619 Higgins AveMissoula, MT 59803

Property Details for 619 Higgins Ave

Year built

1976

Construction

WOOD

Lot size

1.13 AC

Property size (Sq ft)

3,966 SF

Property type

Office properties

Property subtype

Other office properties

APN

04-2200-33-4-16-12-7000

APU

4220033416127000

Description

This exceptional Class A mixed-use commercial building presents a compelling investment opportunity in the vibrant city of Missoula, Montana. Located at 619 SW Higgins Avenue, Suite N, this 968-square-foot property boasts a 100% occupancy rate with a strong net operating income (NOI) of $16,000, yielding a desirable 5.5% capitalization rate. The building, constructed in 1976 and renovated in 1990, features two stories and sits on a two-acre lot. The single-unit property is currently under a net lease (NNN) agreement, minimizing the owner's operational responsibilities. The attractive asking price is $299,999. Underground parking is included, adding significant value and convenience. The low monthly HOA fee of $263 covers the majority of building maintenance. This turnkey investment offers a stable income stream and significant long-term potential, making it an ideal addition to any commercial real estate portfolio. The property's prime location in Missoula, combined with its excellent condition and strong financial performance, makes it a truly exceptional opportunity. The building's Class A designation reflects its high-quality construction and desirable amenities. This is a rare chance to acquire a profitable, low-maintenance commercial property in a thriving Montana market.

• CAP approach

  CAP return

  Valuation

  6%

  $709,261

  6.5%

  $654,703

  7%

  $607,938

• Comparable approach

  Method

  Valuation

  Relative Method

  $845,591

  Geo Method

  $845,591

• Alternative Use

  Use

  Valuation

  Residential

  $811,831

  Hospitality

  $743,633

  Educational

  $618,694

  Medical

  $639,972

  Retail

  $962,413

Location Insight

City

Missoula

County

Missoula

State

Montana

Latitude

46.8375

Longitude

-114.007

CBSA code

33540

CBSA name

MISSOULA, MT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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