- May 22, 2026
- Days on Market:
- 10
- Last Refresh:
- May 22 at 1:07 pm
Property Features for 939 Stephens Avenue
General Information
- Standard status
- Active
- Size
- 9,935 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1962
Listing agent Paulette McMannis
Listing office Berkshire Hathaway HomeServices - Missoula
Listing date May 22, 2026
Source Clearwaterproperties
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 Berkshire Hathaway HomeServices - Missoula
HighLights
- High‑traffic central location with exceptional visibility.
- Versatile 9,900 SF building suitable for retail, office, service business, or mixed‑use.
- Income potential through division for multiple users.
- Legal non‑conforming commercial use permitted within RM1‑45 zoning.
- Alley access with overhead door.
- Private on‑site parking.
Overview
This 9,900 SF building is located in a high-traffic central location with easy access and exceptional visibility. The property is suitable for retail, office, service business, or mixed-use occupancy. The building can be occupied entirely or divided for multiple users, offering income potential. Features include new exterior paint, solid construction, a flexible floor plan, alley access with an overhead door, and private on-site parking. The property has legal non-conforming commercial use permitted within RM1-45 zoning.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $178.8k | $18.00 |
| − Vacancy | −$3.6k | −$0.36 |
| EGI | $175.3k | $17.64 |
| − OpEx | −$52.6k | −$5.29 |
| NOI | $122.7k | $12.35 |
9,935 SF · lease $18.00/SF/yr · vacancy 2.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.75M
$1.53M – $2.04M
NOI $122,677 @ 7.0% cap · market cap 7.69%
Second Best
Office B
$1.65M
$1.45M – $1.93M
NOI $115,792 @ 7.0% cap · market cap 7.26%
Theoretical Best
Specialty Retail
$2.86M
$2.51M – $3.34M
NOI $200,513 @ 7.0% cap · market cap 12.57%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Stitches Screenprint and Embroidery
Production Facility
Soft Landing Missoula
Association / Organization
Location Insight
- Map
- Local Demand
- City
- Missoula
- County
- Missoula
- State
- Montana
- Longitude
- -114.0117746
- Latitude
- 46.8576191
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - 9,900 SF building suitable for retail, office, or mixed-use.
Where is this retail space located?
The property is located at 939 Stephens Avenue Missoula, MT.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: High‑traffic central location with exceptional visibility.; Versatile 9,900 SF building suitable for retail, office, service business, or mixed‑use.; Income potential through division for multiple users.
