Floral Retail
For Sale
$339,500
124 S Main St, Kalispell, MT 59901
Established floral and gift business with an assumable lease and included operating assets.
Property Size1,750 SF
Price / SF$194
Days on Market11
Property Features for 124 S Main St
General Information
Standard status
Active
Size
1,750 SF
Property subtype
Business Opportunity
Additional Details
Business Included
Yes
Building Details
Year Built
1900
Listing Agency:
RE/MAX Mountain View
(406) 871-8805
Listed By:
Stephanie Thompson · License #RRE-BRO-LIC108911
Source:
Mtranchsales
Added: Aug 18
Changed: Aug 28
Last Checked: Aug 28 at 12:27PM
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 RE/MAX Mountain View
Investment Insights
Based on property information with market context.
This business-zoned storefront at 124 S Main St in Kalispell has operated as a floral and gift destination since 1943. The offering includes established branding, a client database, POS equipment, a company website, multiple domain names, delivery vehicles, FF&E, and production inventory. Additional gift and retail inventory is available separately.
The current lease is assumable, supporting continuity for a new operator. The business serves a broad range of floral occasions, including weddings, funerals, birthdays, and everyday arrangements, while also offering gifts and home decor. The building dates to 1900 and occupies a location on Kalispell’s Main Street corridor.
The current lease is assumable, supporting continuity for a new operator. The business serves a broad range of floral occasions, including weddings, funerals, birthdays, and everyday arrangements, while also offering gifts and home decor. The building dates to 1900 and occupies a location on Kalispell’s Main Street corridor.
Key Highlights
- Floral and gift business serving the Flathead Valley since 1943
- Business‑zoned storefront at 124 S Main St, Kalispell, MT 59901
- Current lease is assumable
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
$24,825
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
7.31%
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%
$496,500
$496.5K
Cap Rate 7%
$354,643
$354.6K
Cap Rate 9%
$275,833
$275.8K
Market Conditions
NOI Build-Up for 1,750 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
$36.8K $21.00/SF
− Vacancy
−$1.3K −$0.74/SF
EGI
$35.5K $20.27/SF
− OpEx
−$10.6K −$6.08/SF
NOI
$24.8K $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%
$496,500
Cap Rate 7%
$354,643
Cap Rate 9%
$275,833
Alternative Uses
Best Use
Retail
$354.6K
$310.3K – $413.8K
NOI $24,825 @ 7.0% cap · market cap 7.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$390.7K
$341.9K – $455.8K
NOI $27,350 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,043
Businesses Nearby
194k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 40%
Groceries 34%
Shops & Services 24%
Home Improvements & Furnishings 2%
Smith's
Groceries
35,676 visits/mo
0.3 miles
Super 1 Foods
Groceries
29,600 visits/mo
0.2 miles
Wendy's
Dining
18,599 visits/mo
0.5 miles
Starbucks
Dining
14,085 visits/mo
0.1 miles
Taco Bell
Dining
13,285 visits/mo
0.5 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.
Similar Off Market Nearby
- The Re-Finery — 231 S Main St, Kalispell, MT 59901
- Rose Mountain Floral — 344 S Main St, Kalispell, MT 59901
- Flower Child Florals — 37 5th St E #104, Kalispell, MT 59901
- Farm to Market Floral — 231 N Main St, Kalispell, MT 59901
Frequently Asked Questions
What type of property is this?
Storefront property - Established floral and gift business with an assumable lease and included operating assets.
Where is this storefront property located?
The property is located at 124 S Main St Kalispell, MT.
What is the asking price?
The asking price for this property is $339,500.
What are key features of this property?
This property features: Floral and gift business serving the Flathead Valley since 1943; Business‑zoned storefront at 124 S Main St, Kalispell, MT 59901; Current lease is assumable
