Kalispell Condo Suite
For Sale
Contact for pricing
150 Timberwolf Parkway Suite C, Kalispell, MT 59901
Shell condo suite ready for tailored build-out in prime location.
Property Size2,296 SF
Price / SF$295.95
Days on Market166
Property Features for 150 Timberwolf Parkway Suite C
General Information
Standard status
Active
Size
2,296 SF
Property subtype
Mixed Use
Building Details
Year Built
2025
Listing Agency:
Revel Real Estate, Inc
(406) 461-2525
Listed By:
Brian Schlauch · License #RRE-RBS-LIC 79543
Source:
Crexi
Added: Feb 26
Changed: Aug 8
Last Checked: Aug 10 at 1:25PM
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.
This 2296 square foot shell suite condominium offers an opportunity for a tailored build-out. Located in the heart of Kalispell's largest area of growth and development, the suite is part of a recently established Condo Association. The other three suites are completed or nearly complete. The suite has separate water, electric, and gas meters. High-speed internet is available. The suite features 12-foot high walls and a concrete slab that has yet to be cast, allowing for design flexibility. Large windows provide lighting, and there is a large, lit private parking lot. The building has a high-exposure location backing up to the Hwy 93 bypass for signage and advertising opportunities. The list price includes the shell cost only and includes build costs for the development of the property, building exterior facade, parking lot, trash enclosure, and landscaping. The property is located on MT State DNRC Lease land and is subject to a sublease with master lessee. The suite is ideal for business use.
Key Highlights
- Prime location in Kalispell's growth area with high exposure on Hwy 93 bypass for signage.
- Customizable 2296 sq ft shell suite ready for tailored design and build‑out.
- New construction (2025) with design flexibility due to 12' high walls and uncast concrete slab.
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
$32,570
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
4.79%
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%
$651,400
$651.4K
Cap Rate 7%
$465,286
$465.3K
Cap Rate 9%
$361,889
$361.9K
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
$48.2K $21.00/SF
− Vacancy
−$1.7K −$0.74/SF
EGI
$46.5K $20.27/SF
− OpEx
−$14.0K −$6.08/SF
NOI
$32.6K $14.19/SF
Area
Flathead County, MT
Vacancy
3.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
30.00%
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%
$651,400
Cap Rate 7%
$465,286
Cap Rate 9%
$361,889
Alternative Uses
Best Use
Retail
$465.3K
$407.1K – $542.8K
NOI $32,570 @ 7.0% cap · market cap 4.79%
Second Best
Office B
$388.9K
$340.3K – $453.8K
NOI $27,225 @ 7.0% cap · market cap 4.01%
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
Location Intelligence
Trade Area within ½ mile
198
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 condo suite ready for tailored build-out in prime location.
Where is this office units located?
The property is located at 150 Timberwolf Parkway Suite C 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: Prime location in Kalispell's growth area with high exposure on Hwy 93 bypass for signage.; Customizable 2296 sq ft shell suite ready for tailored design and build‑out.; New construction (2025) with design flexibility due to 12' high walls and uncast concrete slab.
