700 Higgins AveMissoula, MT 59803

  • Office properties
  • 49,454 SF
For Lease
$19/SF/YR View listing

Property Details for 700 Higgins Ave

Year built
1971
Construction
WOOD
Lot size
2.17 AC
Property size (Sq ft)
49,454 SF
Zone code
6
Property type
Office properties
Property subtype
Office buildings
APN
04-2200-33-3-09-04-0000
APU
4220033309040000

Description

This exceptional two-story, 49,454 square foot Class B office building, constructed in 1997 and renovated in 2006, is situated at 700 SW Higgins Ave in Missoula, Montana, zip code 59803. The property features a modern atrium, abundant parking, and is zoned C1-4 (Neighborhood Commercial) with APN 04-2200-33-3-09-04-0000. The building offers multiple tenancy options, with a minimum divisible space of 1,802 square feet and a maximum contiguous space of 5,864 square feet currently available. This space is ideal for a variety of uses, including traditional, creative, or medical offices. The building includes two suites, with Suite 113 offering approximately 1,802 square feet and Suite 101 offering approximately 4,062 square feet. Suite 101 includes a reception area, thirteen offices, a breakroom, an in-suite restroom, and a detached conference room. The building boasts convenient access and is located in Missoula's vibrant Lewis & Clark Neighborhood. Building amenities include elevators. This property presents a unique opportunity for businesses seeking a well-maintained, versatile office space in a desirable Missoula location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $8,844,126
    6.5%
    $8,163,808
    7%
    $7,580,680
  • Comparable approach

    Method
    Valuation
    Relative Method
    $10,544,087
    Geo Method
    $10,544,087
  • Alternative Use

    Use
    Valuation
    Residential
    $10,123,123
    Hospitality
    $9,272,726
    Educational
    $7,714,799
    Medical
    $7,980,123
    Retail
    $12,000,798
700 Higgins Ave, Missoula, Montana

Location Insight

City
Missoula
County
Missoula
State
Montana
Latitude
46.8373
Longitude
-114.01
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
$97,364
-
-
$5,816,700
-
$570,501
$5,246,199
$5,816,700

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