Flex Space with Heated
For Sale
$1,500,000
102 Cooperative Way #B C F, Kalispell, MT 59901
Flexible commercial configuration combines private offices, workspace, and a dedicated heated shop for owner-user or leasing applications.
Property Size4,500 SF
Days on Market52
Property Features for 102 Cooperative Way #B C F
General Information
Standard status
Active
Size
4,500 SF
Property subtype
Commercial
Zoning
Industrial - Light, I-1
Taxes and HOA fees
Annual Taxes
$10,340
Building Details
Building Size
4,500 SF
Year Built
2007
Units
3
Listing Agency:
PureWest Real Estate - Kalispell
(406) 209-7248
Listed By:
Matt David Ernst · License #RRE-RBS-LIC-70499
(406) 209-7248
Source:
Avatarrealtymt
Added: Jul 10
Changed: Aug 29
Last Checked: Aug 7 at 3:03AM
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 - Kalispell
Investment Insights
Based on property information with market context.
This 2007 flex property combines more than 3,500 square feet of office area with a nearly 1,000-square-foot heated shop. The office component includes 11 private offices, 6 oversized cubicles, a conference room, reception area, two break areas, community office space, a server room, and 2 bathrooms. The shop adds a large bay door, bathroom space, and a work and storage room. The interior and exterior are described as being in immaculate condition.
Two combined units are included, with separate entrances for each and the ability to return them to individual office units. The property also provides 8 deeded parking spaces and visibility from West Reserve Drive. Zoning is Industrial - Light, I-1.
Two combined units are included, with separate entrances for each and the ability to return them to individual office units. The property also provides 8 deeded parking spaces and visibility from West Reserve Drive. Zoning is Industrial - Light, I-1.
Key Highlights
- More than 3,500 square feet of office space plus a nearly 1,000‑square‑foot heated shop
- Office layout includes 11 private offices and 6 oversized cubicles
- Shop features a large bay door, bathroom space, and work/storage room
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
$53,359
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
3.56%
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%
$1,067,180
$1.1M
Cap Rate 7%
$762,271
$762.3K
Cap Rate 9%
$592,878
$592.9K
Market Conditions
NOI Build-Up for 4,500 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
$83.7K $18.60/SF
− Vacancy
−$12.6K −$2.79/SF
EGI
$71.1K $15.81/SF
− OpEx
−$17.8K −$3.95/SF
NOI
$53.4K $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%
$1,067,180
Cap Rate 7%
$762,271
Cap Rate 9%
$592,878
Alternative Uses
Best Use
Office B
$762.3K
$667.0K – $889.3K
NOI $53,359 @ 7.0% cap · market cap 3.56%
Second Best
Flex RnD
$589.2K
$515.5K – $687.4K
NOI $41,243 @ 7.0% cap · market cap 2.75%
Theoretical Best
Office A
$1.00M
$879.1K – $1.17M
NOI $70,330 @ 7.0% cap · market cap 4.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3
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
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flexible commercial configuration combines private offices, workspace, and a dedicated heated shop for owner-user or leasing applications.
Where is this flex space located?
The property is located at 102 Cooperative Way #B C F Kalispell, MT.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: More than 3,500 square feet of office space plus a nearly 1,000‑square‑foot heated shop; Office layout includes 11 private offices and 6 oversized cubicles; Shop features a large bay door, bathroom space, and work/storage room
