Fully Leased Medical Office
For Sale
$2,050,000
195 Commons Loop, Kalispell, MT 59901
CommercialSale, Kalispell, MT
Property Size5,700 SF
Lot Size0.47 Acres
Price / SF$359.65
Days on Market494
Property Features for 195 Commons Loop
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Business
Zoning description
B-1/PUD
Parking
23
Lot features
Landscaped, Sprinklers In Ground, Views, Level
View
Mountains
Directions
From Highway 93, east on Commons Way, then turn left to stay on Commons Way, just past Commons Loop to turn into property's parking lot on right.
Standard status
Active
APN
07396606216830000
Lot size
0.47 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot: 2 Block: 3 BUFFALO COMMONS PORTIONS OF PH 3 & PH 4
Tax Annual Amount
27594
Legal Description
Lot: 2 Block: 3 BUFFALO COMMONS PORTIONS OF PH 3 & PH 4
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Amenities
high-speed fiber-optic internet
Building Details
Year built
2004
Flooring type
Laminate, Carpet, Tile
Building materials
LogSiding
Roof type
Metal
Listing Agency:
PureWest Real Estate - Kal/Commercial
(406) 751-4330
Listed By:
David G Stone · License #RRE-BRO-LIC-12188
(406) 250-7249
Added: Apr 14, 2025
Changed: Aug 20
Last Checked: Aug 20 at 6:06PM
MLS# 30046213
Copyright © 2026 Montana Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 5,700-square-foot medical office property contains six professional suites, including three occupied by a dental office and three leased to medical and professional tenants. Constructed in 2004, the building features log siding, carpet, tile, laminate flooring, central air conditioning, and natural-gas forced-air heating. Public water and sewer serve the property, with a metal roof and high-speed fiber-optic internet also in place.
The 0.467-acre parcel is adjacent to the Logan Health Medical Center complex and sits near north Kalispell’s retail hub. Site improvements include a 7,000-square-foot parking lot, landscaped grounds, and underground sprinklers. Business zoning supports the property’s professional office use.
The 0.467-acre parcel is adjacent to the Logan Health Medical Center complex and sits near north Kalispell’s retail hub. Site improvements include a 7,000-square-foot parking lot, landscaped grounds, and underground sprinklers. Business zoning supports the property’s professional office use.
Key Highlights
- 5,700‑square‑foot medical office building constructed in 2004
- Six professional suites: three dental and three medical/professional
- Fully occupied with established professional tenancy
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
$71,748
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
3.50%
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%
$1,434,960
$1.4M
Cap Rate 7%
$1,024,971
$1.0M
Cap Rate 9%
$797,200
$797.2K
Market Conditions
NOI Build-Up for 5,700 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
$126.5K $22.20/SF
− Vacancy
−$7.0K −$1.22/SF
EGI
$119.6K $20.98/SF
− OpEx
−$47.8K −$8.39/SF
NOI
$71.7K $12.59/SF
Area
Flathead County, MT
Vacancy
5.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
40.00%
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%
$1,434,960
Cap Rate 7%
$1,024,971
Cap Rate 9%
$797,200
Alternative Uses
Best Use
Healthcare Medical
$1.02M
$896.9K – $1.20M
NOI $71,748 @ 7.0% cap · market cap 3.50%
Second Best
Office B
$965.5K
$844.9K – $1.13M
NOI $67,588 @ 7.0% cap · market cap 3.30%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $89,084 @ 7.0% cap · market cap 4.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Office units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
965
Businesses Nearby
Under-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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Six professional suites accommodate dental, medical, and other professional tenants in a well-maintained building with central air and forced-air heat.
Where is this medical office space located?
The property is located at 195 Commons Loop Kalispell, MT.
What is the asking price?
The asking price for this property is $2,050,000.
What are key features of this property?
This property features: 5,700‑square‑foot medical office building constructed in 2004; Six professional suites: three dental and three medical/professional; Fully occupied with established professional tenancy
