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    The Largest CRE Database in the US with Over 1 Million Listings

    206 Lupfer Ave, Unit 102 Whitefish, MT 59937

    Sponsored
    For Sale
    $1,100,000

    SINGLE_FAMILY - Whitefish, MT

    Type:Retail
    Lot size:
    0.01 Acres
    Days on Market:
    56
    Last Refresh:
    Feb 11 at 11:06 am

    Property Features for 206 Lupfer Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Residential
    Property subtype
    Retail
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    Commercial
    APN
    07429236143107102
    Parking features
    On Street
    Interior features
    OpenFloorplan
    Exterior features
    Awnings, Courtyard
    Lot size
    0.01 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2021
    Number of units
    1
    Building materials
    Brick, WoodFrame

    We can help!

    Listing Contact
    Heidi Santone

    Clearwater Montana Properties, Inc (406) 677-3000

    Listing agent Heidi Santone (406) 387-8787 License #RRE-RBS-LIC-108923

    Listing date Dec 18, 2025

    MLS# 30056999

    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.

    Learn more

    Property Insight Report

    Overview

    Downtown Whitefish Commercial Condo

    Located in downtown Whitefish, this commercial condominium offers 1,176 square feet of ground-floor space. The property currently houses the Nancy Cawdrey Gallery and features two rooms. It includes access to two bathrooms shared with one neighboring unit. An outdoor patio enhances the property. Part of a building with thirteen residential and three commercial units, this space benefits from a built-in customer base and steady foot traffic. The flexible layout is suitable for various uses, including a retail boutique, gallery, cafe, bar, or tasting room. This Whitefish property presents a business opportunity in a sought-after downtown area. The lot size is 0.011 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Courtney Wright, Revel ... Real Estate Agency Revel Real Estate Real Estate Agency Cawdrey Gallery Art Gallery Liz McGavin, Revel ... Real Estate Agency Oppenheimer Funds Inc Financial Advisor

    Suggested Use

    Law Firm Restaurant Real Estate Agency Dental Office Hair Salon Spa & Massage Center Nail Salon Building Supply Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Whitefish
    County
    Flathead
    State
    Montana
    Longitude
    -114.3399665
    Latitude
    48.41033017

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    FAQs

    What type of property is this?
    Retail space - Versatile commercial condo in downtown Whitefish, Montana.
    Where is this retail space located?
    The property is located at 206 Lupfer Ave, Unit 102 Whitefish, MT.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: - Prime downtown Whitefish location with high visibility and steady foot traffic.; - Versatile 1,176 SF ground-floor commercial condominium suitable for various business types (retail, gallery, cafe, etc.).; - Part of a distinctive building with a built-in customer base from thirteen residential units.
    (406) 387-8787
    Request Owner's contact information
    206 Lupfer Ave, Unit 102 Whitefish, MT 59937
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    Whitefish, MT 59937
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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
    206 Lupfer Ave, Unit 102 Whitefish, MT 59937
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    We can help!
    Listing Contact
    Heidi Santone
    Real Estate License ID: RRE-RBS-LIC-108923
    (406) 387-8787
    Learn more
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