Fenced Flex Space with Covered
15 S Meridian Road, Kalispell, MT 59901
For Sale
$735,000
CommercialSale, Kalispell, MT
Property Size2,982 SF
Lot Size0.60 Acres
Price / SF$246.48
Days on Market50
Property Features for 15 S Meridian Road
General Information
Property type
Property subtype
Zoning
Zoning description
Parking features
Lot features
Directions
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Water source
Building Details
Year built
Building materials
Listing Agency:
PureWest Real Estate Kalispell
(406) 751-5600
Listed By:
Wendy R Brown · License MT RRE-BRO-LIC-16871
(406) 249-0266
Added: Sep 22
Changed: Nov 2
Last Checked: Nov 10 at 11:06PM
MLS# 30078220
Copyright © 2026 Montana Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,982-square-foot flex property sits on a 0.60-acre parcel within Kalispell city limits. The 1945 wood-frame building has wood siding and ductless heating, with public water service. Perimeter fencing secures the site, which includes five covered parking bays and an open-sided cover for equipment storage.
Access is available from the street or alley through an easement. The property is near Meridian and Center streets, with gated parking and a driveway.
Access is available from the street or alley through an easement. The property is near Meridian and Center streets, with gated parking and a driveway.
Key Highlights
- 2,982 square feet of shop space on a 0.60‑acre parcel
- Five covered parking bays plus an open‑sided cover
- Perimeter fencing and gated parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,330
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$546,600
$546.6K
Cap Rate 7%
$390,429
$390.4K
Cap Rate 9%
$303,667
$303.7K
Market Conditions
NOI Build-Up for 2,982 SF
Gross rent
$44.7K $15.00/SF
− Vacancy
−$2.7K −$0.90/SF
EGI
$42.0K $14.10/SF
− OpEx
−$14.7K −$4.94/SF
NOI
$27.3K $9.17/SF
Area
Flathead County, MT
Vacancy
6.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$546,600
Cap Rate 7%
$390,429
Cap Rate 9%
$303,667
Alternative Uses
Best Use
Flex RnD
$390.4K
$341.6K – $455.5K
NOI $27,330 @ 7.0% cap · market cap 3.72%
Second Best
Industrial
$256.3K
$224.3K – $299.0K
NOI $17,941 @ 7.0% cap · market cap 2.44%
Theoretical Best
Office A
$665.8K
$582.6K – $776.8K
NOI $46,605 @ 7.0% cap · market cap 6.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
708
Businesses Nearby
Well-served
Demand for This Use
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
$417,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Kalispell, MT
Properties on Market for Flex space in Kalispell
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Gina MacNeil Catering for All Occasions — kalispell, mt 59901
- Gina MacNeil Catering — kalispell, mt 59901
- Mother Chorizo’s Latin American Cuisine — 305 2nd Ave W, Kalispell, MT 59901
- Mavericks Mobile Bartending — 45 6th Ave W, Kalispell, MT 59901
- Taste This! — 460 1st Ave E N, Kalispell, MT 59901, United States
Frequently Asked Questions
What type of property is this?
Flex space - A gated setup combines shop area, covered storage, and access from the street or alley.
Where is this flex space located?
The property is located at 15 S Meridian Road Kalispell, MT.
What is the asking price?
The asking price for this property is $735,000.
What are key features of this property?
This property features: 2,982 square feet of shop space on a 0.60‑acre parcel; Five covered parking bays plus an open‑sided cover; Perimeter fencing and gated parking
