Warehouse and Cold Storage
For Sale
Contact for pricing
5625 Expressway, Missoula, MT 59808
Well-equipped warehouse and cold storage facility in Missoula's Development Park.
Property Size28,965 SF
Lot Size1.52 Acres
Price / SF$191.61
Days on Market851
Property Features for 5625 Expressway
General Information
Standard status
Active
Size
28,965 SF
Lot size
1.52 Acres
Property subtype
Industrial
Zoning
M1-2
Building Details
Year Built
1995
Listing Agency:
Sterling CRE Advisors
(406) 360-3102
Listed By:
Claire Matten, CCIM/SIOR · License #RRE-BRO-LIC-90048
Source:
Crexi
Added: Apr 23, 2024
Changed: Aug 8
Last Checked: Aug 8 at 11:56AM
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 Sterling CRE Advisors
Investment Insights
Based on property information with market context.
Located at 5625 Expressway in Missoula's Development Park, this well-equipped warehouse and cold storage facility resides on approximately 1.52 acres with flexible M-2 zoning. The property features dedicated parking and multiple ingress/egress points for truck access. A full security/surveillance system and an intercom system are in place. The warehouse includes dry storage, cooler and freezer storage, a clean room for packaging with a sanitation area, break areas, restrooms for both warehouse and office staff, dock high loading, and grade level loading. The office area features a reception and waiting area, seventeen private offices, print/work areas, a breakroom with a kitchenette, restrooms, and a conference room. The building is fully sprinkled and constructed with pre-engineered steel siding. It has been meticulously maintained, earning an AIB Certification for over six consecutive years. The building is available for immediate occupancy and offers convenient proximity to Interstate-90, providing superior connectivity.
Key Highlights
- Well‑equipped warehouse and cold storage facility featuring dry storage, cooler and freezer storage, and a clean room.
- Conveniently located in Missoula's Development Park with superior connectivity and proximity to Interstate‑90.
- Flexible M‑2 zoning on ±1.52 acres with multiple ingress/egress points for truck access.
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
$337,587
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
6.08%
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%
$6,751,740
$6.8M
Cap Rate 7%
$4,822,671
$4.8M
Cap Rate 9%
$3,750,967
$3.8M
Market Conditions
NOI Build-Up for 28,965 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
$608.3K $21.00/SF
− Vacancy
−$158.1K −$5.46/SF
EGI
$450.1K $15.54/SF
− OpEx
−$112.5K −$3.89/SF
NOI
$337.6K $11.66/SF
Area
Missoula County, MT
Vacancy
26.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
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%
$6,751,740
Cap Rate 7%
$4,822,671
Cap Rate 9%
$3,750,967
Alternative Uses
Best Use
Office B
$4.82M
$4.22M – $5.63M
NOI $337,587 @ 7.0% cap · market cap 6.08%
Second Best
Warehouse
$3.65M
$3.19M – $4.26M
NOI $255,499 @ 7.0% cap · market cap 4.60%
Theoretical Best
Specialty Retail
$8.35M
$7.31M – $9.74M
NOI $584,586 @ 7.0% cap · market cap 10.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
228
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 Office in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Cheap Charley's Mini Storage — 6400 Kestrel Ct, Missoula, MT 59808
- All Star Self Storage — 4645 Harlequin Ct, Missoula, MT 59808
- Mr. T's Self Storage — 5075 Expressway, Missoula, MT 59808
- AutoConcierge — 5744 W Harrier, Missoula, MT 59808
Frequently Asked Questions
What type of property is this?
Warehouse - Well-equipped warehouse and cold storage facility in Missoula's Development Park.
Where is this warehouse located?
The property is located at 5625 Expressway Missoula, MT.
What is the asking price?
The asking price for this property is $5,550,000.
What are key features of this property?
This property features: Well‑equipped warehouse and cold storage facility featuring dry storage, cooler and freezer storage, and a clean room.; Conveniently located in Missoula's Development Park with superior connectivity and proximity to Interstate‑90.; Flexible M‑2 zoning on ±1.52 acres with multiple ingress/egress points for truck access.
