600 Fee St Helena, MT 59601-3148
Property profile & analytics
600 Fee St Helena, MT 59601-3148
- Grocery and convenience stores
- 30,139 SF
- 2.39 lot acres
Property ID
US52-0642102
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.
Location Intelligence
Current Use by Public Records
- Albertsons Bakery / Bakery / Specialty Food Shop
- Redbox / Cinema / (Bike/Boat/Book/etc) Store
- Primo Water Refill / Big Box & Wholesale Store
- Albertsons / Grocery & Convenience Store / Food Market
- Western Union / Bank / Credit Union
Property Details for 600 Fee St
- Year built
- 1978
- Lot size
- 2.39 lot acres
- Property size
- 30,139 SF
- Property type
- Grocery and convenience stores
- APN
- 05-1888-29-4-21-05-0000
- APU
- 5188829421050000
Description
This fee-simple, 28,300 square foot Albertsons grocery store in Helena, Montana presents a rare value-add investment opportunity. Located on a 2.39-acre lot at 600 N Fee St, this single-tenant property boasts a strong corporate guarantee and an absolute NNN lease with significant below-market rent ($1.96/SF NNN, compared to market rates of $17-$20/SF NNN). The current lease, expiring December 2033, offers substantial upside potential upon renewal. The property enjoys excellent visibility on Hwy 12 and 11th Ave (combined 29,000+ vehicles per day) and proximity to I-15 (24,800+ VPD), placing it within a thriving retail corridor alongside national brands like Walmart, Starbucks, and McDonald's. An adjacent 20,000 square foot pad site offers further development potential. The area demonstrates robust population growth (nearly 17% since 2011 within a 5-mile radius, projected 4.7% increase in the next 5 years) and high average household incomes (nearly $86,000). The property's 100% occupancy and $55,560 NOI further solidify its investment appeal. Built in 1978, this asset offers a compelling combination of current income and future development possibilities. Asking price is $2,995,000 ($105.83/SF).
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Helena
- County
- Lewis And Clark
- State
- Montana
- Longitude
- -112.006
- Latitude
- 46.5905
- 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
$49,931
$0.00
$0.00
$3,272,200
-
$766,294
$2,505,906
$3,272,200
