Prime Downtown Commercial
For Sale
$975,000
32 1st W Avenue, Kalispell, MT 59901
Fully leased commercial building in a high-traffic downtown location.
Property Size4,525 SF
Lot Size0.08 Acres
Price / SF$215.47
Days on Market564
Property Features for 32 1st W Avenue
General Information
Standard status
Active
Size
4,525 SF
Lot size
0.08 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1950
Listing Agency:
Silvercreek Realty Group LLC - MT
(406) 270-2121
Listed By:
James W Williamson · License #RRE-BRO-LIC-62214
(406) 270-2121
Source:
Exitrealty
Added: Jan 14, 2025
Changed: Jul 6
Last Checked: Jul 31 at 5:03AM
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 Silvercreek Realty Group LLC - MT
Investment Insights
Based on property information with market context.
This commercial building, located in the heart of the downtown core, features an inviting storefront designed to attract foot traffic and maximize visibility. The property is fully leased with a lease expiring February 1, 2028. The tenant pays $4,500 per month. Situated in a high-traffic area with easy access to local amenities, this property is suitable for entrepreneurs, investors, or businesses looking to establish a strategic downtown presence. The property size is 4,525 square feet.
Key Highlights
- Prime downtown core location
- Fully leased until February 1, 2028, providing immediate rental income
- Tenant pays $4,500 per month
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $95.0k | $21.00 |
| − Vacancy | −$3.3k | −$0.74 |
| EGI | $91.7k | $20.27 |
| − OpEx | −$27.5k | −$6.08 |
| NOI | $64.2k | $14.19 |
4,525 SF · lease $21.00/SF/yr · vacancy 3.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$917.0K
$802.4K – $1.07M
NOI $64,189 @ 7.0% cap · market cap 6.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.01M
$884.0K – $1.18M
NOI $70,720 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,026
Businesses Nearby
181k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 36%
Shops & Services 35%
Dining 27%
Home Improvements & Furnishings 2%
Smith's
Groceries
35,676 visits/mo
0.4 miles
Super 1 Foods
Groceries
29,600 visits/mo
0.3 miles
Conoco
Shops & Services
14,174 visits/mo
0.4 miles
Starbucks
Dining
14,085 visits/mo
0.1 miles
Town Pump
Shops & Services
10,825 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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - Fully leased commercial building in a high-traffic downtown location.
Where is this storefront property located?
The property is located at 32 1st W Avenue Kalispell, MT.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Prime downtown core location; Fully leased until February 1, 2028, providing immediate rental income; Tenant pays $4,500 per month
