Two-Story Office
New
For Sale
$1,425,000
65 Commons, Kalispell, MT 59901
Flexible professional workspace with private offices, reception areas, conference facilities, and accessible restrooms.
Property Size5,412 SF
Price / SF$263.30
Days on Market2
Property Features for 65 Commons
General Information
Standard status
Active
Size
5,412 SF
Property subtype
Commercial
Additional Details
Office Units
12
Taxes and HOA fees
Annual Taxes
$25,725
Building Details
Year Built
2004
Listing Agency:
Coldwell Banker Mountain Properties
Listed By:
Becky Study · License #88666
Source:
Clearwaterproperties
Added: Sep 6
Last Checked: Sep 6 at 2:17PM
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.
Built in 2004, this 5,412-square-foot office property provides a two-level professional setting with 12 office suites. The main floor includes seven private offices, a reception area, conference room, equipment and storage space, and ADA-accessible restrooms. Upstairs are five additional offices, waiting areas, and restrooms arranged around an open atrium with architectural beams and natural light.
The property is located at 65 Commons in Kalispell, near Logan Health, medical offices, and other established businesses. Its layout supports separate suites, shared professional facilities, or a combination of occupied and leased space. The building’s configuration is suited to a range of office-based operations, including medical, legal, accounting, financial, engineering, architectural, counseling, and executive users.
The property is located at 65 Commons in Kalispell, near Logan Health, medical offices, and other established businesses. Its layout supports separate suites, shared professional facilities, or a combination of occupied and leased space. The building’s configuration is suited to a range of office-based operations, including medical, legal, accounting, financial, engineering, architectural, counseling, and executive users.
Key Highlights
- 5,412‑square‑foot office building constructed in 2004
- 12 office suites across two levels
- Main level includes 7 private offices, reception, conference room, and storage
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
$64,173
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
4.50%
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%
$1,283,460
$1.3M
Cap Rate 7%
$916,757
$916.8K
Cap Rate 9%
$713,033
$713.0K
Market Conditions
NOI Build-Up for 5,412 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
$100.7K $18.60/SF
− Vacancy
−$15.1K −$2.79/SF
EGI
$85.6K $15.81/SF
− OpEx
−$21.4K −$3.95/SF
NOI
$64.2K $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 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%
$1,283,460
Cap Rate 7%
$916,757
Cap Rate 9%
$713,033
Alternative Uses
Best Use
Office B
$916.8K
$802.2K – $1.07M
NOI $64,173 @ 7.0% cap · market cap 4.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,583 @ 7.0% cap · market cap 5.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
12
Office units
Location Intelligence
Trade Area within ½ mile
1,194
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Flexible professional workspace with private offices, reception areas, conference facilities, and accessible restrooms.
Where is this office building located?
The property is located at 65 Commons Kalispell, MT.
What is the asking price?
The asking price for this property is $1,425,000.
What are key features of this property?
This property features: 5,412‑square‑foot office building constructed in 2004; 12 office suites across two levels; Main level includes 7 private offices, reception, conference room, and storage
