Two-Unit Office
For Sale
$415,000
191 Jewel Basin, Bigfork, MT 59911
Separate entrances, shared support areas, an outdoor patio, and Swan Mountain views create a flexible office configuration.
Property Size1,439 SF
Price / SF$288.39
Days on Market41
Property Features for 191 Jewel Basin
General Information
Standard status
Active
Size
1,439 SF
Property subtype
Commercial
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Office Units
2
Taxes and HOA fees
Annual Taxes
$1,867
Amenities
common foyer
bathrooms
kitchen
outdoor patio
Building Details
Year Built
2006
Tenancy
Single
Owner Occupied
No
Listing Agency:
National Parks Realty - Bigfork
(406) 253-4115
Listed By:
Tara Harbin · License #RRE-BRO-LIC-62607
Source:
Clearwaterproperties
Added: Jul 21
Changed: Aug 29
Last Checked: Aug 28 at 11:41AM
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 National Parks Realty - Bigfork
Investment Insights
Based on property information with market context.
This office property comprises 2 commercial condo units totaling 1,439 square feet, offered together within Riley Creek Condos. Each unit has a separate entrance, while a common foyer connects the shared bathrooms and kitchen. The layout supports independent occupancy of the units, and a tenant currently leases both spaces. The property was built in 2006.
An outdoor patio provides a setting for meetings with Swan Mountain views. The site has direct access to Highways 35 and 83, connecting with Kalispell and the broader Flathead Valley. The two-unit arrangement accommodates continued single-tenant use or separate occupancy, subject to the existing tenancy and applicable property requirements.
An outdoor patio provides a setting for meetings with Swan Mountain views. The site has direct access to Highways 35 and 83, connecting with Kalispell and the broader Flathead Valley. The two-unit arrangement accommodates continued single-tenant use or separate occupancy, subject to the existing tenancy and applicable property requirements.
Key Highlights
- 2 commercial condo units sold together
- 1,439 square feet within Riley Creek Condos
- Separate entrance for each unit
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
$17,063
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
4.11%
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%
$341,260
$341.3K
Cap Rate 7%
$243,757
$243.8K
Cap Rate 9%
$189,589
$189.6K
Market Conditions
NOI Build-Up for 1,439 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
$26.8K $18.60/SF
− Vacancy
−$4.0K −$2.79/SF
EGI
$22.8K $15.81/SF
− OpEx
−$5.7K −$3.95/SF
NOI
$17.1K $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%
$341,260
Cap Rate 7%
$243,757
Cap Rate 9%
$189,589
Alternative Uses
Best Use
Office B
$243.8K
$213.3K – $284.4K
NOI $17,063 @ 7.0% cap · market cap 4.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$321.3K
$281.1K – $374.8K
NOI $22,490 @ 7.0% cap · market cap 5.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Office units
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
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 Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Separate entrances, shared support areas, an outdoor patio, and Swan Mountain views create a flexible office configuration.
Where is this office units located?
The property is located at 191 Jewel Basin Bigfork, MT.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: 2 commercial condo units sold together; 1,439 square feet within Riley Creek Condos; Separate entrance for each unit
