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Property profile & analytics
OFF-MARKET
Outlet malls
3323 Dredge Dr, Helena, MT 59602-0520
Individually Owned
~
Est. High Equity
Property ID
US52-0766279
Property summary
AI-generated overview
This exceptional freestanding retail property, located at 3323 Dredge Drive in Helena, Montana, offers 23,583 square feet of versatile space. Situated on a prominent retail corridor with excellent visibility, this single-tenant building enjoys a high-traffic location. The property's address is 3323 Dredge Drive, Helena, MT 59602, within Lewis and Clark County (APN: 05-1888-18-4-02-40). The current tenant is relocating to a larger facility, presenting a unique opportunity for a new business to establish itself in a thriving area. The property benefits from significant daily traffic counts, with Montana Avenue boasting 18,921 average daily traffic (ADT) and Custer Avenue registering 11,727 ADT. This prime location ensures high visibility and accessibility for customers. The building's size and location make it ideal for a variety of retail uses. Serious inquiries are encouraged. Please note: Do not disturb the current tenant.
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1998
Construction
WOOD
Total area
27,090 SF
Lot
1.58 ac (68,738 SF)
APN
05-1888-18-4-02-40-0000
UPID
US52-0766279
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
-
Bob Ward's Sports & Outdoors (Bike/Boat/Book/etc) Store
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
Northwest District Of Westleyan Chu
Northwest District Of Westleyan Chu
since 2026
2 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 Helena submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Helena 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)
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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
$42,949
Tax year 2023
Assessed value
$2,794,100
Assessed 2023
Previous assessed
$2,296,200
+21.7% YoY
Effective rate
1.54%
On assessed value
Land market value
$993,971
Improvement market value
$1,800,129
Total market value
$2,794,100
Applied tax rate
48,703.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1998
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Stories
2
Total area
27,090 SF
Lot
1.58 ac (68,738 SF)
APN
05-1888-18-4-02-40-0000
UPID
US52-0766279
Jurisdiction
LEWIS AND CLARK
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
1998
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Lot
1.58 ac
Current owner
From public records · entity-resolved
Northwest District Of Westleyan Chu
Individual
Mailing address
1075 N MAIN ST STE #120, LOGAN, UT 84341-3106
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 2, 2026
—
Northwest District Of Westleyan Chu
Bw Helena LLC
Special Warranty Deed
$3,000,000 · Wesleyan Investment Foundation INC
Oct 3, 2022
—
Bw Helena LLC
Bob Ward & Sons INC
Special Warranty Deed
$6,500,000 · Chad Ward
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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