Double-Warehouse Flex
For Sale
$989,000
31566 S Ferndale Dr, Bigfork, MT 59911
Two warehouse/shop buildings totaling 6,535 SF with multiple garage doors and several flexible shop configurations.
Property Size6,535 SF
Price / SF$151.34
Days on Market41
Property Features for 31566 S Ferndale Dr
General Information
Standard status
Active
Size
6,535 SF
Additional Details
Heavy Power
Yes
Building Details
Year Built
1997
Listing Agency:
Berkshire Hathaway HomeServices - Bigfork
Listed By:
Gabriel Broughton · License #RRE-RBS-LIC-89686
(406) 837-1800
Source:
Beckmansrealestatemt
Added: Jul 24
Changed: Jul 25
Last Checked: Sep 1 at 8:42PM
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 Berkshire Hathaway HomeServices - Bigfork
Investment Insights
Based on property information with market context.
This double-building flex facility offers a total of 6,535 square feet of warehouse and shop space. The front building includes two expansive shop areas measuring 28x70 and 35x90 for a combined 5,110 SF. The rear building includes two additional shop areas measuring 25x27 for a total of 1,425 SF. A garage door divides the structure into two separate sections, adding operational flexibility.
The larger building is equipped with radiant tube heat in one bay, 3-phase power, a built-in drain system, an upstairs office, and a half bath. The arrangement also supports the potential to configure the property into four individual rental units.
The property is located at 31566 S Ferndale Dr, Bigfork, MT 59911. The seller notes there is no HOA, covenants, or zoning.
The larger building is equipped with radiant tube heat in one bay, 3-phase power, a built-in drain system, an upstairs office, and a half bath. The arrangement also supports the potential to configure the property into four individual rental units.
The property is located at 31566 S Ferndale Dr, Bigfork, MT 59911. The seller notes there is no HOA, covenants, or zoning.
Key Highlights
- Two warehouse/shop buildings totaling 6,535 SF, built in 1997
- Front building offers two shop spaces: 28x70 (1,960 SF) and 35x90 (3,150 SF) for 5,110 SF total
- Rear building includes two shop areas: 25x27 each, totaling 1,425 SF
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
$59,893
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
6.06%
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%
$1,197,860
$1.2M
Cap Rate 7%
$855,614
$855.6K
Cap Rate 9%
$665,478
$665.5K
Market Conditions
NOI Build-Up for 6,535 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
$98.0K $15.00/SF
− Vacancy
−$5.9K −$0.90/SF
EGI
$92.1K $14.10/SF
− OpEx
−$32.3K −$4.94/SF
NOI
$59.9K $9.17/SF
Area
Flathead County, MT
Vacancy
6.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
35.00%
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%
$1,197,860
Cap Rate 7%
$855,614
Cap Rate 9%
$665,478
Alternative Uses
Best Use
Flex RnD
$855.6K
$748.7K – $998.2K
NOI $59,893 @ 7.0% cap · market cap 6.06%
Second Best
Warehouse
$682.0K
$596.8K – $795.7K
NOI $47,743 @ 7.0% cap · market cap 4.83%
Theoretical Best
Office A
$1.46M
$1.28M – $1.70M
NOI $102,134 @ 7.0% cap · market cap 10.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
32
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 59911, MT
8,722
Population
5,707
Households
1.5
Avg Household Size
55
Median Age
50%
College-Educated
98%
High-School Grad
491.7 sq mi
ZIP Area
18
Density / Sq Mi
$81,846
Median Household Income
$37,500
Median Earnings
$1,158
Median Rent
$608,000
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Two warehouse/shop buildings totaling 6,535 SF with multiple garage doors and several flexible shop configurations.
Where is this flex space located?
The property is located at 31566 S Ferndale Dr Bigfork, MT.
What is the asking price?
The asking price for this property is $989,000.
What are key features of this property?
This property features: Two warehouse/shop buildings totaling 6,535 SF, built in 1997; Front building offers two shop spaces: 28x70 (1,960 SF) and 35x90 (3,150 SF) for 5,110 SF total; Rear building includes two shop areas: 25x27 each, totaling 1,425 SF
