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    2700 Paxson St Missoula, MT 59801
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    Property profile & analytics

    2700 Paxson St, Missoula, MT 59801

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    • Super regional malls
    • 14,780 SF
    • 1.35 lot acres
    For Lease
    $18 SF/Yr
    View Listing →
    Retail Space in Southgate Triangle For Lease
    $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
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    Property ID
    US52-0114384
    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

    • Big Dipper Ice Cream / Grocery & Convenience Store / Specialty Food Shop
    • Samar International Food Market / Grocery & Convenience Store / Food Market
    • Double K Ranch Deli / Restaurant
    • The Dram Shop Central / Bar & Pub
    • babyGap / Clothing & Fashion Store

    Property Details for 2700 Paxson St

    Year built
    1985
    Construction
    WOOD
    Lot size
    1.35 lot acres
    Zone code
    5
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    04-2200-32-1-12-28-0000
    APU
    4220032112280000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 27, 2018 — Southgate Mall Montana II LLC Southgate Mall Montana II LLC Quit Claim Deed · related —
    Apr 24, 2018 — Southgate Mall Montana LLC Southgate Mall Associates LLP Quit Claim Deed · related $57.4M · Southgate Mall Montana II LLC
    Jan 5, 2018 — Southgate Mall Associates LLP — Deed · related —
    Jan 15, 2016 — Southgate Mall Associates LLP — Deed Of Trust · related $45.3M · First Interstate Bk
    Jan 5, 2016 — Southgate Mall Associates LLP Southgate Mall Associates LLC Quit Claim Deed · related —
    Dec 1, 2014 — Southgate Mall Associates LLC Ocotillo Fiesta LLC Grant Deed · related —
    Sep 21, 2009 — Paxson Plaza LLC Val-u Inn Missoula LLC Quit Claim Deed · related —
    — — Southgate Mall Associates LLP — Loan Modification · related —

    Description

    This exceptional 14,486 square foot retail property, located at 2700 Paxson Street in Missoula, Montana, presents a unique investment opportunity. Built in 1985 and renovated in 2015, this single-story building sits on 1.35 acres of land and is zoned C1-4 (Neighborhood Commercial), allowing for a variety of retail uses. Currently, 3,687 square feet are available for lease. The property boasts ample on-site parking, a significant advantage in a high-traffic area. Its prime location within the Southgate Triangle in Midtown Missoula places it steps away from the Southgate Mall and AMC Dine-In Theater, ensuring high visibility and foot traffic. The property benefits from its proximity to established local businesses such as The Dram Shop, Big Dipper Ice Cream, and Double K Ranch Deli, creating a synergistic retail environment. The property's Missoula County APN is 04-2200-32-1-12-28-0000. This is an ideal location for a retailer seeking high visibility and convenient access for customers. The property's strategic location and ample space make it an attractive option for businesses looking to establish or expand their presence in the thriving Missoula market. The existing infrastructure and recent renovations minimize upfront capital expenditures, allowing for a quicker return on investment.

    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
    Missoula
    County
    Missoula
    State
    Montana
    Longitude
    -114.028
    Latitude
    46.8432
    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
    $45,334
    $0.00
    $0.00
    $2,859,870
    -
    $1,341,040
    $1,518,830
    $2,859,870

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      Retail Space in Southgate Triangle

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    Missoula, MT 59801
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    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.

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