Building Details

Year Built 2024

Buildings 1

Stories 2

Units 1

Listing Agency: Kelly Right Real Estate

Listed By: Natalie Idleman · License #RRE-RBS-LIC-111438

Source: Crexi

Added: Apr 5 Changed: Aug 29 Last Checked: Aug 29 at 6:50PM

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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 Kelly Right Real Estate

Investment Insights

Based on property information with market context.

Completed in 2024, this two-level live-work space combines a commercial main floor with private residential quarters above. The approximately 1,000-square-foot lower level includes a bathroom, a separate customer entrance, and water connections plus provisions for a future kitchenette. The upper floor offers two bedrooms, two bathrooms, vaulted ceilings, substantial natural light, and a private balcony with downtown views.

The property encompasses 2,000 square feet at 207 Stoner Loop in Lakeside, Montana. Residential + Commercial zoning permits nightly and weekly rentals, adding flexibility to the property’s use. Its configuration supports a range of business and residential arrangements without separating the two functions across different locations.

Key Highlights

• 2,000‑square‑foot live‑work property completed in 2024
• ~1,000 sq. ft. main level configured for retail or commercial use
• Main level includes a bathroom, private client entry, and water hookups

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

$28,371

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

4.08%

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%

$567,420 $567.4K

Cap Rate 7%

$405,300 $405.3K

Cap Rate 9%

$315,233 $315.2K

Market Conditions

NOI Build-Up for 2,000 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

$42.0K $21.00/SF

− Vacancy

−$1.5K −$0.74/SF

EGI

$40.5K $20.27/SF

− OpEx

−$12.2K −$6.08/SF

NOI

$28.4K $14.19/SF

Area

Flathead County, MT

Vacancy

3.50%

Lease Rate

$21.00 /SF/Yr

Expense Ratio

30.00%

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%

$567,420

Cap Rate 7%

$405,300

Cap Rate 9%

$315,233

Alternative Uses

Best Use

Retail

$405.3K

$354.6K – $472.9K (±1% cap)

NOI $28,371 @ 7.0% cap · market cap 4.08%

Second Best

Office B

$338.8K

$296.4K – $395.3K (±1% cap)

NOI $23,715 @ 7.0% cap · market cap 3.41%

Theoretical Best

Office A

$446.5K

$390.7K – $521.0K (±1% cap)

NOI $31,258 @ 7.0% cap · market cap 4.50%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Live-work space

Suggested Use

Top Pick Electrical Service (Bike/Boat/Book/etc) Store Garden Center Carpet & Flooring Store Veterinary Clinic Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

199

Businesses Nearby

Explore this area Business Placement

Demographics for 59922, MT

2,643

Population

1,450

Households

1.8

Avg Household Size

49

Median Age

30%

College-Educated

96%

High-School Grad

38.2 sq mi

ZIP Area

69

Density / Sq Mi

$79,608

Median Household Income

$42,026

Median Earnings

$549,100

Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

Questions? Ask Rey

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What type of property is this? Where is this live-work space located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Live-work space - Residential + Commercial zoning accompanies a dedicated commercial level and private residential quarters.

Where is this live-work space located?

The property is located at 207 Stoner Loop Lakeside, MT.

What is the asking price?

The asking price for this property is $695,000.

What are key features of this property?

This property features: 2,000‑square‑foot live‑work property completed in 2024; ~1,000 sq. ft. main level configured for retail or commercial use; Main level includes a bathroom, private client entry, and water hookups