939 Stephens Avenue, Missoula, MT 59801
SINGLE_FAMILY - Missoula, MT
- Added:
- May 7, 2026
- Days on Market:
- 48
- Last Refresh:
- Jun 23 at 7:06 pm
Property Features for 939 Stephens Avenue
General Information
- Property type
- Residential
- Property subtype
- Retail
- Parking
- 12
- Parking features
- On Street, Alley
- Standard status
- Active
- APN
- 04220028215010000
- Size
- 9,900 SF
- Lot size
- 0.27 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- SOUTH MISSOULA, S28, T13 N, R19 W, BLOCK 77, Lot 13 - 15 Acres: 0.27
- Tax Annual Amount
- 24974
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1962
- Flooring type
- Concrete, Carpet
Listing agent Paulette McMannis License #RRE-BRO-LIC-6990 (406) 880-4988
Listing office Berkshire Hathaway HomeServices - Missoula 1020 South Avenue W, Missoula, MT (406) 721-4141
Listing date May 7, 2026
Copyright © 2026 Montana Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 9,900 SF versatile building suited for retail, office, service business, or mixed‑use occupancy
- RM1‑45 zoning with legal non‑conforming commercial use permitted
- Alley access with overhead door, plus private on‑site parking and on‑street parking
- New exterior paint and flexible floor plan; can be occupied as one space or divided for multiple users
- Forced air heating and central air conditioning
- Public water and public sewer; built in 1962
Overview
Situated on a central corridor with easy access and exceptional visibility, the location is designed to serve walk-up and drive-by customers. The property also features private on-site parking, adding day-to-day convenience for staff, customers, and tenants.
From a tenant and operator perspective, the configuration supports a range of commercial models, including retail and professional service uses. The remarks also note that a legal non-conforming commercial use is permitted within RM1-45 zoning, which may be a key consideration for buyers evaluating permitted operating scenarios. With its combination of frontage visibility, flexible interior space, and dedicated parking, the building is positioned to fit both single-user and multi-tenant strategies.
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 | $178.2k | $18.00 |
| − Vacancy | −$3.6k | −$0.36 |
| EGI | $174.6k | $17.64 |
| − OpEx | −$52.4k | −$5.29 |
| NOI | $122.2k | $12.35 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Missoula
- County
- Missoula
- State
- Montana
- Longitude
- -114.01197
- Latitude
- 46.857633
