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    Waterfront Land with Mountain Views Title is generated by Realmo AI

    1165 Kootenai River Road, Libby, MT 59923

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    Claim this Listing
    For Sale
    $1,650,000

    LAND - Libby, MT

    Lot size:
    15.46 Acres
    Added:
    Mar 18, 2026
    Days on Market:
    66
    Last Refresh:
    May 22 at 12:06 am

    Property Features for 1165 Kootenai River Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    56428333102120000
    Lot size
    15.46 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    S33, T31N, R31W, COS 3610 Parcels A-1, B-1, C-1, and D-1 Additional Assr#s: 0000015166, 0000050060, 0000013137
    Tax Annual Amount
    5044

    Utilities

    Sewer type
    Private Sewer, Septic Tank
    Water source
    Well
    Water front features
    Navigable Water, River Front, Waterfront
    Water front
    1

    Building Details

    Additional Structures
    Shed(s)

    We can help!

    Listing Contact
    Tiffany Rietema

    Listing agent Tiffany Rietema License #RRE-BRO-LIC-135855

    Listing office PureWest Real Estate - Kalispell 17 1st Ave E, Kalispell, MT

    Listing date Mar 18, 2026

    MLS# 30067086 Listing URL

    Copyright © 2026 Montana Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Over 15 acres of waterfront property with 1500+ feet of Kootenai River frontage.
    • Four separate parcels offering investment potential, building site, or recreational use.
    • Minutes from town with easy year‑round access and no HOA or covenants.
    • Original farmhouse with inviting living space, pellet stove, and river‑view balcony.
    • Older barn converted to 3‑car garage plus shop/gardening shed with woodstove.
    • Priced well under recent appraisal.

    Overview

    This property features four separate waterfront parcels totaling over 15 acres. The land offers mountain views and over 1500 feet of Kootenai River frontage. It is located minutes from town with year-round access. The property has investment potential and could be used to build a home or as a recreational getaway. There is no HOA or covenants. The original farmhouse on parcel B includes a living space with a pellet stove and beamed ceiling. The main level contains a kitchen, dining area, and full bathroom. Upstairs, there are three bedrooms, a second full bath, and access to the upper balcony overlooking the river. The full, partially finished basement includes laundry, a family room, utilities, and storage. An older barn is used as garage parking with room for three cars, plus a shop/gardening shed/creative space with a woodstove. The river frontage is easily accessible, and a public boat ramp is located a few miles away. The property is located in Libby, Montana.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Nail Salon Auto Parts Store Hotel & Motel Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Libby
    County
    Lincoln
    State
    Montana
    Longitude
    -115.5677761
    Latitude
    48.4069136

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    FAQs

    What type of property is this?
    Waterfront Land - Over 15 acres of waterfront property on Kootenai River.
    Where is this waterfront land located?
    The property is located at 1165 Kootenai River Road Libby, MT.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: Over 15 acres of waterfront property with **1500+ feet of Kootenai River frontage.**; Four separate parcels offering investment potential, building site, or recreational use.; Minutes from town with easy year‑round access and no HOA or covenants.
    (406) 212-4252
    We can help!
    Listing Contact
    Tiffany Rietema
    Real Estate License ID: RRE-BRO-LIC-135855
    Learn More
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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.

    More about this property
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    1165 Kootenai River Road, Libby, MT 59923
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