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    335 Higgins Ave Missoula, MT 59803

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    335 Higgins Ave Missoula, MT 59803

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    • Office properties & Spaces

    Property Details for 335 Higgins Ave

    Property type
    Office properties & Spaces

    Description

    This stunning, newly renovated 2,500 square foot Class A office building at 335 SW Higgins Avenue in Missoula, Montana, presents a unique investment opportunity. Located in a high-traffic area, this single-tenant property boasts a sophisticated design by NC Design Studio, seamlessly blending contemporary aesthetics with functional elegance. The building's sleek glass and steel facade is visually striking, while the interior offers high ceilings, abundant natural light, and state-of-the-art amenities. The space is ideal for upscale offices, a restaurant, or an exclusive storefront. A city-approved permit for a commercial pizza kitchen adds significant potential. The property features ample parking and a sizable covered patio, enhancing its appeal and functionality. Zoned commercial (APN: 04220033419010000), this Missoula property offers a rare combination of style, functionality, and prime location in the 59803 zip code. Its modern design and convenient amenities make it an exceptional choice for discerning businesses seeking a prestigious address in a thriving Montana market. The single-tenant occupancy simplifies management, while the versatile space caters to a variety of commercial uses. This is a truly exceptional opportunity to acquire a high-quality commercial property in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Missoula
    County
    Missoula
    State
    Montana
    Longitude
    -114.002
    Latitude
    46.8394

    Comparable in this City

    • Value Estimation by Request
      1,081 SF

      619 Higgins Ave, Unit 77

      CONDOMINIUM OFFICES • 1,081 SF
      619 Higgins Ave, Missoula, MT 59803-1467
      View Details
    • Value Estimation by Request
      2,736 SF

      237 Higgins Ave Ste C

      CONDOMINIUM OFFICES • 2,736 SF
      237 Higgins Ave Ste C, Missoula, MT 59803-1485
      View Details
    • Value Estimation by Request
      2,228 SF

      619 Higgins Ave, Unit 63

      CONDOMINIUM OFFICES • 2,228 SF
      619 Higgins Ave, Missoula, MT 59803-1467
      View Details
    • Value Estimation by Request
      320 SF

      237 Higgins Ave

      CONDOMINIUM OFFICES • 320 SF
      237 Higgins Ave, Missoula, MT 59803-1485
      View Details
    • Value Estimation by Request
      96 SF

      133 Higgins Ave, Unit 3-1

      CONDOMINIUM OFFICES • 96 SF
      133 Higgins Ave, Missoula, MT 59803
      View Details
    • Value Estimation by Request
      1,600 SF

      255 Higgins Ave

      OFFICE BUILDING • 1,600 SF
      255 Higgins Ave, Missoula, MT 59803-1403
      View Details

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    Missoula, MT 59803
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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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    335 Higgins Ave, Missoula, MT, 59803

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