Historic Mixed-Use
For Sale
$1,885,000
7 S Main St, Kalispell, MT 59901
Updated building systems support flexible commercial use alongside three downtown apartments.
Property Size8,600 SF
Price / SF$219.19
Days on Market106
Property Features for 7 S Main St
General Information
Standard status
Active
Size
8,600 SF
Additional Details
Road Access
Yes
Building Details
Year Built
1900
Buildings
1
Tenancy
Multi
Listing Agency:
National Parks Realty - Whitefish
(406) 871-0372
Listed By:
Sonja Burgard · License #RRE-BRO-LIC-70871
Source:
Beckmansrealestatemt
Added: May 17
Changed: Aug 30
Last Checked: Jul 17 at 4:23AM
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 National Parks Realty - Whitefish
Investment Insights
Based on property information with market context.
Built in 1900, this 8,600-square-foot mixed-use property combines commercial space with three residential apartments. Improvements include updated electrical, plumbing, heating, and air conditioning systems, as well as new windows. The retail and lower-level areas are currently occupied by a dance company, while the commercial component can accommodate retail, studio, office, hospitality, or experiential business uses as supported by the source information.
The property is located at 7 S Main Street in downtown Kalispell, within an established setting of restaurants, retail businesses, and arts activity. Main Street exposure and pedestrian presence add to the commercial character of the property. The residential component provides a downtown housing element, with long-term, nightly, or weekly rental possibilities subject to local regulations.
The property is located at 7 S Main Street in downtown Kalispell, within an established setting of restaurants, retail businesses, and arts activity. Main Street exposure and pedestrian presence add to the commercial character of the property. The residential component provides a downtown housing element, with long-term, nightly, or weekly rental possibilities subject to local regulations.
Key Highlights
- 8,600‑square‑foot mixed‑use property with commercial space and three residential apartments
- Constructed in 1900 with updated electrical, plumbing, heating, and air conditioning systems
- New windows included among the property improvements
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
$121,995
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
6.47%
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%
$2,439,900
$2.4M
Cap Rate 7%
$1,742,786
$1.7M
Cap Rate 9%
$1,355,500
$1.4M
Market Conditions
NOI Build-Up for 8,600 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
$180.6K $21.00/SF
− Vacancy
−$6.3K −$0.74/SF
EGI
$174.3K $20.27/SF
− OpEx
−$52.3K −$6.08/SF
NOI
$122.0K $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%
$2,439,900
Cap Rate 7%
$1,742,786
Cap Rate 9%
$1,355,500
Alternative Uses
Best Use
Retail
$1.74M
$1.52M – $2.03M
NOI $121,995 @ 7.0% cap · market cap 6.47%
Second Best
Multifamily LT 5
$1.23M
$1.08M – $1.44M
NOI $86,237 @ 7.0% cap · market cap 4.57%
Theoretical Best
Office A
$1.92M
$1.68M – $2.24M
NOI $134,408 @ 7.0% cap · market cap 7.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,043
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 Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Updated building systems support flexible commercial use alongside three downtown apartments.
Where is this mixed-use property located?
The property is located at 7 S Main St Kalispell, MT.
What is the asking price?
The asking price for this property is $1,885,000.
What are key features of this property?
This property features: 8,600‑square‑foot mixed‑use property with commercial space and three residential apartments; Constructed in 1900 with updated electrical, plumbing, heating, and air conditioning systems; New windows included among the property improvements
