Six-Office Downtown
For Sale
$625,000
736 S Main St, Kalispell, MT 59901
R5 zoning supports office, residential, or mixed-use configurations.
Property Size2,360 SF
Price / SF$264.83
Days on Market42
Property Features for 736 S Main St
General Information
Standard status
Active
Size
2,360 SF
Zoning
R5
Additional Details
Office Units
6
Building Details
Year Built
1930
Listing Agency:
Silvercreek Realty Group LLC - MT
(406) 218-6537
Listed By:
Nathan Feliksa · License #RRE-RBS-LIC-127518
Source:
Mtranchsales
Added: Jul 20
Changed: Aug 29
Last Checked: Aug 25 at 5:12AM
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 Silvercreek Realty Group LLC - MT
Investment Insights
Based on property information with market context.
Built in 1930, this 2,360-square-foot office building at 736 S Main St includes six private offices and two bathrooms. The layout provides an established professional setting with flexibility for office, residential, or mixed-use configurations under R5 zoning.
Alley access and on-site parking support day-to-day convenience. The property is a 3-minute walk from the Flathead County Courthouse in downtown Kalispell, placing professional, administrative, and service-oriented uses near a central civic destination.
Alley access and on-site parking support day-to-day convenience. The property is a 3-minute walk from the Flathead County Courthouse in downtown Kalispell, placing professional, administrative, and service-oriented uses near a central civic destination.
Key Highlights
- 2,360‑square‑foot office building constructed in 1930
- Six private office spaces and two bathrooms
- R5 zoning supports office, residential, or mixed‑use configurations
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
$27,984
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
4.48%
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%
$559,680
$559.7K
Cap Rate 7%
$399,771
$399.8K
Cap Rate 9%
$310,933
$310.9K
Market Conditions
NOI Build-Up for 2,360 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
$43.9K $18.60/SF
− Vacancy
−$6.6K −$2.79/SF
EGI
$37.3K $15.81/SF
− OpEx
−$9.3K −$3.95/SF
NOI
$28.0K $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%
$559,680
Cap Rate 7%
$399,771
Cap Rate 9%
$310,933
Alternative Uses
Best Use
Office B
$399.8K
$349.8K – $466.4K
NOI $27,984 @ 7.0% cap · market cap 4.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$526.9K
$461.1K – $614.7K
NOI $36,884 @ 7.0% cap · market cap 5.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Office units
Location Intelligence
Trade Area within ½ mile
1,716
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?
Office building - R5 zoning supports office, residential, or mixed-use configurations.
Where is this office building located?
The property is located at 736 S Main St Kalispell, MT.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 2,360‑square‑foot office building constructed in 1930; Six private office spaces and two bathrooms; R5 zoning supports office, residential, or mixed‑use configurations
