Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    108 Lewis St Livingston, MT 59047

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    108 Lewis St Livingston, MT 59047

    View on Map
    • Retail properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 108 Lewis St

    Property type
    Retail properties & Spaces
    Property subtype
    Office properties & Spaces

    Description

    This exceptional 1,675 square foot retail space is situated in the historic Montana Block building at 108 E Lewis St, Livingston, MT 59047. Located less than a block from Main Street, this property boasts a highly desirable downtown location with significant foot traffic. The space is the largest retail unit within the building, offering flexibility for a variety of retail uses. Its layout is adaptable, accommodating either a retail storefront with a separate back office/storage area or a single large retail space. The property's current condition reflects its previous long-term tenant (20+ years), presenting an opportunity for tenant improvements. A tenant improvement allowance is negotiable, contingent upon lease terms. This unique opportunity is part of a vibrant mixed-use building, sharing space with established businesses including a hair salon, antique store, custom hat and western wear store, and an art gallery. The property's address is 108 E Lewis St, Livingston, Montana, and is easily accessible. This is a rare chance to establish a presence in a thriving downtown Livingston commercial district. The property type is listed as Office and Retail, with a Traditional Office subtype and multiple tenancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Livingston
    County
    Park
    State
    Montana
    Longitude
    -110.559
    Latitude
    45.6604

    Comparable in this City

    • Value Estimation by Request
      20,000 SF

      102B Rogers Ln

      Lifestyle centers • 20,000 SF
      102B Rogers Ln, Livingston, MT 59047
      View Details
    • Value Estimation by Request
      375 SF

      202 Callender St

      CONDOMINIUM OFFICES • 375 SF
      202 Callender St, Livingston, MT 59047-2706
      View Details
    • Value Estimation by Request
      2,204 SF

      206 Callender St

      CONDOMINIUM OFFICES • 2,204 SF
      206 Callender St, Livingston, MT 59047-2706
      View Details
    • Value Estimation by Request
      2,754 SF

      217 Park St, Unit D

      CONDOMINIUM OFFICES • 2,754 SF
      217 Park St, Livingston, MT 59047-2688
      View Details
    • Value Estimation by Request
      40,836 SF

      2420 Park S St

      DEPARTMENT STORE • 40,836 SF
      2420 Park S St, Livingston, MT 59047-4141
      View Details
    • Value Estimation by Request
      811 SF

      105 Park St

      CONDOMINIUM OFFICES • 811 SF
      105 Park St, Livingston, MT 59047-2671
      View Details

    Similar Nearby for Sale

    • $895,000
      8,151 SF

      Mixed-Use Building in Historic District

      Downtown Livingston mixed-use property with income and flexibility.
      124/126 S 2Nd St, Livingston, MT 59047
      View Details
    • Contact for pricing
      10,375 SF

      Versatile Livingston Building with Warehouse

      Office and warehouse space with expansion potential in Livingston.
      401 S Main St, Livingston, MT 59047
      View Details
    • Contact for pricing
      2,848 SF

      Updated Victorian Office Building

      Classic updated Victorian office building with detached office and parking.
      101 N E St, Livingston, MT 59047
      View Details
    • $135,000

      Livingston Beer and Wine License

      Permits on-site beer & wine sales in Livingston, Montana.
      Livingston Beer & Wine License, Livingston, MT 59047
      View Details
    • $4,000,000

      Livingston Commercial Parcel I-90 Visibility

      12.279 acre commercial parcel with I-90 visibility.
      21 Rogers Ln, Livingston, MT 59047
      View Details
    • Contact for pricing
      10,160 SF

      Highway 10 Frontage Land

      1.74 acres with 9,900 SF warehouse/shop on Highway 10.
      1296 Us Hwy 10 Hwy W, Livingston, MT 59047
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    108 Lewis St
    Livingston, MT 59047
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    108 Lewis St, Livingston, MT, 59047
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!