Build-to-Suit Office Condo
New
For Sale
$679,500
150 Timberwolf Pkwy, Kalispell, MT 59901
Shell office condominium with separate utility meters and flexible interior build-out potential.
Property Size2,296 SF
Price / SF$295.95
Days on Market2
Property Features for 150 Timberwolf Pkwy
General Information
Standard status
Active
Size
2,296 SF
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Amenities
high speed internet
large windows
Building Details
Year Built
2025
Tenancy
Multi
Listing Agency:
Revel Real Estate, Inc
(406) 461-2525
Listed By:
Brian Schlauch · License #RRE-RBS-LIC79543
Source:
Performance-realestate
Added: Aug 9
Changed: Aug 10
Last Checked: Aug 10 at 5:30AM
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 Revel Real Estate, Inc
Investment Insights
Based on property information with market context.
Suite C is a 2,296-square-foot shell condominium within a 2025 office building, offering an unfinished interior for a customized build-out. The unit includes separate water, electric, and gas meters, high-speed internet availability, 12-foot walls, large windows, and a concrete slab that has not yet been cast. These conditions support flexible planning for the interior configuration and finish package.
The property includes a private, illuminated parking lot and sits along the Highway 93 bypass, providing exposure for signage. Suite C is part of a recently established condominium association, with three other suites completed or nearing completion. The property is located on Montana State DNRC lease land and is subject to a sublease with the master lessee. Interior improvements are subject to the required builder arrangement described in the offering terms.
The property includes a private, illuminated parking lot and sits along the Highway 93 bypass, providing exposure for signage. Suite C is part of a recently established condominium association, with three other suites completed or nearing completion. The property is located on Montana State DNRC lease land and is subject to a sublease with the master lessee. Interior improvements are subject to the required builder arrangement described in the offering terms.
Key Highlights
- 2,296‑square‑foot shell office condominium identified as Suite C
- 2025‑built office property with 12‑foot walls
- Separate water, electric, and gas meters
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
$27,225
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
4.01%
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%
$544,500
$544.5K
Cap Rate 7%
$388,929
$388.9K
Cap Rate 9%
$302,500
$302.5K
Market Conditions
NOI Build-Up for 2,296 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
$42.7K $18.60/SF
− Vacancy
−$6.4K −$2.79/SF
EGI
$36.3K $15.81/SF
− OpEx
−$9.1K −$3.95/SF
NOI
$27.2K $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 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%
$544,500
Cap Rate 7%
$388,929
Cap Rate 9%
$302,500
Alternative Uses
Best Use
Office B
$388.9K
$340.3K – $453.8K
NOI $27,225 @ 7.0% cap · market cap 4.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$512.6K
$448.6K – $598.1K
NOI $35,884 @ 7.0% cap · market cap 5.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
316
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Shell office condominium with separate utility meters and flexible interior build-out potential.
Where is this office units located?
The property is located at 150 Timberwolf Pkwy Kalispell, MT.
What is the asking price?
The asking price for this property is $679,500.
What are key features of this property?
This property features: 2,296‑square‑foot shell office condominium identified as Suite C; 2025‑built office property with 12‑foot walls; Separate water, electric, and gas meters
