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    5840 Expressway Missoula, MT 59808

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    Two-story, 19,142 SF flex-industrial facility in Missoula's Development Park.

    Type:Office, Industrial
    Property size:
    19,142 SF
    Lot size:
    3.81 Acres
    Added:
    Oct 16, 2024
    Days on Market:
    563
    Last Refresh:
    Mar 17 at 1:22 pm

    Property Features for 5840 Expressway

    General Information

    Standard status
    Active
    Size
    19,142 SF
    Lot size
    3.81 Acres
    Property subtype
    Office, Industrial

    Building Details

    Year Built
    1993

    Spaces For Lease

    at 5840 Expressway Contact us

    Suite 201 $19 /Mo

    Size
    4,666 SF
    Type
    Office, Industrial
    The second floor of the building spans ±4,466 SF with two (2) wet lab rooms equipped...
    show more
    Contact us

    Suite 101 $12 /Mo

    Size
    555 SF
    Type
    Office, Industrial
    This flex warehouse offers ±555 SF with one (1) 9' grade level overhead door. Two...
    show more
    Contact us

    Suite 107 $13 /Mo

    Size
    8,050 SF
    Type
    Office, Industrial
    The warehouse spans across ±8,050 SF with two grade level loading doors and one...
    show more
    Contact us

    We can help!

    Listing Contact
    Claire Matten, CCIM/SIOR

    Listing agent Claire Matten, CCIM/SIOR License #RRE-BRO-LIC-90048

    Listing office Sterling CRE Advisors

    Listing date Oct 16, 2024

    Source Crexi

    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

    Overview

    Missoula Flex-Industrial Facility For Lease

    Located at 5840 Expressway in Missoula’s fast-growing Development Park, this flex-industrial facility offers multiple lease opportunities, including flex warehouse space and wet lab space with potential for conversion into additional office use. The two-story building spans approximately 19,142 square feet. Situated on a ±3.81-acre site, this industrial asset is ideal for light manufacturing, research and development, or life sciences users. Built in 1993, the building features block construction and metal siding, fire suppression systems, and clear heights of up to 17 feet. A secured, shared yard and paved parking area allow for efficient truck circulation and operational ease. The property is located 0.6 miles from the Interstate 90 interchange and directly across from the Missoula International Airport. Missoula’s Development Park is emerging as a hub for life sciences, tech, and manufacturing. The location positions the property as a strategic operations base for regional distribution, high-growth startups, or established industrial firms looking to expand in the Northern Rockies.
    Location Intelligence

    Current Use by Public Records

    Cutthroat Laboratories Corporate Office Socati Corp. Industrial Manufacturer

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Building Supply Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Auto Parts Store Department Store Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Missoula
    County
    Missoula
    State
    Montana
    Longitude
    -114.0773485
    Latitude
    46.9242425

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    FAQs

    What type of property is this?
    Flex space - Two-story, 19,142 SF flex-industrial facility in Missoula's Development Park.
    Where is this flex space located?
    The property is located at 5840 Expressway Missoula, MT.
    What are key features of this property?
    This property features: Strategic location: Just 0.6 miles from I‑90 and directly across from Missoula International Airport.; Versatile space: Features flex warehouse and wet lab space with potential for office conversion.; Suitable for light manufacturing, research and development, or life sciences.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Claire Matten, CCIM/SIOR
    Real Estate License ID: RRE-BRO-LIC-90048
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    5840 Expressway, Missoula, MT 59808

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