3819 Stephens AveMissoula, MT 59801

Property Details for 3819 Stephens Ave

Year built

1974

Property size (Sq ft)

1,450 SF

Property type

Office properties

APN

04-2200-33-3-01-08-7002

APU

4220033301087002

Description

This Missoula, Montana office building at 3819 Stephens Avenue offers a compelling investment opportunity. The single-tenant, 12,555 square foot building sits on a 43,865 square foot lot and boasts 55 parking spaces. Recently upgraded, the property features a mix of well-appointed suites, an elevator, and is zoned commercial (APN: 04220033301087001). The building's modern design caters to a variety of businesses, with clean, professional office spaces and well-maintained common areas. Two former racquetball courts have been converted into workout facilities, adding value and amenity. Multiple smaller suites on the upper level offer potential for live-in owner quarters or additional rental income. Located near the South Hills of Missoula, the property benefits from scenic views and ample open space. The convenient location, upgraded infrastructure, and versatile office space make this a standout asset. The property's strong, long-term commercial leases provide significant cash flow and a high net operating income (NOI) for the new owner. Abundant parking ensures convenience and accessibility for all occupants. This is a rare opportunity to acquire a well-maintained, high-performing commercial property in a desirable Missoula location.

• CAP approach

  CAP return

  Valuation

  6%

  $293,886

  6.5%

  $271,280

  7%

  $251,902

• Comparable approach

  Method

  Valuation

  Relative Method

  $309,154

  Geo Method

  $309,154

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $545,187

  Retail / Commercial

  $277,396

  Mixed-Use / Specialty

  $274,695

  Hospitality / Lodging

  $199,306

  Institutional / Educational

  $284,960

  Residential Income

  $333,403

  Multifamily

  $409,359

  Automotive / Energy

  $244,251

  Parking / Income-Based Land

  $85,979.90

  Restaurant / Food Service

  $139,217

  Healthcare / Senior Housing

  $283,450

Location Insight

City

Missoula

County

Missoula

State

Montana

Latitude

46.8359

Longitude

-114.014

CBSA code

33540

CBSA name

MISSOULA, MT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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