Aviation Facility With
New
For Sale
$2,750,000
1893 Airport Rd, Kalispell, MT 59901
Airport-connected industrial property combines aircraft storage, manufacturing space, fuel service, offices, and living accommodations.
Property Size21,147 SF
Price / SF$130.04
Days on Market6
Property Features for 1893 Airport Rd
General Information
Standard status
Active
Size
21,147 SF
Building Details
Year Built
1964
Listing Agency:
Flathead Valley Brokers
(406) 471-1626
Listed By:
Linda Pistorese, Joe Pistorese · License #RRE-RBS-LIC-89621
Source:
Mtranchsales
Added: Aug 25
Changed: Aug 30
Last Checked: Aug 30 at 5:44AM
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 Flathead Valley Brokers
Investment Insights
Based on property information with market context.
Located at 1893 Airport Road in Kalispell, this aviation-focused property combines aircraft storage, industrial improvements, fuel infrastructure, office space, and living accommodations. Five hangars provide a combined 14,664 square feet, alongside a 3,350-square-foot manufacturing facility and an avionics shop. The property also includes a fuel island with 12,000-gallon AVgas capacity and 5,000-gallon Jet A capacity.
The 1.51-acre site has direct access to Kalispell City Airport and includes I-1 Light Industrial zoning. Airport facilities include a 3,700-foot runway with a 500-foot overrun and airport identifier 527. Hangar improvements include doors and clearances ranging from 8 feet 8 inches to 20 feet, with the largest hangar measuring 104 feet wide. Additional improvements include offices and living facilities with a kitchen, bathroom, bedroom, and sleeping loft.
The 1.51-acre site has direct access to Kalispell City Airport and includes I-1 Light Industrial zoning. Airport facilities include a 3,700-foot runway with a 500-foot overrun and airport identifier 527. Hangar improvements include doors and clearances ranging from 8 feet 8 inches to 20 feet, with the largest hangar measuring 104 feet wide. Additional improvements include offices and living facilities with a kitchen, bathroom, bedroom, and sleeping loft.
Key Highlights
- Five hangars totaling 14,664 SF
- 3,350 SF manufacturing facility with avionics shop
- 12,000‑gallon AVgas and 5,000‑gallon Jet A fuel capacity
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
$250,751
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
9.12%
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%
$5,015,020
$5.0M
Cap Rate 7%
$3,582,157
$3.6M
Cap Rate 9%
$2,786,122
$2.8M
Market Conditions
NOI Build-Up for 21,147 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
$393.3K $18.60/SF
− Vacancy
−$59.0K −$2.79/SF
EGI
$334.3K $15.81/SF
− OpEx
−$83.6K −$3.95/SF
NOI
$250.8K $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%
$5,015,020
Cap Rate 7%
$3,582,157
Cap Rate 9%
$2,786,122
Alternative Uses
Best Use
Office B
$3.58M
$3.13M – $4.18M
NOI $250,751 @ 7.0% cap · market cap 9.12%
Second Best
Warehouse
$2.21M
$1.93M – $2.57M
NOI $154,495 @ 7.0% cap · market cap 5.62%
Theoretical Best
Office A
$4.72M
$4.13M – $5.51M
NOI $330,502 @ 7.0% cap · market cap 12.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
333
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?
Aviation real estate - Airport-connected industrial property combines aircraft storage, manufacturing space, fuel service, offices, and living accommodations.
Where is this aviation real estate located?
The property is located at 1893 Airport Rd Kalispell, MT.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Five hangars totaling 14,664 SF; 3,350 SF manufacturing facility with avionics shop; 12,000‑gallon AVgas and 5,000‑gallon Jet A fuel capacity
