Building Details

Year built 1985

Listing Agency: eXp Realty - Kalispell m***@exprealty.net Show Phone

Listed By: Amy L Kelly · License #RRE-RBS-LIC-32279 Show Phone

Added: Jun 4 Changed: Oct 14 Last Checked: Oct 15 at 12:06PM

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MLS# 30072364

Copyright © 2026 Montana Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Located in downtown Kalispell, this 1985 office building contains 12,274 square feet arranged as 11 office spaces. Shared facilities include a common area and client restrooms, while parking is provided on a private lot spanning 0.489 acres.

The property is fully leased and reports a 7.3% cap rate. Its office-suite configuration and shared amenities are established features of the building.

Key Highlights

• 11 office spaces in a 12,274‑square‑foot building
• Fully leased property with a 7.3% cap rate
• Private parking lot on 0.489 acres

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$145,539

Cap Rate

7.31%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,910,780 $2.9M

Cap Rate 7%

$2,079,129 $2.1M

Cap Rate 9%

$1,617,100 $1.6M

Market Conditions

NOI Build-Up for 12,274 SF

Gross rent

$228.3K $18.60/SF

− Vacancy

−$34.2K −$2.79/SF

EGI

$194.1K $15.81/SF

− OpEx

−$48.5K −$3.95/SF

NOI

$145.5K $11.86/SF

Area

Flathead County, MT

Vacancy

15.00%

Lease Rate

$18.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,910,780

Cap Rate 7%

$2,079,129

Cap Rate 9%

$1,617,100

Alternative Uses

Best Use

Office B

$2.08M

$1.82M – $2.43M (±1% cap)

NOI $145,539 @ 7.0% cap · market cap 7.31%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.74M

$2.40M – $3.20M (±1% cap)

NOI $191,828 @ 7.0% cap · market cap 9.64%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

The Nurturing Center Inc Charitable Organization Adolph & Bothwell Financial Financial Advisor Merlin Locate Services Law Firm Kelly A. Brewer, MSW Physician Intermountain Flathead Community ... Charitable Organization

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Parking Lot & Garage Grocery & Convenience Store Pet Store Nursing Home

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

Lease Details

11

Office units

100%

Occupancy

Location Intelligence

Trade Area within ½ mile

2,177

Businesses Nearby

Explore this area Business Placement

Demographics for 59901, MT

57,900

Population

25,154

Households

2.3

Avg Household Size

40

Median Age

33%

College-Educated

96%

High-School Grad

468.8 sq mi

ZIP Area

124

Density / Sq Mi

$70,391

Median Household Income

$38,073

Median Earnings

$1,052

Median Rent

$417,200

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 office buildings 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?

Office building - An occupied office property combines private suites with shared client amenities and dedicated lot parking.

Where is this office building located?

The property is located at 322 2nd Avenue W Kalispell, MT.

What is the asking price?

The asking price for this property is $1,990,000.

What are key features of this property?

This property features: 11 office spaces in a 12,274‑square‑foot building; Fully leased property with a 7.3% cap rate; Private parking lot on 0.489 acres