Commercial Building Near Southgate
For Sale
Contact for pricing
2307 S Grant Street, Missoula, MT 59801
Commercial building with shop, storage, and customer access.
Property Size2,000 SF
Price / SF$149.95
Days on Market914
Property Features for 2307 S Grant Street
General Information
Standard status
Active
Size
2,000 SF
Total Parking Spaces
3
Property subtype
Mixed Use
Building Details
Year Built
1952
Listing Agency:
Clark Fork Realty
Listed By:
Matt Rosbarsky · License #RRE-BRO-LIC-7065
(406) 728-2621
Source:
Crexi
Added: Apr 11, 2024
Changed: Oct 3
Last Checked: Oct 11 at 6:04AM
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 Clark Fork Realty
Investment Insights
Based on property information with market context.
This commercial building, zoned C1-4, is located near Southgate Mall and just off South Avenue. It features over 2000 square feet of heated shop and storage space. An alley provides access via an overhead door for loading and unloading. The front of the building offers customer access. A loft space is also included. The front portion of the building has been used as an office, a shop for stage light and audio repair, and a sound studio. The current owner has operated a sound and light business from this location for many years.
Key Highlights
- Zoned C1‑4 (Commercial)
- Located near Southgate Mall and South Avenue
- Boasts over 2000 square feet of heated shop and storage space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,696
Cap Rate
8.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$493,920
$493.9K
Cap Rate 7%
$352,800
$352.8K
Cap Rate 9%
$274,400
$274.4K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$36.0K $18.00/SF
− Vacancy
−$720 −$0.36/SF
EGI
$35.3K $17.64/SF
− OpEx
−$10.6K −$5.29/SF
NOI
$24.7K $12.35/SF
Area
Missoula County, MT
Vacancy
2.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$493,920
Cap Rate 7%
$352,800
Cap Rate 9%
$274,400
Alternative Uses
Best Use
Retail
$352.8K
$308.7K – $411.6K
NOI $24,696 @ 7.0% cap · market cap 8.23%
Second Best
Office B
$333.0K
$291.4K – $388.5K
NOI $23,310 @ 7.0% cap · market cap 7.77%
Theoretical Best
Specialty Retail
$576.6K
$504.6K – $672.8K
NOI $40,365 @ 7.0% cap · market cap 13.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,279
Businesses Nearby
Explore this area
Business Placement
Demographics for 59801, MT
30,629
Population
15,814
Households
1.9
Avg Household Size
34
Median Age
51%
College-Educated
97%
High-School Grad
7.7 sq mi
ZIP Area
3,978
Density / Sq Mi
$55,022
Median Household Income
$34,320
Median Earnings
$1,086
Median Rent
$393,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial building with shop, storage, and customer access.
Where is this mixed-use property located?
The property is located at 2307 S Grant Street Missoula, MT.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Zoned C1‑4 (Commercial); Located near Southgate Mall and South Avenue; Boasts over 2000 square feet of heated shop and storage space
