Single-Level Storefront
For Sale
$755,000
647 6th Avenue E, Kalispell, MT 59901
Kalispell, MT
Property Size3,841 SF
Price / SF$196.56
Days on Market47
Property Features for 647 6th Avenue E
General Information
Property type
Commercial Sale
Property subtype
Retail
Standard status
Active
Building Details
Year built
1958
Listing Agency:
Engel & Volkers Kalispell · Engel & Völkers
(406) 300-1790
Listed By:
Alice J Brotnov · License #62874
Added: Jul 15
Changed: Aug 24
Last Checked: Aug 30 at 4:06PM
MLS# 30054388
Copyright © 2026 Engel & Völkers. 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.
This one-story storefront property offers 3,841 square feet of interior space, a garage area, and a practical commercial layout. The building was constructed in 1958 and occupies a corner lot with 12 parking spaces. Its broad floor plan may accommodate uses identified in the source information, including medical, retail, salon, chiropractic, laundry, and convenience-store operations.
The property is located at 647 6th Avenue E in Kalispell, within the city’s historic east side. The surrounding setting combines businesses, residential homes, and condominiums, creating a mixed-use neighborhood context for a range of commercial applications.
The property is located at 647 6th Avenue E in Kalispell, within the city’s historic east side. The surrounding setting combines businesses, residential homes, and condominiums, creating a mixed-use neighborhood context for a range of commercial applications.
Key Highlights
- 3,841‑square‑foot commercial building on a corner lot
- Single‑level interior with a garage area
- 12 on‑site parking spaces
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
$54,487
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
7.22%
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%
$1,089,740
$1.1M
Cap Rate 7%
$778,386
$778.4K
Cap Rate 9%
$605,411
$605.4K
Market Conditions
NOI Build-Up for 3,841 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
$80.7K $21.00/SF
− Vacancy
−$2.8K −$0.74/SF
EGI
$77.8K $20.27/SF
− OpEx
−$23.4K −$6.08/SF
NOI
$54.5K $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%
$1,089,740
Cap Rate 7%
$778,386
Cap Rate 9%
$605,411
Alternative Uses
Best Use
Retail
$778.4K
$681.1K – $908.1K
NOI $54,487 @ 7.0% cap · market cap 7.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$857.6K
$750.4K – $1.00M
NOI $60,030 @ 7.0% cap · market cap 7.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,287
Businesses Nearby
3k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Wells Fargo
Shops & Services
2,980 visits/mo
0.4 miles
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 Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - One-level commercial building with garage space and on-site parking.
Where is this storefront property located?
The property is located at 647 6th Avenue E Kalispell, MT.
What is the asking price?
The asking price for this property is $755,000.
What are key features of this property?
This property features: 3,841‑square‑foot commercial building on a corner lot; Single‑level interior with a garage area; 12 on‑site parking spaces
