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

    234 Pne St Missoula, MT 59802-4513

    • Office buildings
    • 7,563 SF
    • 0.27 lot acres
    OFF-MARKET
    Last Sale
    Feb 07, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US52-0020526
    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

    • Johnson, Sally J / Lawyer
    • Hammond Law PLLC / Insurance Attorney / Attorney
    • Western Justice Associates, PLLC / Attorney / Law Firm
    • Thompson & Steigerwalt, PLLC / Law Firm / Attorney
    • Ryan Law Offices / Lawyer

    Property Details for 234 Pne St

    Year built
    1915
    Construction
    WOOD
    Lot size
    0.27 lot acres
    Property size
    7,563 SF
    Zone code
    1
    Property type
    Office buildings
    APN
    04-2200-22-2-40-04-0000
    APU
    4220022240040000

    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
    -113.991
    Latitude
    46.8726
    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
    $24,907
    $0.00
    $0.00
    $1,449,100
    -
    $564,525
    $884,575
    $1,449,100

    Comparable in this City

    • Value Estimation by Request
      10,557 SF

      308 Pne St

      OFFICE BUILDING • 10,557 SF
      308 Pne St, Missoula, MT 59802-1017
      View Details
    • Value Estimation by Request
      7,800 SF

      430 Ryman St

      OFFICE BUILDING • 7,800 SF
      430 Ryman St, Missoula, MT 59802-4249
      View Details
    • Value Estimation by Request
      9,189 SF

      1111 Broadway St

      OFFICE BUILDING • 9,189 SF
      1111 Broadway St, Missoula, MT 59802-4909
      View Details
    • Value Estimation by Request
      31,200 SF

      211 Higgins Ave

      OFFICE BUILDING • 31,200 SF
      211 Higgins Ave, Missoula, MT 59802-4454
      View Details
    • Value Estimation by Request
      36,170 SF

      201 Broadway St

      OFFICE BUILDING • 36,170 SF
      201 Broadway St, Missoula, MT 59802-4506
      View Details
    • Value Estimation by Request
      484 SF

      912 Broadway St

      OFFICE BUILDING • 484 SF
      912 Broadway St, Missoula, MT 59802-4915
      View Details

    Similar Nearby for Sale

    • $2,750,000
      9,966 SF

      Downtown Missoula Office Building

      Office building in downtown Missoula with parking and courtyard.
      150 E Pine St, Missoula, MT 59802
      View Details
    • $5,999,999
      15 SF

      Iconic Downtown Missoula Restaurant/Office Building

      Rare opportunity: 15,900 SF building with 40-space parking in downtown.
      201 W Railroad St, Missoula, MT 59802
      View Details
    • $2,500,000
      7,116 SF

      Riverfront Office Building For Sale

      Stunning office property with river views and parking.
      815 E Front St, Missoula, MT 59802
      View Details
    • $2,240,000
      6 SF

      Downtown Missoula Office Building

      Prime commercial office building in downtown Missoula with scenic views.
      269 W Front St, Missoula, MT 59802
      View Details
    • $595,000
      3 SF

      Broadway Mixed-Use Commercial Building

      Mixed-use building with office space and upstairs rental unit.
      414 W Broadway St, Missoula, MT 59802
      View Details
    • $1,895,000
      0.05 Acres

      Downtown Missoula Mixed-Use Building

      Prime Missoula location, 3,600 sq ft office space.
      125-1/2 Main St, Missoula, MT 59802
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      3,624 SF

      Downtown Missoula Office Space

      Iconic building, riverfront location, 3624 sq ft.
      501 California St, Missoula, MT 59802
      View Details
    • $20 SF/Yr

      Premier Class A Office Space

      Class A office space in downtown Missoula with unmatched amenities.
      101 E Front St, Missoula, MT 59802
      View Details
    • $20 SF/Yr
      1,088 SF

      Downtown Missoula Office Space Available

      Office spaces for rent in historic Headquarters Building, Missoula.
      111-115 W Front St, Missoula, MT 59802
      View Details
    • $25 SF/Yr

      Class A Office Space

      Prestigious office space in downtown Missoula with river views.
      101 E Front St, Missoula, MT 59802
      View Details
    • $15 SF/Yr
      1,000 SF

      500 N Higgins Avenue 204

      Office Properties & Spaces
      500 Higgins Ave, Missoula, MT 59802
      View Details
    • $72,000
      2,100 SF

      Downtown Missoula Office Space

      Prime 2,100 sq ft Office, 5-Year Lease
      201 Railroad St, Missoula, MT 59802
      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.
    234 Pne St
    Missoula, MT 59802-4513
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.