Upgraded Mixed-Use Property For
3819 Stephens Avenue Missoula, MT 59801
3819 Stephens Avenue, Missoula, MT, 59801
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For Sale
Contact for pricing
Modern, upgraded mixed-use property with cash flow and diverse tenants.
Property Size14,701 SF
Price / SF$217.60
Days on Market616
Property Features for 3819 Stephens Avenue
General Information
- Standard status
- Active
- Size
- 14,701 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1974
Listing Agency
SVN PureWest Commercial Real Estate.
(406) 207-8200
Listed by
Devin Khoury · License #RRE-BRO-LIC-14766
Source
Crexi
Added: Nov 9, 2024 Checked: Jul 17 at 9:10 pm
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 SVN PureWest Commercial Real Estate.
Investment Insights
Based on property information with market context.
This mixed-use property has undergone recent upgrades, ensuring it remains modern and functional. It is available with cash flows and net operating income for a new owner. The property features multiple levels with suites and an elevator. It is home to a diverse range of tenants with long-term commercial leases, providing stability and an attractive investment opportunity. The suites are designed with professional office spaces. The common areas are well maintained. The property includes two racquetball courts converted into workout centers. On the upper level are smaller suites that could be used as live-in owner quarters or rentals. Located near the South Hills of Missoula, the building offers an ideal setting. The property is complemented by multiple parking lots, ensuring convenience and accessibility. The property size is 14701 square feet.
Key Highlights
- Significant cash flows and NOI for a new owner
- Strong, long‑term commercial leases providing stability
- Recent upgrades ensuring a modern and functional building
Local Financial Insights For Office B
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 | $308.7k | $21.00 |
| − Vacancy | −$80.3k | −$5.46 |
| EGI | $228.5k | $15.54 |
| − OpEx | −$57.1k | −$3.89 |
| NOI | $171.3k | $11.66 |
14,701 SF · lease $21.00/SF/yr · vacancy 26.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.45M
$2.14M – $2.86M
NOI $171,340 @ 7.0% cap · market cap 5.36%
Second Best
Mixed Use
$1.48M
$1.30M – $1.73M
NOI $103,642 @ 7.0% cap · market cap 3.24%
Theoretical Best
Specialty Retail
$4.24M
$3.71M – $4.95M
NOI $296,703 @ 7.0% cap · market cap 9.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Froines Law office
Law Firm
Missoula Radiology
Medical Clinic
WSW Media
Advertising Agency
Academy Mortgage - Missoula
Loan Service
Missoula Therapy
Mental Health Clinic
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Modern, upgraded mixed-use property with cash flow and diverse tenants.
Where is this mixed-use property located?
The property is located at 3819 Stephens Avenue 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: Significant cash flows and NOI for a new owner; Strong, long‑term commercial leases providing stability; Recent upgrades ensuring a modern and functional building
