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    OFF-MARKET
    Office buildings

    500 Higgins Ave, Missoula, MT 59802-4551

    17,010 SF 0.44 ac lot Built 1934
    Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US52-0083068
    Property summary
    AI-generated overview

    This exceptional 1,200 square foot office suite is ideally situated on the second floor of 500 N Higgins Avenue, in the vibrant heart of downtown Missoula, Montana. Boasting a prime location at the intersection of Higgins and Spruce Avenues, this space offers unparalleled visibility and accessibility. Enjoy easy access from I-90 via Orange Street or Van Buren Street exits, placing your business within walking distance of numerous downtown businesses and restaurants. The building benefits from a high-traffic location, surrounded by well-established neighboring businesses, ensuring a stable and thriving environment. The suite itself features a spacious open workspace perfect for multiple workstations, complemented by three to four private offices and a convenient break room. Recently remodeled in 2024, the common hallways and bathrooms in this wing of the building are beautifully updated. The entire building is ADA compliant and includes an elevator for easy access. Parking is readily available, with a nearby lot offering leased parking and free short-term customer parking accessible from the alley. The lease structure prefers a 3-5 year term, with a monthly rent of $1,650 subject to a 4% annual increase. All utilities (gas, electric, water, sewer, garbage, and CAM) are included in the rent. Lessees are responsible for phone, internet, internal suite janitorial services, and other personal utilities. The property sits on a 0.44-acre lot and is zoned Commercial (CBD-4). The 2023 Montana Department of Transportation traffic count registered an average daily traffic of 4,528 vehicles, highlighting the significant foot and vehicle traffic in the area. The property is available immediately.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1934
    Total area 17,010 SF
    Lot 0.44 ac (19,384 SF)
    Zoning code 6
    APN 04-2200-22-2-47-01-0000
    UPID US52-0083068
    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
    • First Call - Digital Agency Marketing & Advertising (Bike/Boat/Book/etc) Store
    • Crime Victims Advocate Program Social Service Agency Crisis Center
    • Missoula Scuba & Snorkel Vocational School Training Center
    • Mica Wolcott Counselor
    • Pronto Process Services LLC Law Firm
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Lmg Crg Investments LLC · 6 yrs held
    Lmg Crg Investments LLC
    since 2020
    6 recorded transactions
    2020
    2016
    1969
    1969
    1969
    1969
    Zoning & alternative use
    6 · Missoula, MT
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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