Renovated Flex with Leased
20 2nd Avenue E Kalispell, MT 59901
For Sale
Contact for pricing
Extensively renovated flex building includes temperature-controlled showroom/office areas and a rear warehouse with roll-up door.
Property Size7,400 SF
Price / SF$283.78
Days on Market70
Property Features for 20 2nd Avenue E
General Information
- Standard status
- Active
- Size
- 7,400 SF
- Property subtype
- Retail, Office, Industrial
Building Details
- Year Built
- 1985
Listing Agency:
406Jill LLC
(406) 253-0676
Listed By:
Jill Hinrichs · License #RRE-BRO-LIC 108207
Source:
Crexi
Added: May 16
Changed: Jul 23
Last Checked: Jul 23 at 6:10PM
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 406Jill LLC
Investment Insights
Based on property information with market context.
This extensively renovated commercial flex property totals 7,400 square feet and is arranged with a front wing and a rear warehouse wing. The front wing includes a modern showroom, a sales-floor office, an executive conference room with a built-in table, a restroom, a guest/staff kitchenette, and a welcoming lobby. Four private office suites each have separate entrances, and the property also features smart switches, automatic lobby door locks, and temperature-controlled suite environments. The rear wing is a temperature-controlled warehouse with a 12' x 12' roll-up door.
The building is supported by off-street parking on the north, west, and unmarked south side. Convenient access is available to Highway 93 and Highway 2.
Four office suites are currently leased: Suites A, B, and C operate under gross leases, and Suite D is on a month-to-month gross lease. Each suite is temperature controlled and has its own access points to internet services. Tenants and their business/inventory do not convey with the sale.
The building is supported by off-street parking on the north, west, and unmarked south side. Convenient access is available to Highway 93 and Highway 2.
Four office suites are currently leased: Suites A, B, and C operate under gross leases, and Suite D is on a month-to-month gross lease. Each suite is temperature controlled and has its own access points to internet services. Tenants and their business/inventory do not convey with the sale.
Key Highlights
- 7,400 SF extensively renovated commercial building remodeled in 2024 in Kalispell
- Front wing includes modern showroom, sales floor office, executive conference room, lobby, kitchenette, and restrooms
- Four private office suites (each temperature‑controlled) with separate entrances and independent internet access
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $155.4k | $21.00 |
| − Vacancy | −$5.4k | −$0.74 |
| EGI | $150.0k | $20.27 |
| − OpEx | −$45.0k | −$6.08 |
| NOI | $105.0k | $14.19 |
7,400 SF · lease $21.00/SF/yr · vacancy 3.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.50M
$1.31M – $1.75M
NOI $104,973 @ 7.0% cap · market cap 5.00%
Second Best
Office B
$1.25M
$1.10M – $1.46M
NOI $87,746 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$1.65M
$1.45M – $1.93M
NOI $115,653 @ 7.0% cap · market cap 5.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Northwest Automotive
Auto Repair Shop
Similar Off Market Nearby
- Mavericks Mobile Bartending — 45 6th Ave W, Kalispell, MT 59901
- Gina MacNeil Catering for All Occasions — kalispell, mt 59901
- Mother Chorizo’s Latin American Cuisine — 305 2nd Ave W, Kalispell, MT 59901
- Gina MacNeil Catering — kalispell, mt 59901
- Gina MacNeil Catering for All Occasions — 1 S Main St, Kalispell, MT 59901
FAQs
What type of property is this?
Flex space - Extensively renovated flex building includes temperature-controlled showroom/office areas and a rear warehouse with roll-up door.
Where is this flex space located?
The property is located at 20 2nd Avenue E Kalispell, MT.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 7,400 SF extensively renovated commercial building remodeled in 2024 in Kalispell; Front wing includes modern showroom, sales floor office, executive conference room, lobby, kitchenette, and restrooms; Four private office suites (each temperature‑controlled) with separate entrances and independent internet access
