Building Details

Year Built 2021

Listing Agency: Engel & Volkers West Frontier d***@evrealestate.com Show Phone

Listed By: Chris Bristol · License #RRE-RBS-LIC-119046 Show Phone

Source: Exprealty

Added: Sep 27 Changed: Oct 16 Last Checked: Oct 16 at 2:02PM

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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 Engel & Volkers West Frontier

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Investment Insights

Based on property information with market context.

Built in 2021, this 2,120-square-foot flex condominium at 5730 Expressway, Unit F, combines finished office and showroom areas with an open warehouse and mezzanine storage. The warehouse has approximately 18-foot clear height and a 14-foot grade-level overhead door. Two designated parking spaces are included, with additional access to shared parking in the development. The property is leased on a NNN basis.

The site is in Missoula’s North Reserve commercial corridor, approximately half a mile from the I-90 interchange, with access to Reserve Street and Missoula Montana Airport.

Key Highlights

• 2,120‑square‑foot flex condominium built in 2021
• Finished office and showroom space, open warehouse, and mezzanine storage
• Warehouse offers approximately 18‑foot clear height and a 14‑foot grade‑level overhead door

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$26,193

Cap Rate

5.97%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$523,860 $523.9K

Cap Rate 7%

$374,186 $374.2K

Cap Rate 9%

$291,033 $291.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,120 SF

Gross rent

$45.8K $21.60/SF

− Vacancy

−$5.5K −$2.59/SF

EGI

$40.3K $19.01/SF

− OpEx

−$14.1K −$6.65/SF

NOI

$26.2K $12.36/SF

Area

Missoula County, MT

Vacancy

12.00%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$523,860

Cap Rate 7%

$374,186

Cap Rate 9%

$291,033

Alternative Uses

Best Use

Flex RnD

$374.2K

$327.4K – $436.6K (±1% cap)

NOI $26,193 @ 7.0% cap · market cap 5.97%

Second Best

Warehouse

$267.1K

$233.8K – $311.7K (±1% cap)

NOI $18,700 @ 7.0% cap · market cap 4.26%

Theoretical Best

Specialty Retail

$611.2K

$534.8K – $713.1K (±1% cap)

NOI $42,787 @ 7.0% cap · market cap 9.75%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Dental Office Electrical Service Grocery & Convenience Store Locksmith Food Market Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

18 ft

Clear height

1

Drive-in doors

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

507

Businesses Nearby

Balanced

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 Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - An established NNN tenancy occupies a layout combining finished office and showroom areas with open warehouse space.

Where is this flex space located?

The property is located at F-5730 Expressway Missoula, MT.

What is the asking price?

The asking price for this property is $439,000.

What are key features of this property?

This property features: 2,120‑square‑foot flex condominium built in 2021; Finished office and showroom space, open warehouse, and mezzanine storage; Warehouse offers approximately 18‑foot clear height and a 14‑foot grade‑level overhead door