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Property profile & analytics
FOR SALE
Retail space
312 Central Ave W, Great Falls, MT 59404
Individually Owned
7-yr Hold
Absentee Owner
Property ID
US52-0131930
For Sale
1 / 36
$250,000
312 Central Ave W, Great Falls, MT 59404
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Property summary
AI-generated overview
This exceptional mixed-use building at 312 Central Avenue West in Great Falls, Montana, presents a compelling investment opportunity. Built in 1949, this property boasts a 0.14-acre lot and is offered at $279,900. Previously home to Alias Smith & Jones Pawn Shop for many years, the building features large display windows that flood the space with natural light, ideal for showcasing merchandise or services. Convenient on-site parking ensures easy access. Inside, you'll find ample storage space, perfect for inventory or equipment. Upstairs, additional storage, an office, and a restroom provide functional workspace. The building's location on a busy street guarantees high visibility and significant foot traffic. This property offers a unique blend of space, functionality, and prime location, making it an attractive prospect for a variety of businesses. A full marketing package is available. The property is zoned for mixed-use purposes.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1949
Construction
WOOD
Total area
2,640 SF
Lot
0.14 ac (6,229 SF)
APN
02-3015-11-2-35-13-0000
UPID
US52-0131930
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Alias Smith & Jones Pawn, Inc. Discount Store (Bike/Boat/Book/etc) Store
-
HGH Therapy Premier Solutions Clinic Medical Clinic
-
Wrangler Gallery Art Gallery
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Stephen J Alley · 7 yrs held
Stephen J Alley
since 2018
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Great Falls submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Great Falls submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$3,313
Tax year 2023
Assessed value
$236,800
Assessed 2023
Previous assessed
$236,800
+0.0% YoY
Effective rate
1.40%
On assessed value
Land market value
$98,750
Improvement market value
$138,050
Total market value
$236,800
Applied tax rate
98.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1949
Construction
WOOD
Heating
YES
Stories
2
Total area
2,640 SF
Lot
0.14 ac (6,229 SF)
APN
02-3015-11-2-35-13-0000
UPID
US52-0131930
Jurisdiction
CASCADE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1949
Construction
WOOD
Heating
YES
Stories
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
Stephen J Alley
Individual
Mailing address
700 1ST AVE S, GREAT FALLS, MT 59401-3702
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2018
—
Stephen J Alley
—
Deed
related
$71,078 · Opportunity Bk/mt
Nov 13, 2017
—
Stephen J Alley
—
Deed
related
$43,500 · Opportunity Bk/mt
Aug 28, 2017
—
Stephen J Alley
—
Trust Deed
related
$30,615 · Opportunity Bk/mt
—
—
Jack L Macek
—
Loan Modification
related
$100,000 · First Interstate Bk
—
—
Stephen J Alley
—
Deed Of Trust
related
$33,398 · Mountain West Bank NA
—
—
Macek,jack L & Gail D
—
Deed Of Trust
related
$50,000 · Mountain West Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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