Barndominium with Commercial
62 Katie Ray Lane Kalispell, MT 59901
For Sale
$1,199,995
Custom shop and on-site living set on 4.03 acres, with multiple heat pumps and radiant floor heating.
Property Size6,400 SF
Lot Size4.03 Acres
Price / SF$187.50
Days on Market12
Property Features for 62 Katie Ray Lane
General Information
Standard status
Active
Size
6,400 SF
Lot size
4.03 Acres
Property subtype
Commercial
Building Details
Year Built
2016
Listing Agency:
Keller Williams Realty Northwest Montana
(406) 253-7888
Listed By:
Lianna Khoma · License #RRE-BRO-LIC-108447
Source:
Clearwaterproperties
Added: Jul 17
Changed: Jul 20
Last Checked: Jul 28 at 10:41AM
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 Keller Williams Realty Northwest Montana
Investment Insights
Based on property information with market context.
This custom barndominium is designed for practical operations, featuring a 4,700-square-foot commercial-grade shop suitable for storage, warehousing, or business use. An additional 1,700-square-foot living space supports on-site management or staff. The property includes three separate heat pumps for targeted climate control of the shop and living areas, complemented by radiant floor heating and a backup wood-burning boiler for added reliability.
Set on 4.03 acres, the site offers room for parking and outdoor storage, with flexibility for future expansion. The property also has dual addresses—62 Katie Ray Lane and 353 Montford Road—providing additional delivery and access options.
With its combined shop and residence configuration and multiple climate-control systems, this setup can support a range of day-to-day storage and operational needs from a single location.
Set on 4.03 acres, the site offers room for parking and outdoor storage, with flexibility for future expansion. The property also has dual addresses—62 Katie Ray Lane and 353 Montford Road—providing additional delivery and access options.
With its combined shop and residence configuration and multiple climate-control systems, this setup can support a range of day-to-day storage and operational needs from a single location.
Key Highlights
- 2016 custom barndominium includes a 4,700 SF commercial‑grade shop plus a 1,700 SF living space
- Set on 4.03 acres with room for expansion, parking, or outdoor storage
- Three separate heat pumps provide targeted climate control for the shop and living areas
Financial Insights For Flex RnD
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 | $96.0k | $15.00 |
| − Vacancy | −$5.8k | −$0.90 |
| EGI | $90.2k | $14.10 |
| − OpEx | −$31.6k | −$4.94 |
| NOI | $58.7k | $9.17 |
6,400 SF · lease $15.00/SF/yr · vacancy 6.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$837.9K
$733.2K – $977.6K
NOI $58,656 @ 7.0% cap · market cap 4.89%
Second Best
Warehouse
$668.0K
$584.5K – $779.3K
NOI $46,757 @ 7.0% cap · market cap 3.90%
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,024 @ 7.0% cap · market cap 8.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Custom shop and on-site living set on 4.03 acres, with multiple heat pumps and radiant floor heating.
Where is this flex space located?
The property is located at 62 Katie Ray Lane Kalispell, MT.
What is the asking price?
The asking price for this property is $1,199,995.
What are key features of this property?
This property features: 2016 custom barndominium includes a 4,700 SF commercial‑grade shop plus a 1,700 SF living space; Set on 4.03 acres with room for expansion, parking, or outdoor storage; Three separate heat pumps provide targeted climate control for the shop and living areas
