Two-Unit Office
13-1340 Airport Rd, Kalispell, MT 59901
For Sale
$285,000
Two condominium office units offer flexible occupancy, with the option to combine them into one larger office suite.
Property Size1,840 SF
Price / SF$154.89
Days on Market54
Property Features for 13-1340 Airport Rd
General Information
Standard status
Size
Additional Details
Office Units
Taxes and HOA fees
Annual Taxes
Listing Agency:
Glacier Sotheby's International Realty Bigfork
(406) 837-6100
Listed By:
Katherine Conrad · License #RRE-BRO-LIC-108906
(406) 249-4747
Source:
Exprealty
Added: Sep 15
Changed: Nov 1
Last Checked: Nov 6 at 2:35PM
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 Glacier Sotheby's International Realty Bigfork
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Investment Insights
Based on property information with market context.
This office property comprises two condominium units, each approximately 920 square feet. The units may be acquired as separate spaces or combined into one larger condominium totaling approximately 1840 square feet. Unit 1342 is currently occupied by a tenant, providing an existing occupancy arrangement for a purchaser acquiring both units. On-site parking is available for the property.
The property is located at 13-1340 Airport Rd in Kalispell and is visible from Highway 93 when entering the area. Showings are available by appointment. The flexible unit configuration supports either individual office occupancy or a combined larger-format layout, subject to the buyer’s intended use and applicable requirements.
The property is located at 13-1340 Airport Rd in Kalispell and is visible from Highway 93 when entering the area. Showings are available by appointment. The flexible unit configuration supports either individual office occupancy or a combined larger-format layout, subject to the buyer’s intended use and applicable requirements.
Key Highlights
- Two condominium office units, each approximately 920 sq feet
- Units can be combined into one condominium of approximately 1840 sq feet
- Unit 1342 currently has a tenant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,161
Cap Rate
8.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$463,220
$463.2K
Cap Rate 7%
$330,871
$330.9K
Cap Rate 9%
$257,344
$257.3K
Market Conditions
NOI Build-Up for 1,840 SF
Gross rent
$40.8K $22.20/SF
− Vacancy
−$2.2K −$1.22/SF
EGI
$38.6K $20.98/SF
− OpEx
−$15.4K −$8.39/SF
NOI
$23.2K $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 Rate 5%
$463,220
Cap Rate 7%
$330,871
Cap Rate 9%
$257,344
Alternative Uses
Best Use
Healthcare Medical
$330.9K
$289.5K – $386.0K
NOI $23,161 @ 7.0% cap · market cap 8.13%
Second Best
Office B
$311.7K
$272.7K – $363.6K
NOI $21,818 @ 7.0% cap · market cap 7.66%
Theoretical Best
Office A
$410.8K
$359.5K – $479.3K
NOI $28,757 @ 7.0% cap · market cap 10.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
817
Businesses Nearby
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
$417,200
Median Home Value
Market
Average Price Trend$/SF for Office Units in Kalispell, MT
Properties on Market for Office Units in Kalispell
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Two condominium office units offer flexible occupancy, with the option to combine them into one larger office suite.
Where is this office unit located?
The property is located at 13-1340 Airport Rd Kalispell, MT.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Two condominium office units, each approximately 920 sq feet; Units can be combined into one condominium of approximately 1840 sq feet; Unit 1342 currently has a tenant
