Property profile

252 Mill Rd Helena, MT 59602

OFF-MARKET
Retail properties & Spaces
5,400 SF 3.98 ac lot Built 1975
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Property summary

AI-generated overview

This 3.98-acre property, formerly Valley Farms, presents a unique value-add opportunity in Helena, Montana. The site includes six buildings totaling 5,400 square feet of building space and 23,760 square feet of greenhouse space, situated on a large lot with room for expansion. Currently, three buildings are leased, generating a net operating income (NOI) of $10,000 annually, which covers annual property taxes. The property features 35 parking spaces and two gas pumps. Recent renovations include brand new greenhouse roofs installed in 2024. The property is zoned under Special Zoning District #51 and offers a single tenancy with a lease expiring January 31, 2026 (1.2 years remaining). The asking price is $599,000, representing a compelling investment for an owner-user seeking to establish a new business or revitalize an existing one. The property's location between Green Meadow and North Montana Avenue provides convenient access to Helena's amenities. The existing infrastructure provides a solid foundation for a new venture. This is a fee simple ownership with no ground lease. Built between 1975 and 2015, the property includes one-story buildings. The property's occupancy rate is currently 33%. Two wells are also located on the property. The APN is 0000025110.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1975
Total area 5,400 SF
Lot 3.98 ac (173,369 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

252 Mill Rd Helena, MT 59602
Helena metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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