Columbia Falls Commercial Redevelopment
For Sale
Contact for pricing
307 Nucleus Avenue, Columbia Falls, MT 59912
Prime commercial building with redevelopment potential in historic Columbia Falls.
Property Size7,624 SF
Price / SF$112.80
Days on Market165
Property Features for 307 Nucleus Avenue
General Information
Standard status
Active
Size
7,624 SF
Property subtype
Mixed Use
Zoning
Commercial
Building Details
Year Built
1961
Listing Agency:
SVN PureWest Commercial Real Estate.
(406) 890-4157
Listed By:
Megan Koontz · License #RRE-RBS-LIC-71404
Source:
Crexi
Added: Feb 27
Changed: Aug 8
Last Checked: Jul 3 at 12:20PM
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 SVN PureWest Commercial Real Estate.
Investment Insights
Based on property information with market context.
This commercial building is located on Nucleus Avenue in historic Columbia Falls. The property offers frontage and exposure to daily traffic. The building's layout features high ceilings and an open-span design. The property is suited for retail, brewery, taproom, restaurant, gym, indoor recreation, pickleball facility, market hall, or mixed-use commercial conversion. The new zoning allows for 6-foot height limits and top floor views of nearby Glacier National Park. The property is surrounded by established businesses, residential areas, and tourism destinations. The building has a footprint of 7,624 square feet and is located in a growing community within the Flathead Valley. The property is suitable for owner-users or investors seeking value-add upside.
Key Highlights
- Prime commercial location on highly visible Nucleus Avenue in historic Columbia Falls.
- Flexible redevelopment potential for various uses.
- New zoning allows for 6‑story height limits and potential Glacier National Park views.
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
$53,749
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
6.25%
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%
$1,074,980
$1.1M
Cap Rate 7%
$767,843
$767.8K
Cap Rate 9%
$597,211
$597.2K
Market Conditions
NOI Build-Up for 7,624 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
$91.5K $12.00/SF
− Vacancy
−$5.5K −$0.72/SF
EGI
$86.0K $11.28/SF
− OpEx
−$32.2K −$4.23/SF
NOI
$53.7K $7.05/SF
Area
Flathead County, MT
Vacancy
6.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
37.50%
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%
$1,074,980
Cap Rate 7%
$767,843
Cap Rate 9%
$597,211
Alternative Uses
Best Use
Retail
$1.54M
$1.35M – $1.80M
NOI $108,150 @ 7.0% cap · market cap 12.58%
Second Best
Mixed Use
$767.8K
$671.9K – $895.8K
NOI $53,749 @ 7.0% cap · market cap 6.25%
Theoretical Best
Office A
$1.70M
$1.49M – $1.99M
NOI $119,154 @ 7.0% cap · market cap 13.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
403
Businesses Nearby
16k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 83%
Dining 17%
Exxon
Shops & Services
9,362 visits/mo
0.4 miles
Town Pump
Shops & Services
4,281 visits/mo
0.5 miles
Pizza Hut
Dining
1,834 visits/mo
0.5 miles
Domino's Pizza
Dining
1,009 visits/mo
0.5 miles
Demographics for 59912, MT
15,395
Population
6,831
Households
2.3
Avg Household Size
43
Median Age
31%
College-Educated
93%
High-School Grad
188.9 sq mi
ZIP Area
81
Density / Sq Mi
$73,515
Median Household Income
$38,529
Median Earnings
$1,052
Median Rent
$438,000
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Prime commercial building with redevelopment potential in historic Columbia Falls.
Where is this mixed-use property located?
The property is located at 307 Nucleus Avenue Columbia Falls, MT.
What is the asking price?
The asking price for this property is $860,000.
What are key features of this property?
This property features: Prime commercial location on highly visible Nucleus Avenue in historic Columbia Falls.; Flexible redevelopment potential for various uses.; New zoning allows for 6‑story height limits and potential Glacier National Park views.
