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    Property profile & analytics

    Missoula, MT 59808

    • Garden apartment buildings
    • 18,414 SF
    • 2.71 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US52-0281105
    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

    • Garden apartment buildings

    Property Details

    Year built
    2022
    Construction
    WOOD
    Lot size
    2.71 lot acres
    Property size
    18,414 SF
    Property type
    Garden apartment buildings
    APN
    04-2199-12-1-03-02-0000
    APU
    4219912103020000

    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
    -114.068
    Latitude
    46.8974
    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
    $195,319
    $0.00
    $0.00
    $17,384,900
    -
    $1,315,500
    $16,069,400
    $17,384,900

    Comparable in this City

    • Value Estimation by Request
      23,820 SF

      3705 England Blvd

      GARDEN APT, COURT APT (5+ UNITS) • 23,820 SF
      3705 England Blvd, Missoula, MT 59808-5983
      View Details
    • Value Estimation by Request
      36,570 SF

      2200 Great Northern Ave

      GARDEN APT, COURT APT (5+ UNITS) • 36,570 SF
      2200 Great Northern Ave, Missoula, MT 59808-1605
      View Details
    • Value Estimation by Request
      33,391 SF

      2550 Great Northern Ave

      GARDEN APT, COURT APT (5+ UNITS) • 33,391 SF
      2550 Great Northern Ave, Missoula, MT 59808-1762
      View Details
    • Value Estimation by Request
      7,380 SF

      3840 Oleary St

      GARDEN APT, COURT APT (5+ UNITS) • 7,380 SF
      3840 Oleary St, Missoula, MT 59808-1586
      View Details
    • Value Estimation by Request
      3,520 SF

      1650 Russell St

      GARDEN APT, COURT APT (5+ UNITS) • 3,520 SF
      1650 Russell St, Missoula, MT 59808-1887
      View Details
    • Value Estimation by Request
      8,246 SF

      1075 Russell St

      GARDEN APT, COURT APT (5+ UNITS) • 8,246 SF
      1075 Russell St, Missoula, MT 59808
      View Details

    Similar Nearby for Sale

    • $699,000

      Missoula Multifamily Investment Opportunity

      Three-parcel development, high potential.
      2601 2609, Missoula, MT 59808
      View Details
    • $370,000

      Mullan Road Condo with Balcony

      Two-bedroom, two-bathroom condo with new paint and carpet.
      4100 Mullan Rd, Missoula, MT 59808
      View Details
    • $4,590,000
      1.14 Acres

      Multifamily Property with Condo Potential

      18-unit multifamily property in Missoula with condo conversion potential.
      2402-2418 Leo Ave, Missoula, MT 59808
      View Details
    • $8,000,000
      44.75 Acres

      Dougherty Drive Development Opportunity

      44.75 Acres, 614 Units Possible
      0 Trl B Dougherty Dr, Missoula, MT 59808
      View Details
    • $297,500

      Immaculate Condo with Mountain Views

      Well-maintained condo featuring mountain views, modern amenities, and community building.
      4100 Mullan Rd, Missoula, MT 59808
      View Details
    • $429,500
      1,984 SF

      Hellgate Duplex with Income Potential

      Duplex in Hellgate School district with two units.
      6445 Mullan Rd, Missoula, MT 59808
      View Details

    Similar Nearby for Lease

    • $0.17 SF/Yr
      1,879 SF

      Mullan Crossing Office Condo

      Missoula Office: Move-in Ready
      3760 Mullan Rd, Missoula, MT 59808
      View Details
    • $0.14 SF/Yr
      2,255 SF

      Mullan Crossing Office Condo

      Prime Office Space, Ready to Occupy
      3760 Mullan Rd, Missoula, MT 59808
      View Details
    • $12 SF/Yr

      Missoula Commercial Space For Lease

      Commercial spaces available in Missoula's Northside neighborhood near I-90.
      3300 Raser Dr, Missoula, MT 59808
      View Details
    • $6,950,000
      11,750 SF

      7600 Desmet Rd, Missoula, MT

      Warehouses • 11,750 SF
      7600 Desmet Rd, Missoula, MT 59808
      View Details
    • $12 SF/Yr
      6 SF

      Premier Industrial Space Near Airport

      6,000 SF industrial space with convenient airport access.
      9950 Missoula Ave, Missoula, MT 59808
      View Details
    • Contact for pricing
      3,803 SF

      Retail Space Near Broadway Street

      Retail space with high traffic and national co-tenancy.
      3205 N Reserve St, Missoula, MT 59808
      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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