Property profile

2000 Clark St Miles City, MT 59301

OFF-MARKET
Office buildings
Property ID
US52-0890554
6,695 SF 0.28 ac lot Built 1959
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional commercial investment opportunity presents a 6,695 square foot medical office building situated on a 0.28-acre lot at 2000 Clark St, Miles City, Montana 59301. Constructed in 1959, the property boasts 11 individual office spaces, currently occupied by a mix of tenants. Four long-term leases are in place, providing immediate and stable income, with four additional established tenants expressing a desire to remain. The building features two suites, each with five offices, and one large open office space complete with a kitchen and a private office. Four half-bathrooms conveniently serve the entire building. A spacious common reception area welcomes visitors at the main entrance. Ample off-street parking is available in the rear, accommodating approximately 12 vehicles and equipped with lighting for enhanced safety. Recent improvements include the addition of diagonal parking on the east side of the building, with further diagonal parking currently under construction along Clark Street. This property offers a strong return on investment with established tenants and potential for future growth. The asking price is $299,000, translating to $44.66 per square foot. This is a turnkey opportunity for an investor seeking a stable and profitable medical office portfolio addition.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1959
Construction WOOD
Total area 6,695 SF
Lot 0.28 ac (12,284 SF)
Zoning code 6
APN 14-1740-34-2-49-08-0000
UPID US52-0890554

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Medical Clinic
  • Family Counselor
  • Medical Clinic
  • Counselor

Location

2000 Clark St Miles City, MT 59301-2726
Miles City metro Census 961600
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$560k

Owner & transaction history

Zoning & alternative use

6 · Miles City, MT

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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