Professional Medical Office
For Sale
Contact for pricing
1250 Burns Way 1, Kalispell, MT 59901
Move-in ready condo suite with patient waiting, nine offices, and multiple bathrooms in an H-1 health care zone.
Property Size2,294 SF
Price / SF$337.84
Days on Market77
Property Features for 1250 Burns Way 1
General Information
Standard status
Active
Size
2,294 SF
Property subtype
Mixed Use
Zoning
Commercial
Building Details
Year Built
1979
Units
1
Listing Agency:
PureWest Real Estate - Lakeside
(406) 890-4157
Listed By:
Kevin Winkel · License #RRE-RBS-LIC-127975
Source:
Crexi
Added: May 27
Changed: Aug 8
Last Checked: Jul 21 at 2:02AM
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 PureWest Real Estate - Lakeside
Investment Insights
Based on property information with market context.
This well-maintained 2,294-square-foot professional suite is offered for sale for the first time in over 40 years. Located in a condo setting, the unit features a spacious patient/client waiting area, a dedicated receptionist and records area, and nine private offices, most with windows and several with sinks. The layout also includes three bathrooms and two large storage rooms, providing useful separation for staff and client-facing workflow.
The suite is positioned within the H-1 Health Care zone and is described as supporting a wide range of permitted uses. The property remarks indicate compatibility with medical and professional offices, as well as laboratories, research and testing facilities, day care, safe houses, pre-schools, and other qualifying uses. The building includes elevator access to the lower-level location, and the suite comes with ample dedicated parking.
For a buyer seeking a move-in ready space that can support professional operations beyond a single use, this condo suite offers a flexible floor plan with multiple private offices and built-in client-facing areas. Its combination of receptionist/records support, storage, and several exam or functional office options, along with on-site parking and elevator access, is intended to serve both staff needs and client or patient comfort.
The suite is positioned within the H-1 Health Care zone and is described as supporting a wide range of permitted uses. The property remarks indicate compatibility with medical and professional offices, as well as laboratories, research and testing facilities, day care, safe houses, pre-schools, and other qualifying uses. The building includes elevator access to the lower-level location, and the suite comes with ample dedicated parking.
For a buyer seeking a move-in ready space that can support professional operations beyond a single use, this condo suite offers a flexible floor plan with multiple private offices and built-in client-facing areas. Its combination of receptionist/records support, storage, and several exam or functional office options, along with on-site parking and elevator access, is intended to serve both staff needs and client or patient comfort.
Key Highlights
- 2,294 SF professional condo suite in the H‑1 Health Care zone, with permitted uses including medical/professional offices and laboratories
- Layout includes a spacious patient/client waiting area plus dedicated receptionist and records area
- Nine private offices, most with windows; several offices include sinks
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
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
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Move-in ready condo suite with patient waiting, nine offices, and multiple bathrooms in an H-1 health care zone.
Where is this medical office space located?
The property is located at 1250 Burns Way 1 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 SF professional condo suite in the H‑1 Health Care zone, with permitted uses including medical/professional offices and laboratories; Layout includes a spacious patient/client waiting area plus dedicated receptionist and records area; Nine private offices, most with windows; several offices include sinks
