1018 Burlington AveMissoula, MT 59801

Property Details for 1018 Burlington Ave

Year built

1950

Construction

WOOD

Lot size

0.51 AC

Property size (Sq ft)

13,448 SF

Zone code

7

Property type

Office properties

Property subtype

Office buildings

APN

04-2200-28-3-44-01-0000

APU

4220028344010000

Description

This exceptional 650-square-foot executive office suite is available for lease at 1018 Burlington #200. Located on the second floor of a building situated on the southwest corner of Burlington and Regent, this single-tenant space offers a convenient and accessible location. Access is via the main entrance on Burlington, followed by stairs to the second floor where the office is conveniently located at the top of the stairs. The suite boasts ample natural light from large south-facing windows. The interior is divided into two distinct office areas, providing flexibility for various business needs. Shared restrooms are available for the building's occupants. The lease is a triple net (NNN) agreement, encompassing taxes, insurance, common area maintenance, and utilities (gas, electric, and water). Lessees are responsible for cable and internet services. The estimated 2023 NNN expense is $6.00 per square foot, translating to approximately $325 per month. A minimum three-year lease term is required. Convenient parking is available in the building's lot and on the street. A lease sign and lockbox are in place for easy access. The building itself totals 22,216 square feet and was constructed in 1975. The property sits on a 0.51-acre lot and is zoned Commercial M1R-2. The Assessor's Parcel Number (APN) is 04220028344010000. There are no elevators in the building.

• CAP approach

  CAP return

  Valuation

  6%

  $2,404,978

  6.5%

  $2,219,980

  7%

  $2,061,410

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,867,248

  Geo Method

  $2,867,248

• Alternative Use

  Use

  Valuation

  Residential

  $2,752,775

  Hospitality

  $2,521,528

  Educational

  $2,097,881

  Medical

  $2,170,030

  Retail

  $3,263,371

Location Insight

City

Missoula

County

Missoula

State

Montana

Latitude

46.8554

Longitude

-114.014

CBSA code

33540

CBSA name

MISSOULA, MT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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