Retail Space With Shooting
New
For Sale
Contact for pricing
32 Western Village Lane, Columbia Falls, MT 59912
Purpose-built retail property with indoor ranges, classroom space, and an established firearms retail operation.
Property Size19,000 SF
Lot Size2.64 Acres
Price / SF$157.63
Days on Market7
Property Features for 32 Western Village Lane
General Information
Standard status
Active
Size
19,000 SF
Lot size
2.64 Acres
Property subtype
Retail, Industrial
Zoning
Scenic Corridor
Additional Details
Business Included
Yes
Building Details
Year Built
2006
Year Renovated
2013
Listing Agency:
Sterling CRE Advisors
(406) 360-3102
Listed By:
Claire Matten, CCIM/SIOR · License #RRE-BRO-LIC-90048
Source:
Crexi
Added: Aug 27
Changed: Aug 31
Last Checked: Aug 31 at 10:12PM
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 Sterling CRE Advisors
Investment Insights
Based on property information with market context.
This retail property is configured as an indoor shooting and firearms retail facility. The existing layout includes indoor pistol and rifle ranges, a tactical range, an on-site classroom, and storefront space for firearms, ammunition, optics, and related gear. The building was constructed in 2006 and is described as well maintained and purpose built for its current use.
The property occupies approximately 2.64 acres at 32 Western Village Lane in Columbia Falls, along the route toward Glacier National Park and on the Kalispell side of town. The current operation also includes firearm rentals, FFL transfer services, paid instruction, memberships, and online retail sales. Operating hours are Tuesday through Saturday from 12:00 PM to 6:00 PM. The site includes room for expansion, subject to applicable approvals.
The property occupies approximately 2.64 acres at 32 Western Village Lane in Columbia Falls, along the route toward Glacier National Park and on the Kalispell side of town. The current operation also includes firearm rentals, FFL transfer services, paid instruction, memberships, and online retail sales. Operating hours are Tuesday through Saturday from 12:00 PM to 6:00 PM. The site includes room for expansion, subject to applicable approvals.
Key Highlights
- Indoor pistol and rifle ranges plus a tactical range
- Retail storefront with firearms, ammunition, optics, and gear
- On‑site classroom supports paid instruction
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
$269,525
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
9.00%
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%
$5,390,500
$5.4M
Cap Rate 7%
$3,850,357
$3.9M
Cap Rate 9%
$2,994,722
$3.0M
Market Conditions
NOI Build-Up for 19,000 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
$399.0K $21.00/SF
− Vacancy
−$14.0K −$0.74/SF
EGI
$385.0K $20.27/SF
− OpEx
−$115.5K −$6.08/SF
NOI
$269.5K $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%
$5,390,500
Cap Rate 7%
$3,850,357
Cap Rate 9%
$2,994,722
Alternative Uses
Best Use
Retail
$3.85M
$3.37M – $4.49M
NOI $269,525 @ 7.0% cap · market cap 9.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.24M
$3.71M – $4.95M
NOI $296,947 @ 7.0% cap · market cap 9.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
80
Businesses Nearby
Explore this area
Business Placement
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?
Retail space - Purpose-built retail property with indoor ranges, classroom space, and an established firearms retail operation.
Where is this retail space located?
The property is located at 32 Western Village Lane Columbia Falls, MT.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: Indoor pistol and rifle ranges plus a tactical range; Retail storefront with firearms, ammunition, optics, and gear; On‑site classroom supports paid instruction
