Class A Office Space with
For Sale
$715,000
B-3390 Colton Dr, Helena, MT 59602
Built-out class A office space with ground-level ADA access, reception area, and second-floor offices and conference room.
Property Size3,854 SF
Price / SF$185.52
Days on Market168
Property Features for B-3390 Colton Dr
General Information
Standard status
Active
Size
3,854 SF
Class
Class A
Taxes and HOA fees
Annual Taxes
$7,081
Amenities
landscaping
Listing Agency:
Scout Real Estate
(406) 570-6369
Listed By:
Hayden Peirce
(406) 579-8946
Source:
Exprealty
Added: Apr 1
Changed: Sep 10
Last Checked: Sep 14 at 7:29AM
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 Scout Real Estate
Investment Insights
Based on property information with market context.
Class A office space totaling 3,854 square feet located within Cottonwood West Business Park. The ground-level entrance makes the first floor ADA accessible. Inside, the space opens to a reception area with tall, open vaulted ceilings and abundant natural light.
The main floor is divided into larger offices and rooms, which have previously been used as salon space. The second floor is built out for professional office use and includes five offices, a bathroom, and a conference room with skylights.
The building is supported by on-site parking with plenty of asphalt spaces plus additional street parking. Cottonwood West Business Park offers landscaped grounds, protections intended to maintain a professional environment, and a convenient commute for employees.
The main floor is divided into larger offices and rooms, which have previously been used as salon space. The second floor is built out for professional office use and includes five offices, a bathroom, and a conference room with skylights.
The building is supported by on-site parking with plenty of asphalt spaces plus additional street parking. Cottonwood West Business Park offers landscaped grounds, protections intended to maintain a professional environment, and a convenient commute for employees.
Key Highlights
- 3,854 SF class A office space within Cottonwood West Business Park
- Ground‑level entrance with first‑floor ADA access
- Reception area with tall, open vaulted ceilings and natural light
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
$41,276
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
5.77%
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%
$825,520
$825.5K
Cap Rate 7%
$589,657
$589.7K
Cap Rate 9%
$458,622
$458.6K
Market Conditions
NOI Build-Up for 3,854 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
$64.7K $16.80/SF
− Vacancy
−$9.7K −$2.52/SF
EGI
$55.0K $14.28/SF
− OpEx
−$13.8K −$3.57/SF
NOI
$41.3K $10.71/SF
Area
Lewis and Clark County, MT
Vacancy
15.00%
Lease Rate
$16.80 /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%
$825,520
Cap Rate 7%
$589,657
Cap Rate 9%
$458,622
Alternative Uses
Best Use
Office B
$589.7K
$516.0K – $687.9K
NOI $41,276 @ 7.0% cap · market cap 5.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$837.2K
$732.6K – $976.8K
NOI $58,605 @ 7.0% cap · market cap 8.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
329
Businesses Nearby
Explore this area
Business Placement
Demographics for 59602, MT
29,390
Population
12,091
Households
2.4
Avg Household Size
42
Median Age
39%
College-Educated
94%
High-School Grad
524.3 sq mi
ZIP Area
56
Density / Sq Mi
$87,841
Median Household Income
$49,580
Median Earnings
$1,291
Median Rent
$369,800
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Built-out class A office space with ground-level ADA access, reception area, and second-floor offices and conference room.
Where is this office units located?
The property is located at B-3390 Colton Dr Helena, MT.
What is the asking price?
The asking price for this property is $715,000.
What are key features of this property?
This property features: 3,854 SF class A office space within Cottonwood West Business Park; Ground‑level entrance with first‑floor ADA access; Reception area with tall, open vaulted ceilings and natural light
