Two-Unit Office Condo
New
For Sale
$415,000
191 Jewel Basin Court #4A & 4B, Bigfork, MT 59911
Two commercial units share amenities and provide separate entrances, outdoor patio access, and highway connectivity.
Property Size1,439 SF
Days on Market6
Property Features for 191 Jewel Basin Court #4A & 4B
General Information
Standard status
Active
Size
1,439 SF
Property subtype
Commercial
Zoning
Business, B3
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Office Units
2
Taxes and HOA fees
Annual Taxes
$1,867
Amenities
common foyer with bathrooms and a kitchen
outdoor patio
Swan Mountain views
Building Details
Building Size
1,439 SF
Year Built
2006
Units
2
Tenancy
Single
Owner Occupied
No
Listing Agency:
National Parks Realty - Bigfork
(406) 253-4115
Listed By:
Tara Harbin · License #RRE-BRO-LIC-62607
(406) 253-4115
Source:
Avatarrealtymt
Added: Aug 25
Changed: Aug 29
Last Checked: Aug 29 at 1:09PM
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 National Parks Realty - Bigfork
Investment Insights
Based on property information with market context.
This commercial condominium offering combines two office units sold together within Riley Creek Condos. The units have separate entrances, supporting distinct occupancy arrangements, while a shared foyer provides bathrooms and kitchen facilities. An outdoor patio adds meeting or client-engagement space, with views toward the Swan Mountains. The property was built in 2006 and is zoned Business, B3.
Located at 191 Jewel Basin Court in Bigfork, the property offers access to Highways 35 and 83, with connections to Kalispell and the Flathead Valley. A full-time tenant currently occupies both units and is willing either to remain in place or relocate into one unit, subject to the stated arrangement.
Located at 191 Jewel Basin Court in Bigfork, the property offers access to Highways 35 and 83, with connections to Kalispell and the Flathead Valley. A full-time tenant currently occupies both units and is willing either to remain in place or relocate into one unit, subject to the stated arrangement.
Key Highlights
- Two commercial condo units sold together
- Separate entrances allow distinct occupancy of each unit
- Shared foyer includes bathrooms and a kitchen
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
$17,063
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
4.11%
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%
$341,260
$341.3K
Cap Rate 7%
$243,757
$243.8K
Cap Rate 9%
$189,589
$189.6K
Market Conditions
NOI Build-Up for 1,439 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
$26.8K $18.60/SF
− Vacancy
−$4.0K −$2.79/SF
EGI
$22.8K $15.81/SF
− OpEx
−$5.7K −$3.95/SF
NOI
$17.1K $11.86/SF
Area
Flathead County, MT
Vacancy
15.00%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
25.00%
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%
$341,260
Cap Rate 7%
$243,757
Cap Rate 9%
$189,589
Alternative Uses
Best Use
Office B
$243.8K
$213.3K – $284.4K
NOI $17,063 @ 7.0% cap · market cap 4.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$321.3K
$281.1K – $374.8K
NOI $22,490 @ 7.0% cap · market cap 5.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Office units
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Explore this area
Business Placement
Demographics for 59911, MT
8,722
Population
5,707
Households
1.5
Avg Household Size
55
Median Age
50%
College-Educated
98%
High-School Grad
491.7 sq mi
ZIP Area
18
Density / Sq Mi
$81,846
Median Household Income
$37,500
Median Earnings
$1,158
Median Rent
$608,000
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?
Office units - Two commercial units share amenities and provide separate entrances, outdoor patio access, and highway connectivity.
Where is this office units located?
The property is located at 191 Jewel Basin Court #4A & 4B Bigfork, MT.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Two commercial condo units sold together; Separate entrances allow distinct occupancy of each unit; Shared foyer includes bathrooms and a kitchen
