Corner Retail Building with
For Sale
$755,000
647 6th Avenue E, Kalispell, MT 59901
CommercialSale, Kalispell, MT
Property Size3,841 SF
Lot Size0.16 Acres
Price / SF$196.56
Days on Market419
Property Features for 647 6th Avenue E
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
R-3
Parking
12
Lot features
Level
Directions
This property is located on the corner of 6th Ave E and 7th St E. Kalispell MT
Standard status
Active
APN
07396617230080000
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
KAL ADD 3 AMD L 7,8 BLK 201, S17, T28 N, R21 W, BLOCK 201, Lot 8, KAL ADD 3 AMD L7,8 BLK 201 8
Tax Annual Amount
7335
Legal Description
KAL ADD 3 AMD L 7,8 BLK 201, S17, T28 N, R21 W, BLOCK 201, Lot 8, KAL ADD 3 AMD L7,8 BLK 201 8
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Amenities
garage area
Building Details
Year built
1958
Flooring type
Carpet, Tile, Concrete, Linoleum
Building materials
WoodSiding, WoodFrame
Listing Agency:
Engel & Volkers Western Frontier - Kalispell · Engel & Völkers
(406) 300-1790
Listed By:
Alice J Brotnov · License #RRE-BRO-LIC-62874
(406) 229-0120
Added: Jul 24, 2025
Changed: Sep 14
Last Checked: Sep 15 at 5:06AM
MLS# 30054388
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 3,841-square-foot storefront property provides a single-level commercial layout with a garage area and 12 parking spaces. The building was constructed in 1958 and includes concrete, linoleum, carpet, and tile flooring. Forced-air heating with natural gas, central air, public water, and public sewer support the existing improvements.
Situated on a 0.161-acre corner lot at 647 6th Avenue E, the property occupies a mixed setting on Kalispell’s historic east side, surrounded by businesses, residential homes, and condominiums. The flexible interior configuration may support a range of commercial applications, including retail, medical, salon, chiropractic, laundry, coffee, or convenience-store use, as identified in the property information.
Situated on a 0.161-acre corner lot at 647 6th Avenue E, the property occupies a mixed setting on Kalispell’s historic east side, surrounded by businesses, residential homes, and condominiums. The flexible interior configuration may support a range of commercial applications, including retail, medical, salon, chiropractic, laundry, coffee, or convenience-store use, as identified in the property information.
Key Highlights
- 3,841‑square‑foot commercial building on a 0.161‑acre corner lot
- 12 on‑site parking spaces plus garage area
- Single‑level interior with concrete, linoleum, carpet, and tile flooring
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
$54,487
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
7.22%
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%
$1,089,740
$1.1M
Cap Rate 7%
$778,386
$778.4K
Cap Rate 9%
$605,411
$605.4K
Market Conditions
NOI Build-Up for 3,841 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
$80.7K $21.00/SF
− Vacancy
−$2.8K −$0.74/SF
EGI
$77.8K $20.27/SF
− OpEx
−$23.4K −$6.08/SF
NOI
$54.5K $14.19/SF
Area
Flathead County, MT
Vacancy
3.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,089,740
Cap Rate 7%
$778,386
Cap Rate 9%
$605,411
Alternative Uses
Best Use
Retail
$778.4K
$681.1K – $908.1K
NOI $54,487 @ 7.0% cap · market cap 7.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$857.6K
$750.4K – $1.00M
NOI $60,030 @ 7.0% cap · market cap 7.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,287
Businesses Nearby
3k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Wells Fargo
Shops & Services
2,980 visits/mo
0.4 miles
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 Retail in West region
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Frequently Asked Questions
What type of property is this?
Storefront property - Single-level commercial space with adaptable interior areas, on-site parking, and public water and sewer service.
Where is this storefront property located?
The property is located at 647 6th Avenue E Kalispell, MT.
What is the asking price?
The asking price for this property is $755,000.
What are key features of this property?
This property features: 3,841‑square‑foot commercial building on a 0.161‑acre corner lot; 12 on‑site parking spaces plus garage area; Single‑level interior with concrete, linoleum, carpet, and tile flooring
