2022 Flex Space
For Sale
$3,750,000
150 Hill Road, Bigfork, MT 59911
COMMERCIAL - Bigfork, MT
Property Size12,700 SF
Lot Size1.43 Acres
Price / SF$295.28
Days on Market43
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
Carpet, Concrete
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: Aug 19
Last Checked: Aug 19 at 5:06PM
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 space building was completed in 2022 and offers an adaptable commercial configuration for industrial, manufacturing, warehousing, distribution, service, showroom, and specialty operations. The property includes an open floor plan, vaulted ceilings, wired data infrastructure, concrete and carpeted flooring, central air, and forced-air electric heating. Metal framing, metal siding, foam insulation, and a metal roof complete the building system.
The facility is positioned in an industrial park just off Highway 83 near Bigfork, with access to Kalispell, Columbia Falls, Polson, Whitefish, the greater Flathead Valley, and Glacier Park International Airport. Water is supplied by a private well, while wastewater service is provided through a septic tank and private sewer. Open and garage parking are available.
The facility is positioned in an industrial park just off Highway 83 near Bigfork, with access to Kalispell, Columbia Falls, Polson, Whitefish, the greater Flathead Valley, and Glacier Park International Airport. Water is supplied by a private well, while wastewater service is provided through a septic tank and private sewer. Open and garage parking are available.
Key Highlights
- 12,700‑square‑foot commercial building completed in 2022
- Located just off Highway 83 near Bigfork
- Open floor plan with vaulted ceilings and wired data
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
Industrial
$1.09M
$955.1K – $1.27M
NOI $76,410 @ 7.0% cap · market cap 2.04%
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
Property Profile
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Newer commercial facility with open-plan interiors, vaulted ceilings, data wiring, and highway access near Bigfork.
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 commercial building completed in 2022; Located just off Highway 83 near Bigfork; Open floor plan with vaulted ceilings and wired data
