Medical Office Suite with Nine
For Sale
$775,000
1250 Burns Way, Kalispell, MT 59901
CommercialSale, Kalispell, MT
Property Size2,294 SF
Lot Size0.00 Acres
Price / SF$337.84
Days on Market113
Property Features for 1250 Burns Way
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Zoning description
H-1
Rooms
Basement
Parking features
On Street
Directions
Hwy 93 to Conway Drive to Burns Way; subject property is on SW corner of Burns Way and Claremont St.
Standard status
Active
APN
07396606303137001
Lot size
0.00 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Highland Park Professional Condo L 7&8 Lot: Unit 1
Tax Annual Amount
8647
Legal Description
Highland Park Professional Condo L 7&8 Lot: Unit 1
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Electric (Heating), Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1979
Number of units
1
Roof type
Composition
Listing Agency:
PureWest Real Estate - Lakeside
(406) 844-6050
Listed By:
Kevin Winkel · License #RRE-RBS-LIC-127975
(406) 890-4157
Added: May 27
Changed: Sep 15
Last Checked: Sep 16 at 12:06AM
MLS# 30071557
Copyright © 2026 Montana Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This medical office suite is configured for client- or patient-facing operations, with a waiting area, reception and records zone, nine private offices, three bathrooms, and two large storage rooms. Most offices have windows, while several include sinks. The suite occupies a lower-level position within a four-unit condominium building and is served by an elevator. Central air and electric heating support year-round operations, with public water and public sewer serving the property.
Located at 1250 Burns Way in Kalispell, the property is identified for commercial use and has been held by the same ownership for over 40 years. Its existing layout is suited to medical and professional office functions, with dedicated areas for reception, private workrooms, records, and storage.
Located at 1250 Burns Way in Kalispell, the property is identified for commercial use and has been held by the same ownership for over 40 years. Its existing layout is suited to medical and professional office functions, with dedicated areas for reception, private workrooms, records, and storage.
Key Highlights
- Nine private offices, most with windows; several offices include sinks
- Three bathrooms and two large storage rooms
- Patient or client waiting area with dedicated receptionist and records space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,875
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.73%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$577,500
$577.5K
Cap Rate 7%
$412,500
$412.5K
Cap Rate 9%
$320,833
$320.8K
Market Conditions
NOI Build-Up for 2,294 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$50.9K $22.20/SF
− Vacancy
−$2.8K −$1.22/SF
EGI
$48.1K $20.98/SF
− OpEx
−$19.3K −$8.39/SF
NOI
$28.9K $12.59/SF
Area
Flathead County, MT
Vacancy
5.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$577,500
Cap Rate 7%
$412,500
Cap Rate 9%
$320,833
Alternative Uses
Best Use
Healthcare Medical
$412.5K
$360.9K – $481.3K
NOI $28,875 @ 7.0% cap · market cap 3.73%
Second Best
Office B
$388.6K
$340.0K – $453.4K
NOI $27,201 @ 7.0% cap · market cap 3.51%
Theoretical Best
Office A
$512.2K
$448.2K – $597.5K
NOI $35,852 @ 7.0% cap · market cap 4.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,217
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 59901, MT
57,900
Population
25,154
Households
2.3
Avg Household Size
40
Median Age
33%
College-Educated
96%
High-School Grad
468.8 sq mi
ZIP Area
124
Density / Sq Mi
$70,391
Median Household Income
$38,073
Median Earnings
$1,052
Median Rent
$417,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Lower-level suite includes private offices, patient reception space, multiple bathrooms, storage, and elevator access.
Where is this medical office space located?
The property is located at 1250 Burns Way Kalispell, MT.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Nine private offices, most with windows; several offices include sinks; Three bathrooms and two large storage rooms; Patient or client waiting area with dedicated receptionist and records space
