Industrial Flex Building with
21 Meridian Ct Kalispell, MT 59901
New
21 Meridian Ct, Kalispell, MT, 59901
$1,454,000
For Sale
$1,454,000
Fully leased 2024-built flex facility features four units, each with a restroom, office, and 11' garage doors.
Property Size4,102 SF
Price / SF$354.46
Days on Market3
Property Features for 21 Meridian Ct
General Information
- Standard status
- Active
- Size
- 4,102 SF
Building Details
- Year Built
- 2024
Listing agency
Coldwell Banker Mountain Properties
(406) 249-2244
Listed by
Cecil Waatti, Matthew J Waatti
Source
Beckmansrealestatemt
Added: Jul 21 Updated: Jul 22 at 7:22PM Checked: Jul 22 at 7:22PM
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 Coldwell Banker Mountain Properties
Investment Insights
Based on property information with market context.
This fully leased industrial flex building was built in 2024 and totals 4,102 SF. The property is configured as four separate units, and each unit includes a restroom, an office, and an 11' garage door. Off-street parking is provided for tenant use, and a property management company is in place.
The building is zoned B2 and is offered for sale. Listing agents have ownership in the property.
The building is zoned B2 and is offered for sale. Listing agents have ownership in the property.
Key Highlights
- Fully leased industrial flex building built in 2024
- 4,102 SF building on B2 zoning
- Four units, each with a restroom and an office
Local Financial Insights For Office B
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 | $76.3k | $18.60 |
| − Vacancy | −$11.4k | −$2.79 |
| EGI | $64.9k | $15.81 |
| − OpEx | −$16.2k | −$3.95 |
| NOI | $48.6k | $11.86 |
4,102 SF · lease $18.60/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$694.8K
$608.0K – $810.7K
NOI $48,639 @ 7.0% cap · market cap 3.35%
Second Best
Flex RnD
$537.1K
$469.9K – $626.6K
NOI $37,595 @ 7.0% cap · market cap 2.59%
Theoretical Best
Office A
$915.8K
$801.4K – $1.07M
NOI $64,109 @ 7.0% cap · market cap 4.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Northern Roots Chiropractic
Alternative Medicine Practice
Kalispell Asian Spa
Alternative Medicine Practice
Armory Athletic Club
Gym & Fitness Center
Montec Electric
Electrical Service
Similar For Sale Nearby
Similar Off Market Nearby
- Mavericks Mobile Bartending — 45 6th Ave W, Kalispell, MT 59901
FAQs
What type of property is this?
Flex space - Fully leased 2024-built flex facility features four units, each with a restroom, office, and 11' garage doors.
Where is this flex space located?
The property is located at 21 Meridian Ct Kalispell, MT.
What is the asking price?
The asking price for this property is $1,454,000.
What are key features of this property?
This property features: Fully leased industrial flex building built in 2024; 4,102 SF building on B2 zoning; Four units, each with a restroom and an office
