Flex Space with Heated
New
For Sale
$1,300,000
102 Cooperative, Kalispell, MT 59901
Combined office and shop property with separate entrances, adaptable layouts, and dedicated parking for business operations.
Property Size4,500 SF
Price / SF$288.89
Days on Market3
Property Features for 102 Cooperative
General Information
Standard status
Active
Size
4,500 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$10,340
Amenities
Garage: Assigned
Assigned
Building Details
Year Built
2007
Listing Agency:
PureWest Real Estate - Kalispell
(406) 209-7248
Listed By:
Matt David Ernst · License #RRE-RBS-LIC-70499
Source:
Clearwaterproperties
Added: Aug 28
Changed: Aug 29
Last Checked: Aug 29 at 6:14PM
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 PureWest Real Estate - Kalispell
Investment Insights
Based on property information with market context.
This 4,500-square-foot flex property combines substantial office improvements with a heated shop. The office component includes 11 private offices, 6 oversized cubicles, a conference room, reception area, two break areas, shared office space, a server room, and 2 bathrooms. The shop provides a large bay door, bathroom space, and a work and storage room.
Two combined units are included, each with its own entrance, allowing the configuration to be separated into individual office units if needed. The property also includes 8 deeded parking spaces and offers visibility from West Reserve Drive. Built in 2007, the interior and exterior are in well-maintained condition.
Two combined units are included, each with its own entrance, allowing the configuration to be separated into individual office units if needed. The property also includes 8 deeded parking spaces and offers visibility from West Reserve Drive. Built in 2007, the interior and exterior are in well-maintained condition.
Key Highlights
- 4,500‑square‑foot flex property with office space and a heated shop
- Over 3500 square feet of office space with 11 private offices and 6 oversized cubicles
- Nearly 1000 square foot heated shop with large bay door and work/storage room
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
$53,359
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
4.10%
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%
$1,067,180
$1.1M
Cap Rate 7%
$762,271
$762.3K
Cap Rate 9%
$592,878
$592.9K
Market Conditions
NOI Build-Up for 4,500 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
$83.7K $18.60/SF
− Vacancy
−$12.6K −$2.79/SF
EGI
$71.1K $15.81/SF
− OpEx
−$17.8K −$3.95/SF
NOI
$53.4K $11.86/SF
Area
Flathead County, MT
Vacancy
15.00%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
25.00%
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%
$1,067,180
Cap Rate 7%
$762,271
Cap Rate 9%
$592,878
Alternative Uses
Best Use
Office B
$762.3K
$667.0K – $889.3K
NOI $53,359 @ 7.0% cap · market cap 4.10%
Second Best
Flex RnD
$589.2K
$515.5K – $687.4K
NOI $41,243 @ 7.0% cap · market cap 3.17%
Theoretical Best
Office A
$1.00M
$879.1K – $1.17M
NOI $70,330 @ 7.0% cap · market cap 5.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
279
Businesses Nearby
Balanced
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Combined office and shop property with separate entrances, adaptable layouts, and dedicated parking for business operations.
Where is this flex space located?
The property is located at 102 Cooperative Kalispell, MT.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 4,500‑square‑foot flex property with office space and a heated shop; Over 3500 square feet of office space with 11 private offices and 6 oversized cubicles; Nearly 1000 square foot heated shop with large bay door and work/storage room
