Property profile

500 Higgins Ave Missoula, MT 59802

OFF-MARKET
Office buildings
Property ID
US52-0083068
17,010 SF 0.44 ac lot Built 1934
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
Saved · see the list in your Dashboard

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

Current use

Occupant on record · Public records
  • Marketing & Advertising (Bike/Boat/Book/etc) Store
  • Social Service Agency Crisis Center
  • Vocational School Training Center
  • Counselor
  • Law Firm

Location

500 Higgins Ave Missoula, MT 59802-4551
Missoula metro Census 300 MISSOULA, MT METROPOLITAN STATISTICAL AREA
Google Maps

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

since 2020
6 recorded transactions
2020
Price N/A
2016
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

6 · Missoula, MT

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 500 Higgins Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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