20 Four Mile DrKalispell, MT 59901

Property Details for 20 Four Mile Dr

Year built

2007

Construction

WOOD

Property size (Sq ft)

2,059 SF

Property type

Office properties

APN

07-3965-01-1-16-15-7015

APU

7396501116157015

Description

This exceptional investment opportunity presents a 2,059 square foot professional office space located at 20 Four Mile Drive, Unit One, Kalispell, Montana. Situated in a prime North Kalispell location, this property benefits from high visibility on a significant Highway 93 traffic corridor, offering excellent exposure for any business. The unit is part of a well-maintained 16-unit professional office park known as the Greenery, providing a professional and attractive setting. Currently leased to a national financial tenant under a triple-net (NNN) lease agreement extending through April 2026, with extension options already requested, ensuring long-term stability and predictable income. The lease boasts a 6.4% capitalization rate, making this a highly attractive investment. The property features convenient shared paved parking, elevator and stair access for accessibility, and four common area restrooms. The 2024 Condominium Owners Association (COA) fee is $9,389, and a special assessment of $2,579 is also in place for 2024. Detailed financial information is available upon request with a signed Non-Disclosure Agreement (NDA). This is a rare opportunity to acquire a stable, high-return investment property in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $388,279

  6.5%

  $358,412

  7%

  $332,811

• Comparable approach

  Method

  Valuation

  Relative Method

  $438,999

  Geo Method

  $438,999

• Alternative Use

  Use

  Valuation

  Residential Income

  $444,430

  Hospitality / Lodging

  $407,096

  Institutional / Educational

  $338,699

  Healthcare / Senior Housing

  $350,347

  Retail / Commercial

  $526,865

Location Insight

City

Kalispell

County

Flathead

State

Montana

Latitude

48.2255

Longitude

-114.333

CBSA code

28060

CBSA name

KALISPELL, MT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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