3011 American WayMissoula, MT 59808

Property Details for 3011 American Way

Year built

2004

Construction

WOOD

Lot size

2.00 AC

Property size (Sq ft)

19,964 SF

Zone code

6

Property type

Office properties

Property subtype

Office buildings

APN

04-2200-17-2-13-04-0000

APU

4220017213040000

Description

This exceptional 1,138-square-foot traditional office space is situated on the lower level of the ERA Lambros building, conveniently located off Missoula's vibrant North Reserve corridor. The highly visible location offers excellent accessibility and exposure. The interior comprises seven private offices, several spacious enough to serve as conference rooms. A shared entryway, shared restrooms, and elevator access enhance convenience. A large shared conference/break room provides a collaborative workspace. The property includes 110 parking spaces for ample tenant and visitor parking. This is a triple net (NNN) lease, with estimated 2024 NNN expenses of $518.74 per month in addition to the $2,000 monthly base rent. Please note that NNN fees are subject to change. The property's Assessed Property Number (APN) is 04220017213040000. This single-tenant space is ideal for a business seeking a well-appointed and accessible office in a prime Missoula location. The building is a single-suite building.

• CAP approach

  CAP return

  Valuation

  6%

  $3,570,270

  6.5%

  $3,295,634

  7%

  $3,060,231

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,256,524

  Geo Method

  $4,256,524

• Alternative Use

  Use

  Valuation

  Residential

  $4,086,586

  Hospitality

  $3,743,291

  Educational

  $3,114,374

  Medical

  $3,221,482

  Retail

  $4,844,582

Location Insight

City

Missoula

County

Missoula

State

Montana

Latitude

46.8903

Longitude

-114.035

CBSA code

33540

CBSA name

MISSOULA, MT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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