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    3819 Stephens Ave Missoula, MT 59801

    Sponsored
    For Sale
    $3,199,000

    High-NOI Retail Building in Missoula, MT

    Property size:
    14,701 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional Missoula retail property, located at 3819 Stephens Avenue, offers a compelling investment opportunity with a strong 5.88% cap rate and a substantial net operating income (NOI) of $188,000. The 14,701 square foot building sits on a one-acre lot and features five units, all benefiting from strong, long-term commercial leases providing excellent stability. Recently updated, the property boasts modern amenities including an elevator for convenient access to multiple levels. The building's design incorporates well-appointed suites suitable for a variety of businesses, complemented by well-maintained common areas. Two former racquetball courts have been converted into workout centers, adding value and versatility. The upper level offers multiple smaller suites with potential for live-in owner quarters or additional rental income. Situated near the South Hills of Missoula, this property offers a desirable location with scenic views and ample parking. The combination of prime location, upgraded infrastructure, and versatile space makes this a standout asset in the Missoula market. The asking price is $3,199,000.

    Property Features for 3819 Stephens Ave

    General Information

    Property type
    Retail properties
    Square Feet
    14,701 SF
    Lot Size
    43,560 SF

    Building Details

    Units
    5

    HighLights

    • Exceptional Missoula retail property at 3819 Stephens Avenue, offering a 5.88% cap rate and $188,000 NOI.
    • 14,701 square foot building on a one‑acre lot with five units, all under strong, long‑term leases.
    • Recently updated with modern amenities, including an elevator.
    • Features versatile space, including converted workout centers and potential live‑in owner quarters.
    • Desirable South Hills location with scenic views and ample parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Froines Law office Trial Attorney Missoula Radiology Medical Diagnostic Imaging Center WSW Media Marketing Agency Academy Mortgage - Missoula Mortgage Lender Missoula Therapy Counselor

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Missoula
    County
    Missoula
    State
    Montana
    Longitude
    -114.0138171
    Latitude
    46.8359603

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    FAQs

    What type of property is this?
    Retail property - High-NOI Retail Building in Missoula, MT
    Where is this retail property located?
    The property is located at 3819 Stephens Ave Missoula, MT.
    What is the asking price?
    The asking price for this property is $3,199,000.
    What are key features of this property?
    This property features: Exceptional Missoula retail property at 3819 Stephens Avenue, offering a 5.88% cap rate and $188,000 NOI.; 14,701 square foot building on a one-acre lot with five units, all under strong, long-term leases.; Recently updated with modern amenities, including an elevator.
    (406) 207-8200
    Request Owner's contact information
    3819 Stephens Ave Missoula, MT 59801
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    Missoula, MT 59801
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    Realmo Value Estimation

    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.

    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.

    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
    3819 Stephens Ave Missoula, MT 59801
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