Add Listing
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

    3240 Dredge Dr Helena, MT 59602-0548

    • Specialty properties
    • 27,090 SF
    • 2.22 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US52-0876366
    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

    • Intermountain / Crisis Center / Medical Clinic
    • Jessica Kappelman / Foster Care Service / Social Service Agency
    • Michaela Parker / Physician
    • Chelsie Warkentin / Foster Care Service / Social Service Agency
    • Jody Mack / Physician

    Property Details for 3240 Dredge Dr

    Year built
    2012
    Construction
    WOOD
    Lot size
    2.22 lot acres
    Property size
    27,090 SF
    Property type
    Specialty properties
    APN
    05-1888-18-4-03-30-0000
    APU
    5188818403300000

    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
    Helena
    County
    Lewis And Clark
    State
    Montana
    Longitude
    -112.023
    Latitude
    46.6196
    CBSA code
    25740
    CBSA name
    HELENA, MT MICROPOLITAN 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
    $0.00
    $0.00
    $0.00
    $3,597,218
    -
    $505,598
    $3,091,620
    $3,597,218

    Comparable in this City

    • Value Estimation by Request
      2,750 SF

      130 Norris Rd

      VETERINARY, ANIMAL HOSPITAL • 2,750 SF
      130 Norris Rd, Helena, MT 59602-8741
      View Details
    • Value Estimation by Request
      2,208 SF

      3135 Tyler Rd

      VETERINARY, ANIMAL HOSPITAL • 2,208 SF
      3135 Tyler Rd, Helena, MT 59602-9141
      View Details
    • Value Estimation by Request
      1,008 SF

      3100 Horseshoe Bnd Rd

      CHARITABLE ORGANIZATION • 1,008 SF
      3100 Horseshoe Bnd Rd, Helena, MT 59602-7750
      View Details
    • Value Estimation by Request
      4,060 SF

      6311 3rd Rd

      CHARITABLE ORGANIZATION • 4,060 SF
      6311 3rd Rd, Helena, MT 59602
      View Details
    • Value Estimation by Request
      5,062 SF

      4195 Montana Ave

      VETERINARY, ANIMAL HOSPITAL • 5,062 SF
      4195 Montana Ave, Helena, MT 59602-7549
      View Details
    • Value Estimation by Request
      4,872 SF

      117 Dunbar Ave

      VETERINARY, ANIMAL HOSPITAL • 4,872 SF
      117 Dunbar Ave, Helena, MT 59602
      View Details

    Similar Nearby for Sale

    • $150,000
      8.00 Acres

      Montana Commercial Land - 8 Acres

      8-acre commercial lot, Helena Valley. Year-round access.
      0 Nhn Peerless-Jennie Rd, Helena Valley Northeast, MT 59602
      View Details
    • $143,000
      0.63 Acres

      Helena Valley Dream Lot

      Build Your Dream Home Today!
      3750 Beargrass Ct, Helena Valley Northeast, MT 59602
      View Details
    • $155,100
      0.73 Acres

      Helena Valley Dream Lot

      Build Your Dream Home, 0.73 Acres
      3755 Beargrass Ct, Helena Valley Northeast, MT 59602
      View Details
    • $188,900
      1.36 Acres

      Helena Valley Dream Lot

      1.36 Acres, Build Your Dream Home
      3773 Wolfwillow Ct, Helena Valley Northeast, MT 59602
      View Details
    • $250,000

      Helena Golf Course Lot

      Half-acre homesite, stunning views
      4279 Country View Dr, Helena, MT 59602
      View Details
    • $135,200
      0.81 Acres

      Helena Land: Build Your Dream Home

      0.81-acre lot, prime Helena location.
      5533 Fireweed Loop, Helena, MT 59602
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      675 SF

      Helena Warehouse Space for Lease

      Industrial storage, 675 sq ft, Montana.
      2961 Canyon Ferry Rd, Helena, MT 59602
      View Details
    • $13 SF/Yr
      12,000 SF

      Prime Retail Space on Montana

      12,000 SF retail space in Northside Shopping Center.
      3131 N Montana Ave, Helena, MT 59602
      View Details
    • Contact for pricing
      50,580 SF

      Skyway Regional Center: Helena, MT

      Prime Helena Retail Space - 50,580 SF Available
      0 Custer Ave & Washington St, Helena, MT 59602
      View Details
    • $38 SF/Yr
      5,000 SF

      2024 Cromwell Dixon Ln

      Retail properties & Spaces • 5,000 SF
      2024 Cromwell Dixon Ln, Helena, MT 59602
      View Details
    • $144 SF/Yr
      3,237 SF

      Helena Office Space - River Rock Drive

      Prime Helena office, 3,237 sq ft, ample parking.
      754 River Rock Dr 102, Helena, MT 59602
      View Details
    • $400 /Mo
      2,400 SF

      East Valley Private Office Space

      Comfortable office space in a growing east valley location.
      3156 Tancy Dr, Helena, MT 59602
      View Details

    Property Visit Statistics

    • Visits by month
      15.8k
    • Visitors by month
      10.2k
    • Avg Time on site
      18 min
    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.
    3240 Dredge Dr
    Helena, MT 59602-0548
    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.
    Sign Up Successful!
    You now have access to more from Realmo!