Medical Office Suite with Private
For Sale
$775,000
1250 Burns Way, Kalispell, MT 59901
CommercialSale, Kalispell, MT
Property Size2,294 SF
Lot Size0.00 Acres
Price / SF$337.84
Days on Market86
Property Features for 1250 Burns Way
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Zoning description
H-1
Rooms
Basement
Parking features
On Street
Directions
Hwy 93 to Conway Drive to Burns Way; subject property is on SW corner of Burns Way and Claremont St.
Standard status
Active
APN
07396606303137001
Lot size
0.00 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Highland Park Professional Condo L 7&8 Lot: Unit 1
Tax Annual Amount
8647
Legal Description
Highland Park Professional Condo L 7&8 Lot: Unit 1
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Baseboard, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1979
Number of units
1
Roof type
Composition
Listing Agency:
PureWest Real Estate - Lakeside
(406) 844-6050
Listed By:
Kevin Winkel · License #RRE-RBS-LIC-127975
(406) 890-4157
Added: May 27
Changed: Aug 20
Last Checked: Aug 20 at 6:06PM
MLS# 30071557
Copyright © 2026 Montana Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,294-square-foot medical office condominium occupies a lower-level position within a four-unit building and is served by an elevator. The interior includes a client or patient reception area, a receptionist and records station, nine private offices, three bathrooms, and two sizable storage rooms. Most offices have windows, while several include sinks, supporting a range of office-based medical functions.
The suite is located at 1250 Burns Way in Kalispell and was built in 1979. Building services include central air conditioning, forced-air and electric heating, baseboard heating, public water, and public sewer. The property is identified as commercial and includes on-street parking. Its layout provides a combination of private rooms, administrative space, restroom capacity, and storage within a single professional suite.
The suite is located at 1250 Burns Way in Kalispell and was built in 1979. Building services include central air conditioning, forced-air and electric heating, baseboard heating, public water, and public sewer. The property is identified as commercial and includes on-street parking. Its layout provides a combination of private rooms, administrative space, restroom capacity, and storage within a single professional suite.
Key Highlights
- 2,294‑square‑foot medical office condominium
- Nine private offices, with windows in most rooms and sinks in several
- Reception area plus dedicated receptionist and records station
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
$28,875
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
3.73%
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%
$577,500
$577.5K
Cap Rate 7%
$412,500
$412.5K
Cap Rate 9%
$320,833
$320.8K
Market Conditions
NOI Build-Up for 2,294 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
$50.9K $22.20/SF
− Vacancy
−$2.8K −$1.22/SF
EGI
$48.1K $20.98/SF
− OpEx
−$19.3K −$8.39/SF
NOI
$28.9K $12.59/SF
Area
Flathead County, MT
Vacancy
5.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
40.00%
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%
$577,500
Cap Rate 7%
$412,500
Cap Rate 9%
$320,833
Alternative Uses
Best Use
Healthcare Medical
$412.5K
$360.9K – $481.3K
NOI $28,875 @ 7.0% cap · market cap 3.73%
Second Best
Office B
$388.6K
$340.0K – $453.4K
NOI $27,201 @ 7.0% cap · market cap 3.51%
Theoretical Best
Office A
$512.2K
$448.2K – $597.5K
NOI $35,852 @ 7.0% cap · market cap 4.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
1,217
Businesses Nearby
Under-served
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Lower-level condominium suite with flexible clinical and professional office configuration.
Where is this medical office space located?
The property is located at 1250 Burns Way Kalispell, MT.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: 2,294‑square‑foot medical office condominium; Nine private offices, with windows in most rooms and sinks in several; Reception area plus dedicated receptionist and records station
