Fully Leased Office
For Sale
$1,990,000
322 2nd Ave W, Kalispell, MT 59901
Multi-suite commercial property with private parking, shared common space, and client restrooms.
Property Size12,274 SF
Price / SF$162.13
Days on Market116
Property Features for 322 2nd Ave W
General Information
Standard status
Active
Size
12,274 SF
Occupancy
100%
Additional Details
Cap Rate
6.7%
Office Units
11
Amenities
common area
client bathrooms
Building Details
Year Built
1985
Listing Agency:
eXp Realty - Kalispell
Listed By:
Amy L Kelly · License #RRE-RBS-LIC-32279
(406) 261-5215
Source:
Mtranchsales
Added: Jun 16
Changed: Sep 13
Last Checked: Oct 7 at 1:08PM
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 eXp Realty - Kalispell
Investment Insights
Based on property information with market context.
Located at 322 2nd Avenue W in downtown Kalispell, this office building contains 12,274 square feet arranged across 11 office spaces. The property was built in 1985 and is fully rented, providing an established occupancy profile for an office-focused owner.
On-site features include a private parking lot, shared common area, and bathrooms for clients. The building is offered at a 6.7% cap rate and places multiple office suites within Kalispell’s downtown setting.
On-site features include a private parking lot, shared common area, and bathrooms for clients. The building is offered at a 6.7% cap rate and places multiple office suites within Kalispell’s downtown setting.
Key Highlights
- 12,274‑square‑foot office building in downtown Kalispell
- 11 office spaces within the building
- Fully rented commercial property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$145,539
Cap Rate
7.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,910,780
$2.9M
Cap Rate 7%
$2,079,129
$2.1M
Cap Rate 9%
$1,617,100
$1.6M
Market Conditions
NOI Build-Up for 12,274 SF
Gross rent
$228.3K $18.60/SF
− Vacancy
−$34.2K −$2.79/SF
EGI
$194.1K $15.81/SF
− OpEx
−$48.5K −$3.95/SF
NOI
$145.5K $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 Rate 5%
$2,910,780
Cap Rate 7%
$2,079,129
Cap Rate 9%
$1,617,100
Alternative Uses
Best Use
Office B
$2.08M
$1.82M – $2.43M
NOI $145,539 @ 7.0% cap · market cap 7.31%
Second Best
Mixed Use
$1.24M
$1.08M – $1.44M
NOI $86,532 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$2.74M
$2.40M – $3.20M
NOI $191,828 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
11
Office units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,177
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - Multi-suite commercial property with private parking, shared common space, and client restrooms.
Where is this office building located?
The property is located at 322 2nd Ave W Kalispell, MT.
What is the asking price?
The asking price for this property is $1,990,000.
What are key features of this property?
This property features: 12,274‑square‑foot office building in downtown Kalispell; 11 office spaces within the building; Fully rented commercial property
