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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Missoula, MT 59802

    • Medical offices
    • 13,712 SF
    • 0.60 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US52-0163213
    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

    • Medical offices

    Property Details

    Year built
    2015
    Construction
    FRAME
    Lot size
    0.60 lot acres
    Property size
    13,712 SF
    Zone code
    7
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    04-2200-21-1-47-09-0000
    APU
    4220021147090000

    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
    Missoula
    County
    Missoula
    State
    Montana
    Longitude
    -113.997
    Latitude
    46.8773
    CBSA code
    33540
    CBSA name
    MISSOULA, 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
    $174
    $0.00
    $0.00
    $4,201,680
    -
    $632,450
    $3,569,230
    $4,201,680

    Comparable in this City

    • Value Estimation by Request
      6,340 SF

      610 California St

      MEDICAL BUILDING • 6,340 SF
      610 California St, Missoula, MT 59802-3950
      View Details
    • Value Estimation by Request
      15,080 SF

      Alder St

      MEDICAL BUILDING • 15,080 SF
      Alder St, Missoula, MT 59802
      View Details
    • Value Estimation by Request
      27,045 SF

      238 2nd W St

      MEDICAL BUILDING • 27,045 SF
      238 2nd W St, Missoula, MT 59802
      View Details
    • Value Estimation by Request
      156,936 SF

      500 Broadway St

      MEDICAL BUILDING • 156,936 SF
      500 Broadway St, Missoula, MT 59802-4008
      View Details
    • Value Estimation by Request
      13,745 SF

      510 Frnt St

      MEDICAL BUILDING • 13,745 SF
      510 Frnt St, Missoula, MT 59802-4135
      View Details
    • Value Estimation by Request
      23,400 SF

      301 Alder St

      MEDICAL BUILDING • 23,400 SF
      301 Alder St, Missoula, MT 59802-4123
      View Details

    Similar Nearby for Sale

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      Downtown Missoula Office Building

      Office building in downtown Missoula with parking and courtyard.
      150 E Pine St, Missoula, MT 59802
      View Details
    • $1,895,000
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      Downtown Missoula Mixed-Use Building

      Prime Missoula location, 3,600 sq ft office space.
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    • $975,000
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      Downtown Missoula Office Condo

      Turn-key office condo in the heart of downtown Missoula.
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    • $2,500,000
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      Riverfront Office Building For Sale

      Stunning office property with river views and parking.
      815 E Front St, Missoula, MT 59802
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    • $1,300,000

      Historic Missoula Mixed-Use Property

      Prime location, versatile building, investment opportunity.
      416 Pine St, Missoula, MT 59802
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    • $1,495,000

      Montana Building

      Individual retail properties
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    Similar Nearby for Lease

    • $8 SF/Yr
      3,624 SF

      Downtown Missoula Office Space

      Iconic building, riverfront location, 3624 sq ft.
      501 California St, Missoula, MT 59802
      View Details
    • $20 SF/Yr

      Premier Class A Office Space

      Class A office space in downtown Missoula with unmatched amenities.
      101 E Front St, Missoula, MT 59802
      View Details
    • $20 SF/Yr
      1,088 SF

      Downtown Missoula Office Space Available

      Office spaces for rent in historic Headquarters Building, Missoula.
      111-115 W Front St, Missoula, MT 59802
      View Details
    • $25 SF/Yr

      Class A Office Space

      Prestigious office space in downtown Missoula with river views.
      101 E Front St, Missoula, MT 59802
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    • $24 SF/Yr
      11,800 SF

      Downtown Missoula Mixed-Use Gem

      Historic building, retail & office space
      424 Higgins Ave, Missoula, MT 59802
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    • $22 SF/Yr
      148,470 SF

      Iconic Missoula Office Space

      Downtown Missoula, MT: Prime Office & Retail
      111 Higgins Ave, Missoula, MT 59802
      View Details
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    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
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