Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    722 6th NW St Great Falls, MT 59404-2444

    • Retail space
    • 6,138 SF
    • 0.73 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US52-0051765
    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.

    Current Use by Public Records

    • Fortune Casino / Casino

    Property Details for 722 6th NW St

    Year built
    1961
    Construction
    WOOD
    Lot size
    0.73 lot acres
    Property size
    6,138 SF
    Property type
    Retail space
    APN
    02-3015-02-3-10-02-0000
    APU
    2301502310020000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Great Falls
    County
    Cascade
    State
    Montana
    Longitude
    -111.324
    Latitude
    47.5155
    CBSA code
    24500
    CBSA name
    GREAT FALLS, MT METROPOLITAN 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
    $8,979
    $0.00
    $0.00
    $625,400
    -
    $106,375
    $519,025
    $625,400

    Comparable in this City

    • Value Estimation by Request
      42,456 SF

      215 Nwnw Byp

      RETAIL STORES (PERSONAL SERVICES) • 42,456 SF
      215 Nwnw Byp, Great Falls, MT 59404-4120
      View Details
    • Value Estimation by Request
      111,537 SF

      301 Nwnw Byp

      RETAIL STORES (PERSONAL SERVICES) • 111,537 SF
      301 Nwnw Byp, Great Falls, MT 59404-4125
      View Details
    • Value Estimation by Request
      6,973 SF

      1408 3rd NW St

      RETAIL STORES (PERSONAL SERVICES) • 6,973 SF
      1408 3rd NW St, Great Falls, MT 59404-1928
      View Details
    • Value Estimation by Request
      14,735 SF

      1213 3rd NW St

      RETAIL STORES (PERSONAL SERVICES) • 14,735 SF
      1213 3rd NW St, Great Falls, MT 59404-4116
      View Details
    • Value Estimation by Request
      12,160 SF

      815 Cres Dr

      RETAIL STORES (PERSONAL SERVICES) • 12,160 SF
      815 Cres Dr, Great Falls, MT 59404-3266
      View Details
    • Value Estimation by Request
      19,902 SF

      617 1st NW Ave

      RETAIL STORES (PERSONAL SERVICES) • 19,902 SF
      617 1st NW Ave, Great Falls, MT 59404-2822
      View Details

    Similar Nearby for Sale

    • $2,900,000
      4,521 SF

      Retail Building on Busy Corridor

      Fully occupied retail building with drive-through on a busy corridor.
      1816 3Rd St NW, Great Falls, MT 59404
      View Details
    • $1,158,174
      4,189 SF

      Retail Space in Dense Corridor

      Retail property in high-traffic area with strong demographics.
      1518 10Th Ave S, Great Falls, MT 59404
      View Details
    • $1,550,000
      5,829 SF

      Former Dimitri's Restaurant - Development Site

      Prime Great Falls Retail Site, Subdivision Ready
      1919 3Rd St, Great Falls, MT 59404
      View Details
    • $37,500

      Garage Unit Near Great Falls Airport

      Conveniently located garage unit near Great Falls International Airport.
      2701 Terminal Dr, Great Falls, MT 59404
      View Details
    • $750,000
      200.00 Acres

      Prime Montana Farmland - Great Falls

      200 acres, ready for planting, high yield potential.
      0 Nhn Stuckey Rd, Great Falls, MT 59404
      View Details
    • $3,200,000
      5.89 Acres

      Prime 5.89-Acre Commercial Land

      Montana Commercial Land - Shovel Ready!
      0 Tbd Tbd, Sun Prairie, MT 59404
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,787 SF

      Fitness Space in Holiday Village

      Second-generation fitness space in a dominant retail corridor.
      1200 10Th Ave S, Great Falls, MT 59404
      View Details
    • Contact for pricing
      51,888 SF

      Great Falls Retail Center Opportunity

      Large Montana retail space available.
      1601 Market Place Dr, Great Falls, MT 59404
      View Details
    • $0.09 SF/Yr
      1,175 SF

      Great Falls Office Space for Lease

      1,175 sq ft Office, Abundant Parking
      2501 Old Airport Rd, Great Falls, MT 59404
      View Details
    • $180 SF/Yr
      2,795 SF

      Great Falls Office Space for Lease

      Prime Location, 2,795 sq ft Office
      12 3Rd St, Great Falls, MT 59404
      View Details
    • $0.16 SF/Yr
      1,200 SF

      Great Falls Industrial Warehouse

      1,200 sq ft Warehouse, Office Space Available
      2501 Old Airport Rd, Great Falls, MT 59404
      View Details
    • $0.01 SF/Yr
      28,422 SF

      Great Falls Office Building For Lease

      28,422 sq ft Office/Workshop Space in Montana
      2501 Old Airport Rd, Great Falls, MT 59404
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    722 6th NW St
    Great Falls, MT 59404-2444
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.