Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1518 Prospect Ave Helena, MT 59601-4546
    Back to Search
    Property profile & analytics

    1518 Prospect Ave Helena, MT 59601-4546

    View on Map
    • Retail space
    • 5,940 SF
    • 0.42 lot acres
    Off-Market
    Property ID
    US52-0916171
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Bella Peacock Vintage, Veranda, Gift & Antiqurie / Home Decor Store / (Bike/Boat/Book/etc) Store

    Property Details for 1518 Prospect Ave

    Year built
    1973
    Construction
    STEEL FRAME
    Lot size
    0.42 lot acres
    Property size
    5,940 SF
    Property type
    Retail space
    APN
    05-1888-29-3-25-10-0000
    APU
    5188829325100000

    Description

    This exceptional commercial property, located at 1518 Prospect Ave in Helena, Montana, offers 11,880 square feet of versatile space ideal for a variety of businesses. The building, constructed in 1973 and extensively renovated in 2020, boasts a Class B designation and features a two-story design with 12-foot ceilings. The layout includes 5,940 square feet on each floor, easily accessible via stairs or an elevator. The lower level offers convenient drive-in access. The property sits on a sizable 18,200 square-foot lot and includes a dedicated parking area with 12 spaces, one loading dock, and one dock-high door. The building is equipped with 3-phase power. Its B-2 General Commercial zoning allows for diverse uses, including executive, medical, and creative office spaces, as well as retail opportunities. The property enjoys a highly desirable location across from the new Benefis Specialty Care Center, and is surrounded by numerous amenities including Starbucks, Safeway, Ramada Hotel, and several banks and fast-food restaurants. Annual property taxes are $12,237, and insurance is $6,100 per year. The lease rate is $14.00 per square foot, plus NNNs. This is a single-tenant space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Helena
    County
    Lewis And Clark
    State
    Montana
    Longitude
    -112.014
    Latitude
    46.5914
    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
    $12,923
    $0.00
    $0.00
    $846,900
    -
    $318,846
    $528,054
    $846,900

    Comparable in this City

    • Value Estimation by Request
      160 SF

      2304 Colonial Dr

      RETAIL STORES (PERSONAL SERVICES) • 160 SF
      2304 Colonial Dr, Helena, MT 59601-4919
      View Details
    • Value Estimation by Request
      1,092 SF

      2125 Euclid Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,092 SF
      2125 Euclid Ave, Helena, MT 59601-1507
      View Details
    • Value Estimation by Request
      1,951 SF

      613 Last Chance Gulch

      RETAIL STORES (PERSONAL SERVICES) • 1,951 SF
      613 Last Chance Gulch, Helena, MT 59601-3469
      View Details
    • Value Estimation by Request
      1,518 SF

      225 Lyndale Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,518 SF
      225 Lyndale Ave, Helena, MT 59601-2914
      View Details
    • Value Estimation by Request
      10,500 SF

      5 Broadway Ave

      RETAIL STORES (PERSONAL SERVICES) • 10,500 SF
      5 Broadway Ave, Helena, MT 59601-9764
      View Details
    • Value Estimation by Request
      3,653 SF

      1800 Cedar St

      RETAIL STORES (PERSONAL SERVICES) • 3,653 SF
      1800 Cedar St, Helena, MT 59601-1110
      View Details

    Similar Nearby for Sale

    • $899,000
      8,874 SF

      Leased Retail Building on Montana

      Fully leased retail building with income and parking.
      1740 N Montana Ave, Helena, MT 59601
      View Details
    • $1,184,000
      30,618 SF

      Spacious Industrial Building in Helena

      30,600 SF industrial building for sale or lease.
      1200 Bozeman St, Helena, MT 59601
      View Details
    • $295,000

      Established Printing and Shipping Business

      Helena printing and shipping business for sale with diverse services.
      1827 11Th Ave, Helena, MT 59601
      View Details
    • $999,000

      Two-Story Flex Building For Sale

      Two-story, 14,338 SF flex building with recent significant improvements.
      1531 National Ave, Helena, MT 59601
      View Details
    • $650,000

      Established Convenience Store Business Opportunity

      Two established convenience stores for sale, business only.
      615 Helena Ave, Helena, MT 59601
      View Details
    • $725,000

      Queen City Exxon C-Store

      Prime c-store with high traffic and growth prospects.
      1721 Cedar St, Helena, MT 59601
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,000 SF

      Retail Space with Interstate Visibility

      Retail spaces available with high visibility and large trade area.
      2013 Cromwell Dixon Ln, Helena, MT 59601
      View Details
    • $10 SF/Yr
      12,526 SF

      Renovated Retail Space Available

      Sub-lease retail space with abundant parking and high traffic.
      3065-3075 N Montana Ave, Helena, MT 59601
      View Details
    • $10 SF/Yr

      Renovated Retail Space on Montana

      Renovated retail space with high traffic and strong co-tenancy.
      3073 North Montana Ave, Helena, MT 59601
      View Details
    • $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
    • $1,450 /Mo
      34,500 SF

      Retail Space on Euclid Avenue

      Retail space with high visibility and signage opportunities.
      1414 Euclid Ave, Helena, MT 59601
      View Details
    • Contact for pricing

      3101 N Montana Ave, Helena, MT 59601

      Retail space
      3101 N Montana 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.
    1518 Prospect Ave
    Helena, MT 59601-4546
    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
    1518 Prospect Ave, Helena, MT, 59601
    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!