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

    1600 Stephens Ave Missoula, MT 59801-5623

    • Automotive properties
    • 14,276 SF
    • 2.25 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US52-0065296
    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

    • Holding Co / Holding Company

    Property Details for 1600 Stephens Ave

    Year built
    1964
    Construction
    WOOD
    Lot size
    2.25 lot acres
    Property size
    14,276 SF
    Zone code
    6
    Property type
    Automotive properties
    APN
    04-2200-28-3-45-01-0000
    APU
    4220028345010000

    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
    Missoula
    County
    Missoula
    State
    Montana
    Longitude
    -114.012
    Latitude
    46.8556
    CBSA code
    33540
    CBSA name
    MISSOULA, MT METROPOLITAN 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
    $30,785
    $0.00
    $0.00
    $1,839,278
    -
    $1,056,248
    $783,030
    $1,839,278

    Comparable in this City

    • Value Estimation by Request
      25,501 SF

      3514 Reserve St

      VEHICLE SALES, RENTALS • 25,501 SF
      3514 Reserve St, Missoula, MT 59801
      View Details
    • Value Estimation by Request
      18,014 SF

      2715 Brks St

      VEHICLE SALES, RENTALS • 18,014 SF
      2715 Brks St, Missoula, MT 59801-7866
      View Details
    • Value Estimation by Request
      9,945 SF

      2900 Reserve St

      VEHICLE SALES, RENTALS • 9,945 SF
      2900 Reserve St, Missoula, MT 59801-7646
      View Details
    • Value Estimation by Request
      3,000 SF

      3010 Reserve St

      VEHICLE SALES, RENTALS • 3,000 SF
      3010 Reserve St, Missoula, MT 59801-7644
      View Details
    • Value Estimation by Request
      6,024 SF

      321 Russell St

      AUTO REPAIR, GARAGE • 6,024 SF
      321 Russell St, Missoula, MT 59801-1621
      View Details
    • Value Estimation by Request
      1,372 SF

      3004 Brks St

      AUTO REPAIR, GARAGE • 1,372 SF
      3004 Brks St, Missoula, MT 59801-8360
      View Details

    Similar Nearby for Sale

    • $1,850,000

      Prime Lot on North Russell

      Versatile 1.23-acre lot with high visibility and accessibility.
      100 S Russell St, Missoula, MT 59801
      View Details
    • $4,940,000
      19,008 SF

      Midtown Missoula Office Building

      ±19,008 SF Office/Retail, Drive-Thru Bays
      2601 Garfield St, Missoula, MT 59801
      View Details
    • $1,100,000
      0.34 Acres

      Downtown Missoula Mixed-Use Property

      Prime Missoula location, 5,974 SF, $1.1M
      W 1801&1805 Ave, Missoula, MT 59801
      View Details
    • $3,199,000
      14,701 SF

      Missoula Retail Investment Opportunity

      High-NOI Retail Building in Missoula, MT
      3819 Stephens Ave, Missoula, MT 59801
      View Details
    • $725,000

      Prime Commercial Lot on Russell

      High-traffic commercial lot near Good Food Store and Corso Apartments.
      145 Russell St, Missoula, MT 59801
      View Details
    • $699,000
      2,164 SF

      Retail Space on South Avenue

      High-visibility retail space with versatile zoning and seller financing.
      1518 South Ave W, Missoula, MT 59801
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      12,851 SF

      Russell Square Retail Center

      High-traffic retail space available.
      3800 Russell St, Missoula, MT 59801
      View Details
    • $18 SF/Yr
      1,859 SF

      Retail Space in Southgate Triangle

      Retail space centrally located in the Southgate Triangle area.
      2700 Paxson St, Missoula, MT 59801
      View Details
    • $3,200 /Mo
      4,008 SF

      Versatile Commercial Space in Midtown

      3,840 sq ft commercial space in central Midtown Missoula.
      1914 North Ave W, Missoula, MT 59801
      View Details
    • $15 SF/Yr
      4,200 SF

      Downtown Missoula Commercial Gem

      4,200 sq ft, Single Tenant, HipStrip Location
      817 Higgins Ave, Missoula, MT 59801
      View Details
    • $0.01 SF/Yr
      15,954 SF

      Midtown Missoula Retail Space

      Prime Retail Location, 15,954 sq ft
      3033 Paxson St, Missoula, MT 59801
      View Details
    • $14 SF/Yr
      3,800 SF

      Retail Space in High-Traffic Area

      Retail space available in established commercial hub with parking.
      2621 Brooks St, Missoula, MT 59801
      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.
    1600 Stephens Ave
    Missoula, MT 59801-5623
    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.