Industrial Warehouse with Highway
For Sale
Contact for pricing
1943 Mt Highway 35, Kalispell, MT 59901
Versatile industrial warehouse suitable for manufacturing, distribution, or storage.
Property Size9,000 SF
Price / SF$194.44
Days on Market158
Property Features for 1943 Mt Highway 35
General Information
Standard status
Active
Size
9,000 SF
Property subtype
Mixed Use
Building Details
Year Built
2004
Listing Agency:
Glacier Sotheby's International Realty
(406) 871-5141
Listed By:
Katherine Conrad · License #RRE-BRO-LIC-108906
Source:
Crexi
Added: Mar 6
Changed: Aug 9
Last Checked: Aug 9 at 1:12PM
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 Sotheby's International Realty
Investment Insights
Based on property information with market context.
This versatile industrial warehouse offers prime highway frontage, providing excellent visibility and access. The 9,000-square-foot building, previously used for plastics manufacturing, features substantial electrical capacity suitable for manufacturing, distribution, or storage purposes. The property includes dedicated office space and a flexible warehouse layout. An interior garage door allows the building to be divided into two separate spaces if desired. Ample on-site parking and convenient access for trucks make this property ideal for owner-users or investors seeking a functional industrial facility.
Key Highlights
- Prime highway frontage provides excellent visibility and access.
- Substantial electrical capacity suitable for manufacturing, distribution, or storage.
- Flexible warehouse layout adaptable to various uses.
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
$106,718
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
6.10%
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%
$2,134,360
$2.1M
Cap Rate 7%
$1,524,543
$1.5M
Cap Rate 9%
$1,185,756
$1.2M
Market Conditions
NOI Build-Up for 9,000 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
$167.4K $18.60/SF
− Vacancy
−$25.1K −$2.79/SF
EGI
$142.3K $15.81/SF
− OpEx
−$35.6K −$3.95/SF
NOI
$106.7K $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%
$2,134,360
Cap Rate 7%
$1,524,543
Cap Rate 9%
$1,185,756
Alternative Uses
Best Use
Office B
$1.52M
$1.33M – $1.78M
NOI $106,718 @ 7.0% cap · market cap 6.10%
Second Best
Warehouse
$939.3K
$821.9K – $1.10M
NOI $65,752 @ 7.0% cap · market cap 3.76%
Theoretical Best
Office A
$2.01M
$1.76M – $2.34M
NOI $140,659 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
46
Businesses Nearby
Well-served
Demand for This Use
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?
Warehouse - Versatile industrial warehouse suitable for manufacturing, distribution, or storage.
Where is this warehouse located?
The property is located at 1943 Mt Highway 35 Kalispell, MT.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Prime highway frontage provides **excellent visibility and access**.; Substantial electrical capacity suitable for manufacturing, distribution, or storage.; Flexible warehouse layout adaptable to various uses.
