Corner Flex Space with Overhead
For Sale
$799,000
1805 Baker Avenue, Whitefish, MT 59937
Flex space in WB-2 zoning within the Casino Overlay District, with city water and sewer and office space.
Property Size2,052 SF
Days on Market156
Property Features for 1805 Baker Avenue
General Information
Standard status
Active
Size
2,052 SF
Property subtype
Building/Land
Zoning
WB-2
Site & Location
Road Access
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$4,188
Amenities
high ceilings
overhead door
office space
heat
restroom
city water & sewer
Building Details
Building Size
2,052 SF
Year Built
1972
Listing Agency:
Glacier Park Realty
(406) 212-6600
Listed By:
Joey Michael Dauenhauer · License #RRE-RBS-LIC-16088
(406) 212-6600
Source:
Nationalparksrealty
Added: Mar 7
Changed: Aug 7
Last Checked: Aug 10 at 9:48AM
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 Glacier Park Realty
Investment Insights
Based on property information with market context.
This flex space offers a corner commercial location with high ceilings and an overhead door, supported by office space and a restroom. The building includes heat and city water and sewer, providing core utilities for a range of commercial uses. A clean Phase I environmental report is on file.
The property is located on Baker Avenue in the City of Whitefish, with strong traffic counts and excellent access. Zoning is WB-2 within the Casino Overlay District, supporting multiple use possibilities for retail, service, and other commercial operations.
Built in 1972, the building’s layout combines functional warehouse/flex space with dedicated office space, making it suitable for tenants looking for both work area and administrative support in a high-exposure corner setting.
The property is located on Baker Avenue in the City of Whitefish, with strong traffic counts and excellent access. Zoning is WB-2 within the Casino Overlay District, supporting multiple use possibilities for retail, service, and other commercial operations.
Built in 1972, the building’s layout combines functional warehouse/flex space with dedicated office space, making it suitable for tenants looking for both work area and administrative support in a high-exposure corner setting.
Key Highlights
- Corner commercial location on Baker Avenue in the City of Whitefish
- WB‑2 zoning within the Casino Overlay District with multiple use possibilities
- Overhead door and high ceilings for flexible warehouse or service use
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
$29,109
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
3.64%
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%
$582,180
$582.2K
Cap Rate 7%
$415,843
$415.8K
Cap Rate 9%
$323,433
$323.4K
Market Conditions
NOI Build-Up for 2,052 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
$43.1K $21.00/SF
− Vacancy
−$1.5K −$0.74/SF
EGI
$41.6K $20.27/SF
− OpEx
−$12.5K −$6.08/SF
NOI
$29.1K $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%
$582,180
Cap Rate 7%
$415,843
Cap Rate 9%
$323,433
Alternative Uses
Best Use
Retail
$415.8K
$363.9K – $485.2K
NOI $29,109 @ 7.0% cap · market cap 3.64%
Second Best
Office B
$347.6K
$304.2K – $405.5K
NOI $24,332 @ 7.0% cap · market cap 3.05%
Theoretical Best
Office A
$458.1K
$400.9K – $534.5K
NOI $32,070 @ 7.0% cap · market cap 4.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,071
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 59937, MT
14,354
Population
8,744
Households
1.6
Avg Household Size
45
Median Age
51%
College-Educated
97%
High-School Grad
310.5 sq mi
ZIP Area
46
Density / Sq Mi
$75,512
Median Household Income
$43,105
Median Earnings
$1,335
Median Rent
$654,800
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Whitefish Catering — 6570 US-93 South, Whitefish, MT 59937
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- Brooklyn Rolls Catering — 6479 Highway 93 South 309, Whitefish, MT 59937
Frequently Asked Questions
What type of property is this?
Flex space - Flex space in WB-2 zoning within the Casino Overlay District, with city water and sewer and office space.
Where is this flex space located?
The property is located at 1805 Baker Avenue Whitefish, MT.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Corner commercial location on Baker Avenue in the City of Whitefish; WB‑2 zoning within the Casino Overlay District with multiple use possibilities; Overhead door and high ceilings for flexible warehouse or service use
