Flex Space with Covered
New
For Sale
$735,000
15 S Meridian Road, Kalispell, MT 59901
Fenced grounds, covered storage, and access from a street or alley support equipment storage.
Property Size2,982 SF
Lot Size0.60 Acres
Price / SF$246.48
Days on Market3
Property Features for 15 S Meridian Road
General Information
Standard status
Active
Size
2,982 SF
Total Parking Spaces
5
Lot size
0.60 Acres
Zoning
B-3
Site & Location
Road Access
Yes
Fenced Yard
Yes
Building Details
Year Built
1945
Listing Agency:
PureWest Real Estate - Kalispell
Listed By:
Wendy Brown · License ##RRE-BRO-LIC-16871
(406) 249-0266
Source:
Purewestrealestate
Added: Oct 7
Last Checked: Oct 7 at 2:54PM
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.
Built in 1945, this 2,982-square-foot flex property occupies a 0.60-acre parcel within Kalispell city limits. The site includes five covered parking bays and an open-sided shelter for equipment, with perimeter fencing around the property.
Access is available from the street or alley by easement. The property is zoned B-3 and sits just off Meridian and Center streets.
Access is available from the street or alley by easement. The property is zoned B-3 and sits just off Meridian and Center streets.
Key Highlights
- 2,982‑square‑foot flex space on a 0.60‑acre parcel
- Five covered parking bays for equipment storage
- Additional open‑sided covered area
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.
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Fenced grounds, covered storage, and access from a street or alley support equipment storage.
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‑foot flex space on a 0.60‑acre parcel; Five covered parking bays for equipment storage; Additional open‑sided covered area
