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    3323 Dredge Dr Helena, MT 59602
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    3323 Dredge Dr Helena, MT 59602

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    • Outlet malls
    • 27,090 SF
    • 1.58 lot acres
    For Sale
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    Helena Retail Box - For Sale For Sale
    Contact for pricing
    23,583 SF

    Helena Retail Box - For Sale

    23,583 SF Vacant Retail Space, Montana Ave

    3323 Dredge Dr, Helena, MT 59602
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    Property ID
    US52-0766279
    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

    • Bob Ward's Sports & Outdoors / (Bike/Boat/Book/etc) Store

    Property Details for 3323 Dredge Dr

    Year built
    1998
    Construction
    WOOD
    Lot size
    1.58 lot acres
    Property size
    27,090 SF
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    05-1888-18-4-02-40-0000
    APU
    5188818402400000

    Description

    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.

    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
    Helena
    County
    Lewis And Clark
    State
    Montana
    Longitude
    -112.022
    Latitude
    46.6208
    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
    $42,949
    $0.00
    $0.00
    $2,794,100
    -
    $993,971
    $1,800,129
    $2,794,100

    Comparable in this City

    • Value Estimation by Request
      101,836 SF

      1801 Custer Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 101,836 SF
      1801 Custer Ave, Helena, MT 59602-1206
      View Details
    • Value Estimation by Request
      54,068 SF

      3205 Montana Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 54,068 SF
      3205 Montana Ave, Helena, MT 59602-7803
      View Details
    • Value Estimation by Request
      54,256 SF

      2017 Cromwell Dixon Ln

      WHOLESALE OUTLET, DISCOUNT STORE • 54,256 SF
      2017 Cromwell Dixon Ln, Helena, MT 59602
      View Details
    • Value Estimation by Request
      89,134 SF

      3303 Montana Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 89,134 SF
      3303 Montana Ave, Helena, MT 59602-7817
      View Details
    • Value Estimation by Request
      132,671 SF

      3291 Sanders St

      WHOLESALE OUTLET, DISCOUNT STORE • 132,671 SF
      3291 Sanders St, Helena, MT 59602-0225
      View Details
    • Value Estimation by Request
      149,576 SF

      2195 Custer Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 149,576 SF
      2195 Custer Ave, Helena, MT 59602-1217
      View Details

    Similar Nearby for Sale

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      Helena Home with Heated Shop

      One-level home with shop near Helena city limits.
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    • Contact for pricing
      23,583 SF

      Helena Retail Box - For Sale

      23,583 SF Vacant Retail Space, Montana Ave
      3323 Dredge Dr, Helena, MT 59602
      View Details
    • $1,049,000
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      Retail Building on Corner Lot

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    Similar Nearby for Lease

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      5,000 SF

      Retail Space in Target Anchored Center

      Retail space available in high-traffic Helena shopping center.
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      View Details
    • $13 SF/Yr
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      Prime Retail Space on Montana

      12,000 SF retail space in Northside Shopping Center.
      3131 N Montana Ave, Helena, MT 59602
      View Details
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      Retail Space in Northside Center

      Former Joann location in Helena's Northside Shopping Center.
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    • $18 SF/Yr
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      Class A Office Space

      5,880 SF Class A office space for lease.
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    • New
      $900 /Mo
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      Shared Commercial Space on Montana

      Well-located shared commercial space with professional setting and amenities.
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    • $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
    View Listing
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    Helena, MT 59602
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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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