For Sale
$675,000

20 Four Mile DrKalispell, MT 59901

6.2% Cap Rate, NNN Lease, 2,059 SF

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 2,059 square foot office condo in Kalispell, Montana, boasting a strong 6.2% cap rate. Located at 20 Four Mile Dr #1, this single-unit property features a Net Lease (NNN) with a corporate guarantee, providing financial security. The current lease, with a remaining term of approximately 1.4 years, extends to April 26, 2026, and includes options for extension. The tenant has occupied the space since March 1, 2014, demonstrating long-term commitment. Situated in a prime North Kalispell location on a major highway corridor, this property benefits from high visibility and traffic. The building, constructed in 2005 and renovated in 2023, is a two-story structure within a professionally managed condominium association. Amenities include shared paved parking, elevator and stair access, and four common area restrooms. The unit itself is handicap accessible and currently serves as professional office space for a financial institution. The asking price is $675,000, with a current Net Operating Income (NOI) of $40,146 and 95% occupancy. The property is zoned for Business/Kalispell R-5 PUD. This is an ideal investment for those seeking a stable, high-yield asset in a growing Montana market.

Highlights

  • 6.2% CAP Rate
  • Long-Term Lease in Place
  • High-Traffic Location
  • Strong Growth Potential in North Kalispell

Property Details for 20 Four Mile Dr

Property type
Office properties
Square Feet
2,059 SF
Year Built/Renovated
2005/2023
Buildings
1
Stories
2
Units
1

Location Insight

City
Kalispell
County
Flathead
State
Montana
Latitude
48.2254683
Longitude
-114.331193
20 Four Mile Dr, Kalispell, Montana

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
20 Four Mile Dr
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message