2823 Airport RdHelena, MT 59601

Property Details for 2823 Airport Rd

Year built

1981

Construction

WOOD

Lot size

10.08 AC

Property size (Sq ft)

2,392 SF

Property type

Office buildings

APN

05-1888-28-2-14-10-0000

APU

5188828214100000

Description

This exceptional 10.08-acre commercial property in Helena, Montana, presents a compelling investment opportunity. Located at 2823 Airport Road, the site encompasses four buildings, offering significant income potential. Three of the buildings (2819, 2823, and 2827, including associated storage and land) are currently secured by long-term leases, generating substantial consistent revenue. Financial details are accessible upon execution of a non-disclosure agreement. The fourth building, located at 2831 Airport Road, is currently available for lease (MLS 22005788), presenting an avenue for further income growth and enhanced return on investment. The property benefits from city water and sewer connections, supplemented by two additional wells ideal for irrigation and landscaping maintenance. This well-maintained property offers a solid foundation for immediate income and future expansion, making it an attractive proposition for discerning investors seeking a stable and potentially appreciating asset in a desirable location. The property's strategic location and existing lease agreements contribute to its strong financial performance and long-term viability. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $427,774

  6.5%

  $394,869

  7%

  $366,664

• Comparable approach

  Method

  Valuation

  Relative Method

  $509,998

  Geo Method

  $509,998

• Alternative Use

  Use

  Valuation

  Residential

  $489,637

  Hospitality

  $448,505

  Educational

  $373,151

  Medical

  $385,984

  Retail

  $580,457

Location Insight

City

Helena

County

Lewis And Clark

State

Montana

Latitude

46.6011

Longitude

-111.99

CBSA code

25740

CBSA name

HELENA, MT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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