Mixed-Use Commercial
For Sale
Contact for pricing
1020 3rd Avenue E, Columbia Falls, MT 59912
Well-maintained commercial building with a practical layout suited to office, service, medical, retail, or live/work operations.
Property Size1,668 SF
Lot Size0.33 Acres
Price / SF$404.68
Days on Market190
Property Features for 1020 3rd Avenue E
General Information
Standard status
Active
Size
1,668 SF
Lot size
0.33 Acres
Property subtype
Mixed Use
Zoning
Commercial
Additional Details
Highway Access
Yes
Building Details
Year Built
2005
Listing Agency:
Keller Williams Realty Northwest Montana
(406) 261-0961
Listed By:
Eric Perlstein · License #RRE-BRO-LIC-18848
Source:
Crexi
Added: Feb 21
Changed: Aug 30
Last Checked: Aug 30 at 9:59AM
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 Keller Williams Realty Northwest Montana
Investment Insights
Based on property information with market context.
Located at 1020 3rd Avenue E in Columbia Falls, this 1,668-square-foot commercial building was constructed in 2005 on a 0.33-acre parcel. The interior can support private offices, conference space, reception, and administrative functions, with flexibility for office, service-based, medical, retail, or live/work use.
The property includes landscaped, partially fenced grounds with room for client parking and visible signage. Its position one block from Highway 2 places the building within an established east-side commercial corridor surrounded by other businesses. Commercial zoning and the adaptable floor plan support a range of operating configurations.
The property includes landscaped, partially fenced grounds with room for client parking and visible signage. Its position one block from Highway 2 places the building within an established east-side commercial corridor surrounded by other businesses. Commercial zoning and the adaptable floor plan support a range of operating configurations.
Key Highlights
- 1,668‑square‑foot building constructed in 2005
- Situated on a 0.33‑acre parcel
- Commercial zoning
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
$19,778
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
2.93%
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%
$395,560
$395.6K
Cap Rate 7%
$282,543
$282.5K
Cap Rate 9%
$219,756
$219.8K
Market Conditions
NOI Build-Up for 1,668 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
$31.0K $18.60/SF
− Vacancy
−$4.7K −$2.79/SF
EGI
$26.4K $15.81/SF
− OpEx
−$6.6K −$3.95/SF
NOI
$19.8K $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%
$395,560
Cap Rate 7%
$282,543
Cap Rate 9%
$219,756
Alternative Uses
Best Use
Office B
$282.5K
$247.2K – $329.6K
NOI $19,778 @ 7.0% cap · market cap 2.93%
Second Best
Mixed Use
$168.0K
$147.0K – $196.0K
NOI $11,759 @ 7.0% cap · market cap 1.74%
Theoretical Best
Office A
$372.4K
$325.9K – $434.5K
NOI $26,069 @ 7.0% cap · market cap 3.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
342
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Well-maintained commercial building with a practical layout suited to office, service, medical, retail, or live/work operations.
Where is this mixed-use property located?
The property is located at 1020 3rd Avenue E Columbia Falls, MT.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 1,668‑square‑foot building constructed in 2005; Situated on a 0.33‑acre parcel; Commercial zoning
