500 Higgins Ave, Missoula, MT 59802-4551
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
6 · Missoula, MTMissoula. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.