690 Higgins AveMissoula, MT 59801

Property Details for 690 Higgins Ave

Year built

1979

Lot size

0.76 AC

Property size (Sq ft)

12,768 SF

Zone code

6

Property type

Healthcare properties

Property subtype

Medical offices

APN

04-2200-33-3-09-03-0000

APU

4220033309030000

Description

This Missoula, Montana office space, totaling 3,341 square feet, is ideally situated on the second floor of the Lewis and Clark building at 690 SW Higgins Ave, 59801. Currently configured as a medical clinic, the combined Suites E & F offer high visibility on a busy thoroughfare. The space boasts a thoughtfully designed layout including a reception/waiting area, private restrooms, a breakroom, multiple examination rooms, individual offices, and a dedicated conference room. Built in 1979 on a 0.07-acre lot, this single-tenant space is perfect for a variety of professional uses. The building provides ample parking for tenants and employees, and enjoys convenient access to public transportation via a nearby Mountain Line bus stop. The annual lease rate is $10.00 per square foot, plus $3.38 per square foot in net operating expenses (NNN). Detailed lease information is available upon request. This property presents a unique opportunity for businesses seeking a well-appointed, conveniently located office space in a thriving Missoula community.

• CAP approach

  CAP return

  Valuation

  6%

  $2,283,370

  6.5%

  $2,107,726

  7%

  $1,957,175

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,722,265

  Geo Method

  $2,722,265

• Alternative Use

  Use

  Valuation

  Residential

  $2,613,581

  Hospitality

  $2,394,026

  Educational

  $1,991,802

  Medical

  $2,060,303

  Retail

  $3,098,358

Location Insight

City

Missoula

County

Missoula

State

Montana

Latitude

46.8376

Longitude

-114.009

CBSA code

33540

CBSA name

MISSOULA, MT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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