Freestanding Class A Bank
For Sale
Contact for pricing
1015 9th St W, Columbia Falls, MT 59912
Freestanding Class A bank building currently owned and operated by Park Side Credit Union.
Property Size5,848 SF
Price / SF$395.01
Days on Market1447
Property Features for 1015 9th St W
General Information
Standard status
Active
Size
5,848 SF
Property subtype
RETAIL
Listing Agency:
Rubicon Concierge Real Estate, Inc.
(213) 462-2810
Listed By:
Corey Waite · License #01134516
(213) 434-0044
Source:
Moodyscre
Added: Sep 30, 2022
Changed: Sep 4
Last Checked: Sep 14 at 12:11PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Rubicon Concierge Real Estate, Inc.
Investment Insights
Based on property information with market context.
This freestanding Class A bank building is currently owned and operated by Park Side Credit Union. The property totals 5,848 square feet, providing dedicated commercial space for a single banking operation.
The building is located at 1015 9th St W in Columbia Falls, Montana 59912, offering a straightforward, dedicated footprint for financial services under one operator.
As a for-sale asset with an established owner-operator in place, the property is well suited for buyers seeking a freestanding bank facility with a defined building size and a Class A profile.
The building is located at 1015 9th St W in Columbia Falls, Montana 59912, offering a straightforward, dedicated footprint for financial services under one operator.
As a for-sale asset with an established owner-operator in place, the property is well suited for buyers seeking a freestanding bank facility with a defined building size and a Class A profile.
Key Highlights
- Freestanding Class A bank building
- Currently owned and operated by Park Side Credit Union
- 5,848 square feet
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
$82,957
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
3.59%
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%
$1,659,140
$1.7M
Cap Rate 7%
$1,185,100
$1.2M
Cap Rate 9%
$921,744
$921.7K
Market Conditions
NOI Build-Up for 5,848 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
$122.8K $21.00/SF
− Vacancy
−$4.3K −$0.74/SF
EGI
$118.5K $20.27/SF
− OpEx
−$35.6K −$6.08/SF
NOI
$83.0K $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%
$1,659,140
Cap Rate 7%
$1,185,100
Cap Rate 9%
$921,744
Alternative Uses
Best Use
Retail
$1.19M
$1.04M – $1.38M
NOI $82,957 @ 7.0% cap · market cap 3.59%
Second Best
Specialty Retail
$1.15M
$1.01M – $1.34M
NOI $80,664 @ 7.0% cap · market cap 3.49%
Theoretical Best
Office A
$1.31M
$1.14M – $1.52M
NOI $91,397 @ 7.0% cap · market cap 3.96%
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
304
Businesses Nearby
36k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 83%
Dining 15%
Electronics 2%
Exxon
Shops & Services
9,362 visits/mo
0.3 miles
Conoco
Shops & Services
9,288 visits/mo
0.4 miles
Town Pump
Shops & Services
4,281 visits/mo
0.3 miles
SUBWAY
Dining
2,615 visits/mo
0.2 miles
O'Reilly Auto Parts
Shops & Services
2,398 visits/mo
0.1 miles
Demographics for 59912, MT
15,395
Population
6,831
Households
2.3
Avg Household Size
43
Median Age
31%
College-Educated
93%
High-School Grad
188.9 sq mi
ZIP Area
81
Density / Sq Mi
$73,515
Median Household Income
$38,529
Median Earnings
$1,052
Median Rent
$438,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Bank - Freestanding Class A bank building currently owned and operated by Park Side Credit Union.
Where is this bank located?
The property is located at 1015 9th St W Columbia Falls, MT.
What is the asking price?
The asking price for this property is $2,310,000.
What are key features of this property?
This property features: Freestanding Class A bank building; Currently owned and operated by Park Side Credit Union; 5,848 square feet
