Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    122 Rodney St Helena, MT 59601-4225

    • Retail space
    • 1,440 SF
    • 0.14 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US52-0736998
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Rodney Street Laundry / (Bike/Boat/Book/etc) Store

    Property Details for 122 Rodney St

    Year built
    1910
    Construction
    WOOD
    Lot size
    0.14 lot acres
    Property size
    1,440 SF
    Property type
    Retail space
    APN
    05-1888-31-2-43-09-0000
    APU
    5188831243090000

    Description

    This exceptional investment opportunity presents a bustling laundromat in Helena, MT's vibrant up-and-coming area, conveniently located near downtown shopping. The 2,736 square foot building sits on a 0.14-acre lot and boasts one of the highest customer volumes in the region, ensuring consistent revenue. A significant advantage is the inclusion of a spacious three-bedroom, one-bathroom apartment in the basement. This offers versatile potential – generate additional rental income or utilize it as owner-occupied housing. The property's prime location and high-traffic nature contribute to its strong financial performance. This laundromat presents a unique chance for growth and improvement, with significant upside potential for a savvy investor. The business is currently thriving, offering immediate returns and long-term prospects. Detailed financial information, including estimated annual property data, is available upon request. This is an exceptional opportunity to acquire a well-established business with significant rental income potential in a desirable Helena location. Don't miss out on this rare chance to own a profitable and versatile property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Helena
    County
    Lewis And Clark
    State
    Montana
    Longitude
    -112.035
    Latitude
    46.5863
    CBSA code
    25740
    CBSA name
    HELENA, MT MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,027
    $0.00
    $0.00
    $293,000
    -
    $92,932
    $200,068
    $293,000

    Comparable in this City

    • Value Estimation by Request
      15,506 SF

      3095 Montana Ave

      RETAIL STORES (PERSONAL SERVICES) • 15,506 SF
      3095 Montana Ave, Helena, MT 59601-0552
      View Details
    • Value Estimation by Request
      50,240 SF

      15 Placer Ave

      RETAIL STORES (PERSONAL SERVICES) • 50,240 SF
      15 Placer Ave, Helena, MT 59601-5048
      View Details
    • Value Estimation by Request
      11,376 SF

      2035 Last Chance Gulch

      RETAIL STORES (PERSONAL SERVICES) • 11,376 SF
      2035 Last Chance Gulch, Helena, MT 59601-0744
      View Details
    • Value Estimation by Request
      560 SF

      126 Lyndale Ave

      RETAIL STORES (PERSONAL SERVICES) • 560 SF
      126 Lyndale Ave, Helena, MT 59601-2911
      View Details
    • Value Estimation by Request

      400 Euclid Ave

      Individual retail properties
      400 Euclid Ave, Helena, MT 59601
      View Details
    • Value Estimation by Request
      21,350 SF

      2414 Montana Ave

      RETAIL STORES (PERSONAL SERVICES) • 21,350 SF
      2414 Montana Ave, Helena, MT 59601-0875
      View Details

    Similar Nearby for Sale

    • $350,000

      Helena C-Store Truck Stop

      Established convenience store and truck stop business for sale.
      3122 E Us Highway 12, Helena, MT 59601
      View Details
    • $750,000
      3,230 SF

      Established Convenience Stores Business Opportunity

      Two established convenience stores with strong sales and loyal customer base.
      615 Helena Ave, Helena, MT 59601
      View Details
    • $295,000

      Established Printing and Shipping Business

      Profitable printing and shipping business opportunity in Helena, Montana.
      1827 11Th Ave, Helena, MT 59601
      View Details
    • $295,000

      Helena Business Opportunity

      Established Print & Ship Center
      1827 11Th Ave, Helena, MT 59601
      View Details
    • Contact for pricing
      50,146 SF

      Downtown Helena Office Building

      50,146 SF office building in downtown Helena, Montana.
      302 N Last Chance Gulch, Helena, MT 59601
      View Details
    • $1,099,000
      3 SF

      Turnkey Auto Shop Opportunity

      Established auto shop for sale with equipment and real estate.
      1100 Chestnut St, Helena, MT 59601
      View Details

    Similar Nearby for Lease

    • $4,600 /Mo
      1,814 SF

      Former Bank on Euclid Avenue

      Versatile commercial space with drive-in canopy in Helena, MT.
      1135 Euclid Ave, Helena, MT 59601
      View Details
    • $18 SF/Yr

      Historic Montana Club Retail/Office Space

      Iconic downtown building with retail/office space for lease.
      300 Fuller Ave, Helena, MT 59601
      View Details
    • $14 SF/Yr
      2,306 SF

      Retail Space in Helena, MT

      Commercial space suitable for retail, office, or mixed-use ventures.
      411 N Last Chance Gulch, Helena, MT 59601
      View Details
    • $3,200 /Mo
      3,180 SF

      Prime Commercial Space on Walking Mall

      Exceptional commercial space with high visibility and downtown access.
      2 N Last Chance Gulch, Helena, MT 59601
      View Details
    • $1,995 /Mo
      3,180 SF

      Downtown Helena Office or Retail

      Prime commercial space in Helena's vibrant walking mall.
      2 N Last Chance Gulch, Helena, MT 59601
      View Details
    • $1,400 /Mo
      34,500 SF

      Retail Space in Elk Plaza

      Retail space with great visibility and signage in Helena, MT.
      1426 Euclid Ave, Helena, MT 59601
      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.
    122 Rodney St
    Helena, MT 59601-4225
    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

    Google sign-in failed. Please try again or use another login method.