Flex Space with Open
For Sale
$3,750,000
150 Hill Road, Bigfork, MT 59911
CommercialSale, Bigfork, MT
Property Size12,700 SF
Lot Size1.43 Acres
Price / SF$295.28
Days on Market90
Property Features for 150 Hill Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Industrial
Zoning description
Light Industrial
Parking features
Open, Garage
Interior features
OpenFloorplan, VaultedCeilings, WiredForData
Lot features
Level
View
Mountains
Elementary school district
District No. 38
Middle school district
District No. 38
High school district
District No. 38
Directions
Highway 83 to Hill Road to sign on left
Standard status
Active
APN
07383617402190000
Lot size
1.43 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SWAN RIVER CENTER 1, S17, T27 N, R19 W, Lot 003
Tax Annual Amount
13846
Legal Description
SWAN RIVER CENTER 1, S17, T27 N, R19 W, Lot 003
Utilities
Sewer type
Septic Tank, Private Sewer
Heating system
Forced Air, Electric (Heating)
Cooling system
Central Air
Water source
Private, Well
Building Details
Year built
2022
Flooring type
Concrete, Carpet
Building materials
FoamInsulation, MetalFrame, MetalSiding
Roof type
Metal
Listing Agency:
Glacier Sotheby's International Realty Bigfork
(406) 837-6100
Listed By:
Tom E Brown · License #RRE-BRO-LIC-6012
(406) 471-0630
Added: Jul 8
Changed: Oct 5
Last Checked: Oct 5 at 7:06AM
MLS# 30074411
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.
Investment Insights
Based on property information with market context.
This 12,700-square-foot flex property was built in 2022 and has an open floorplan, vaulted ceilings, and wired data. Construction includes a metal frame, metal siding, and foam insulation, with a metal roof and concrete and carpet flooring. Central air and forced-air electric heat serve the building. Parking includes garage and open spaces; water is supplied by a private well, and the property has a private septic system.
The property is at 150 Hill Road near Highway 83, in an industrial park outside Bigfork. Bigfork is about 10 minutes away, Kalispell and Columbia Falls are each about 30 minutes away, and Glacier Park International Airport is about 35 minutes away. The stated zoning is industrial, with the listing remarks identifying I-1 Light Industrial.
The property is at 150 Hill Road near Highway 83, in an industrial park outside Bigfork. Bigfork is about 10 minutes away, Kalispell and Columbia Falls are each about 30 minutes away, and Glacier Park International Airport is about 35 minutes away. The stated zoning is industrial, with the listing remarks identifying I-1 Light Industrial.
Key Highlights
- 12,700‑square‑foot flex property built in 2022
- Open floorplan, vaulted ceilings, and wired data
- Metal‑frame construction with metal siding, foam insulation, and a metal roof
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
$116,396
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
3.10%
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%
$2,327,920
$2.3M
Cap Rate 7%
$1,662,800
$1.7M
Cap Rate 9%
$1,293,289
$1.3M
Market Conditions
NOI Build-Up for 12,700 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
$190.5K $15.00/SF
− Vacancy
−$11.4K −$0.90/SF
EGI
$179.1K $14.10/SF
− OpEx
−$62.7K −$4.94/SF
NOI
$116.4K $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 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%
$2,327,920
Cap Rate 7%
$1,662,800
Cap Rate 9%
$1,293,289
Alternative Uses
Best Use
Flex RnD
$1.66M
$1.45M – $1.94M
NOI $116,396 @ 7.0% cap · market cap 3.10%
Second Best
Warehouse
$1.33M
$1.16M – $1.55M
NOI $92,783 @ 7.0% cap · market cap 2.47%
Theoretical Best
Office A
$2.84M
$2.48M – $3.31M
NOI $198,486 @ 7.0% cap · market cap 5.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
19
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 59911, MT
8,722
Population
5,707
Households
1.5
Avg Household Size
55
Median Age
50%
College-Educated
98%
High-School Grad
491.7 sq mi
ZIP Area
18
Density / Sq Mi
$81,846
Median Household Income
$37,500
Median Earnings
$1,158
Median Rent
$608,000
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Built in 2022, the light-industrial property includes wired data, central air, and forced-air heating.
Where is this flex space located?
The property is located at 150 Hill Road Bigfork, MT.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: 12,700‑square‑foot flex property built in 2022; Open floorplan, vaulted ceilings, and wired data; Metal‑frame construction with metal siding, foam insulation, and a metal roof
