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    555 Corporate Dr Kalispell, MT 59901
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    Property profile & analytics

    555 Corporate Dr, Kalispell, MT 59901

    View on Map
    • Office buildings
    • 35,198 SF
    • 5.86 lot acres
    For Lease
    $22 SF/Yr
    View Listing →
    Kalispell Office Space For Rent For Lease
    $22 SF/Yr
    53,354 SF

    Kalispell Office Space For Rent

    Up to 53,354 SF of office space available for rent.

    555 Corporate Drive, Kalispell, MT 59901
    View Listing
    Property ID
    US52-0221955
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Taurus Flood: National Flood Services / Insurance Agency
    • The Hive / Daycare Center
    • Granite Technology Solutions / Telecommunications Service Provider / Computer Consultant

    Property Details for 555 Corporate Dr

    Year built
    1997
    Construction
    WOOD
    Lot size
    5.86 lot acres
    Property type
    Office buildings
    APN
    07-3965-12-4-02-17-0000
    APU
    7396512402170000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 18, 2022 — Kalispell Office Realty LLC Kalispell Re Holding LLC Warranty Deed $7.9M · Farmers State Bank
    Sep 9, 2019 — Kalispell Re Holding LLC National Flood Services LLC Warranty Deed $6.3M · Glacier Bank
    Jun 25, 2009 — Stoneriver National Flood Services National Flood Services INC Quit Claim Deed · related —

    Description

    This exceptional Class B executive office building, located at 555 Corporate Drive in Flathead County, offers up to 53,354 square feet of flexible space available across two levels. The property sits on a generous 5.88-acre lot and features a single building with multiple suites. Ample parking is provided with 400 spaces available. The building boasts convenient access to Highway 93 and is situated near the city center, offering employees easy commutes and proximity to amenities such as health clubs. Security features include secure badge entry to suites. The building is equipped for modern business needs, including three-phase electric power (three sources), two large backup generators, and existing fiber optic data infrastructure with substantial bandwidth. The space is handicap accessible and includes a cafeteria. Furthermore, the building offers a variety of existing office furniture, including newer partitions, desks, and cabinets, allowing for adaptable configurations. Some suites also feature pre-installed audio/visual infrastructure, making them ideal for presentations or meetings. The large square footage also makes this property suitable for businesses requiring significant record storage. The property's Commercial zoning ensures a wide range of potential uses. The APN is 07396512402170000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Kalispell
    County
    Flathead
    State
    Montana
    Longitude
    -114.338
    Latitude
    48.2005
    CBSA code
    28060
    CBSA name
    KALISPELL, MT MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $122,147
    $0.00
    $0.00
    $11,203,400
    -
    $408,872
    $10,794,528
    $11,203,400

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      Kalispell Office Space For Rent

      Up to 53,354 SF of office space available for rent.
      555 Corporate Dr, Kalispell, MT 59901
      View Details
    • $0.06 SF/Yr
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      Kalispell Office Building - Prime Location

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    View Listing
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    Kalispell, MT 59901
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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