Mixed-Use Property with Open Main
1526 South, Missoula, MT 59801
For Sale
New
$499,900
The lower level has two egress windows and a separate exterior entrance.
Property Size2,240 SF
Price / SF$223.17
Days on Market1
Property Features for 1526 South
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
Garage: Alley Access
Alley Access
Building Details
Year Built
Buildings
Listing Agency:
Kelly Right Real Estate of Montana LLC - Missoula
Listed By:
Sheila M Mischke
(406) 214-4046
Source:
Clearwaterproperties
Added: Nov 6
Last Checked: Nov 6 at 8:34AM
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 Kelly Right Real Estate of Montana LLC - Missoula
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use building has a spacious, open main floor with a bathroom designed for accessible use. The basement has new flooring, two egress windows, and its own exterior entrance with stairwell access. An ADA ramp is available but has not been installed, and portions of the property are accessible. The site includes approximately 9–10 parking spaces.
At 1526 South Avenue W in Missoula, the property sits where Russell, Brooks, and South Avenue meet. Nearby destinations identified include Tremper’s, the Western Montana Fair, and Southgate Mall.
At 1526 South Avenue W in Missoula, the property sits where Russell, Brooks, and South Avenue meet. Nearby destinations identified include Tremper’s, the Western Montana Fair, and Southgate Mall.
Key Highlights
- Open main floor with a bathroom designed for accessible use
- Basement includes two egress windows and separate exterior access with a stairwell
- Approximately 9–10 parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,107
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$522,140
$522.1K
Cap Rate 7%
$372,957
$373.0K
Cap Rate 9%
$290,078
$290.1K
Market Conditions
NOI Build-Up for 2,240 SF
Gross rent
$47.0K $21.00/SF
− Vacancy
−$12.2K −$5.46/SF
EGI
$34.8K $15.54/SF
− OpEx
−$8.7K −$3.89/SF
NOI
$26.1K $11.66/SF
Area
Missoula County, MT
Vacancy
26.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$522,140
Cap Rate 7%
$372,957
Cap Rate 9%
$290,078
Alternative Uses
Best Use
Office B
$373.0K
$326.3K – $435.1K
NOI $26,107 @ 7.0% cap · market cap 5.22%
Second Best
Mixed Use
$225.6K
$197.4K – $263.2K
NOI $15,792 @ 7.0% cap · market cap 3.16%
Theoretical Best
Specialty Retail
$645.8K
$565.1K – $753.5K
NOI $45,209 @ 7.0% cap · market cap 9.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,516
Businesses Nearby
Explore this area
Business Placement
Demographics for 59801, MT
30,629
Population
15,814
Households
1.9
Avg Household Size
34
Median Age
51%
College-Educated
97%
High-School Grad
7.7 sq mi
ZIP Area
3,978
Density / Sq Mi
$55,022
Median Household Income
$34,320
Median Earnings
$1,086
Median Rent
$393,400
Median Home Value
Market
Properties on Market for Mixed-use properties in Missoula
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The lower level has two egress windows and a separate exterior entrance.
Where is this mixed-use property located?
The property is located at 1526 South Missoula, MT.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Open main floor with a bathroom designed for accessible use; Basement includes two egress windows and separate exterior access with a stairwell; Approximately 9–10 parking spaces
