2501 Old Airport RdGreat Falls, MT 59404

Property Details for 2501 Old Airport Rd

Year built

1942

Construction

WOOD

Lot size

3.49 AC

Property size (Sq ft)

28,422 SF

Property type

Other commercial real estate

Property subtype

Showrooms

APN

02-3015-21-1-02-14-0000

APU

2301521102140000

Description

This exceptional Great Falls, Montana property, located at 2501 Old Airport Road 1W, offers a versatile 1,200 square-foot warehouse space ideal for various business needs. Situated on a 3.49-acre lot zoned for light industrial use (APN: 02301521102140000), this single-tenant unit boasts a private bathroom and ample parking. Enjoy breathtaking city and mountain views. The space is currently available for lease as a double net (NN) lease and is "paint ready" for immediate occupancy. Build-to-suit options are available for this unit and other spaces within the larger building. The building also includes additional spaces ranging from newly renovated 3,696 square-foot workshop/office combinations (Unit 2W) to units requiring minor updates (Units 3 & 4W). These units offer a mix of heated office and workshop space, with the potential to combine spaces for customized layouts. Cold storage space is also available at a separate rate. The entire building is also available for purchase (see MLS # 30019785). This prime location offers easy access to I-15 and proximity to the Great Falls International Airport. Lease rates are quoted annually per square foot.

• CAP approach

  CAP return

  Valuation

  6%

  $7,675,424

  6.5%

  $7,085,006

  7%

  $6,578,934

• Comparable approach

  Method

  Valuation

  Relative Method

  $15,270,834

  Geo Method

  $15,270,834

• Alternative Use

  Use

  Valuation

  Residential

  $5,976,468

  Hospitality

  $5,474,412

  Educational

  $4,554,647

  Medical

  $4,711,288

  Retail

  $7,085,006

Location Insight

City

Great Falls

County

Cascade

State

Montana

Latitude

47.478

Longitude

-111.356

CBSA code

24500

CBSA name

GREAT FALLS, MT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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