Ground-Level Retail
New
For Sale
$395,000
108-570 E Swift Creek Way, Kalispell, MT 59901
The unfinished interior allows an owner-occupant to build out the space for its business.
Property Size1,056 SF
Price / SF$374.05
Days on Market3
Property Features for 108-570 E Swift Creek Way
General Information
Standard status
Active
Size
1,056 SF
Additional Details
Floor
Ground
Taxes and HOA fees
Annual Taxes
$9,208
Amenities
private entrance
Listing Agency:
Rocky Mountain Real Estate
(406) 862-9000
Listed By:
Nikki Marengo · License #79641
(406) 212-8507
Source:
Exprealty
Added: Oct 1
Changed: Oct 3
Last Checked: Oct 3 at 2:45AM
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 Rocky Mountain Real Estate
Investment Insights
Based on property information with market context.
This 1,056-square-foot retail condominium occupies the ground level and has a private entrance. It is being sold in shell condition, allowing the owner-occupant to create an interior suited to the business. The unit faces north.
The property is in Montarise Landing, a mixed-use community in the North Kalispell corridor. Major roadways, shopping, dining, Logan Health and Glacier Park International Airport are cited nearby. An upstairs residential condominium may be purchased with the commercial unit, offering a live-work configuration.
The property is in Montarise Landing, a mixed-use community in the North Kalispell corridor. Major roadways, shopping, dining, Logan Health and Glacier Park International Airport are cited nearby. An upstairs residential condominium may be purchased with the commercial unit, offering a live-work configuration.
Key Highlights
- 1,056‑square‑foot ground‑level retail condominium
- Delivered in shell condition for owner build‑out
- Private entrance
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
$14,980
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
3.79%
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%
$299,600
$299.6K
Cap Rate 7%
$214,000
$214.0K
Cap Rate 9%
$166,444
$166.4K
Market Conditions
NOI Build-Up for 1,056 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
$22.2K $21.00/SF
− Vacancy
−$776 −$0.74/SF
EGI
$21.4K $20.27/SF
− OpEx
−$6.4K −$6.08/SF
NOI
$15.0K $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%
$299,600
Cap Rate 7%
$214,000
Cap Rate 9%
$166,444
Alternative Uses
Best Use
Retail
$214.0K
$187.3K – $249.7K
NOI $14,980 @ 7.0% cap · market cap 3.79%
Second Best
Healthcare Medical
$189.9K
$166.2K – $221.5K
NOI $13,292 @ 7.0% cap · market cap 3.37%
Theoretical Best
Office A
$235.8K
$206.3K – $275.1K
NOI $16,504 @ 7.0% cap · market cap 4.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
36
Businesses Nearby
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?
Retail space - The unfinished interior allows an owner-occupant to build out the space for its business.
Where is this retail space located?
The property is located at 108-570 E Swift Creek Way Kalispell, MT.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 1,056‑square‑foot ground‑level retail condominium; Delivered in shell condition for owner build‑out; Private entrance
