405 3Rd StGreat Falls, MT 59404

Property Details for 405 3Rd St

Year built

2018

Construction

STEEL FRAME

Lot size

1.16 AC

Property size (Sq ft)

38,046 SF

Property type

Office properties

Property subtype

Office buildings

APN

02-3015-02-4-01-13-0000

APU

2301502401130000

Description

West Bank Landing's Portage Building offers exceptional Class A office space in Great Falls, Montana. This 36,852 square foot building, constructed in 2018, sits on a 1.16-acre lot at 405 3rd Street NW, zip code 59404. The property boasts high visibility and is part of the new West Bank Landing project, adjacent to the Missouri River. Its strategic location offers easy access to major retailers including Sam's Club, Ace Hardware, TJ Maxx, Ulta Beauty, Staples, Dollar Tree, North 40 Outfitters, Albertson's, and Walmart. The building's proximity to the US Federal Courthouse and the new Marriott SpringHill Suites further enhances its appeal. Current tenants include Payne West Insurance, Edward Jones, and the Great Falls Development Authority. Available spaces range from a minimum of 1,000 square feet to a maximum contiguous space of 5,264 square feet, with both main level and second-floor suites available. Lease rates are quoted on a warm shell basis, and the landlord is open to funding tenant improvements. The building is categorized as both Traditional and Executive Office space, suitable for multiple tenants. This is a rare opportunity to secure premium office space in a thriving commercial development.

• CAP approach

  CAP return

  Valuation

  6%

  $6,989,430

  6.5%

  $6,451,782

  7%

  $5,990,940

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,111,788

  Geo Method

  $8,111,788

• Alternative Use

  Use

  Valuation

  Residential

  $8,000,210

  Hospitality

  $7,328,148

  Educational

  $6,096,934

  Medical

  $6,306,616

  Retail

  $9,484,119

Location Insight

City

Great Falls

County

Cascade

State

Montana

Latitude

47.5114

Longitude

-111.315

CBSA code

24500

CBSA name

GREAT FALLS, MT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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