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    Historic Garden Center Opportunity Title is generated by Realmo AI

    2205 MT Highway 35, Kalispell, MT 59901

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    For Sale
    $2,995,000

    SINGLE_FAMILY - Kalispell, MT

    Type:Retail
    Property size:
    19,000 SF
    Lot size:
    15.19 Acres
    Price / SF:
    $157/SF
    Added:
    Sep 2, 2025
    Days on Market:
    278
    Last Refresh:
    Jun 6 at 5:06 am

    Property Features for 2205 MT Highway 35

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Zoning
    Agricultural
    Standard status
    Active
    APN
    07396602102010000
    Size
    19,000 SF
    Lot size
    15.19 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    S02, T28 N, R21 W, C.O.S. 13493-1, TR 2A IN SW4NE4 & NW4SE4 (SELL W/TR 2J) TR 2J IN NW4SE4 (SELL W/TR 2A)
    Tax Annual Amount
    24747

    Building Details

    Year built
    1998

    We can help!

    Listing Contact
    David G Stone
    David G Stone

    Listing agent David G Stone License #RRE-BRO-LIC-12188

    Listing office PureWest Real Estate - Kal/Commercial 1204 1st Ave E, Kalispell, MT

    Listing date Sep 2, 2025

    MLS# 30056620

    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

    • 15‑acre property with established landscaping and gardening history.
    • Extensive infrastructure: 19k+ sf retail/indoor gardening space, 9500+ sf production/warehouse/maintenance space, and 67k sf of greenhouses.
    • Two robust wells with abundant water rights and redundant watering systems.
    • Solid foundation for renewal with all real estate and improvements included in the sale.
    • Previously a pivotal industry leader, supporting 45 employees at its peak.
    • Located in the Flathead Valley.

    Overview

    This 15-acre property presents a rare opportunity to own the historic Hooper's Garden Center, a renowned cornerstone of the Flathead's landscaping and gardening community. The property includes over 19,000 square feet of retail and indoor gardening space, along with over 9,500 square feet dedicated to production, warehouse, and maintenance operations. There are expansive greenhouses covering 67,000 square feet built on a full concrete foundation. The sale includes all real estate and improvements, offering a solid foundation for renewal. The property features two robust wells with abundant water rights and redundant watering systems. This location is suited for revitalization by a new owner with vision and capital. At its peak, the business supported 45 employees and served as a pivotal industry leader. This property is located in Kalispell, MT, in Flathead County.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $399.0k $21.00
    − Vacancy −$14.0k −$0.74
    EGI $385.0k $20.27
    − OpEx −$115.5k −$6.08
    NOI $269.5k $14.19
    19,000 SF · lease $21.00/SF/yr · vacancy 3.50% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $3.85M
    $3.37M – $4.49M (±1% cap)
    NOI $269,525 @ 7.0% cap · market cap 9.00%
    Second Best
    Warehouse
    $1.98M
    $1.74M – $2.31M (±1% cap)
    NOI $138,809 @ 7.0% cap · market cap 4.63%
    Theoretical Best
    Office A
    $4.24M
    $3.71M – $4.95M (±1% cap)
    NOI $296,947 @ 7.0% cap · market cap 9.91%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Nursery and garden centers

    Suggested Use

    Real Estate Agency Building Supply Auto Repair Shop Auto Parts Store Skin Care Clinic Food Market Grocery & Convenience Store Garden Center Electrical Service Computer & Electronic Repair

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

    Similar Places Nearby

    • Hooper's Garden Center — 2205 Montana Hwy 35, Kalispell, MT 59901

    Location Insight

    • Map
    • Local Demand
    City
    Kalispell
    County
    Flathead
    State
    Montana
    Longitude
    -114.2322062
    Latitude
    48.2184673

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    FAQs

    What type of property is this?
    Nursery and garden center - 15-acre property with retail, warehouse, and greenhouse space.
    Where is this nursery and garden center located?
    The property is located at 2205 MT Highway 35 Kalispell, MT.
    What is the asking price?
    The asking price for this property is $2,995,000.
    What are key features of this property?
    This property features: 15‑acre property with established landscaping and gardening history.; Extensive infrastructure: **19k+ sf retail/indoor gardening space, 9500+ sf production/warehouse/maintenance space, and 67k sf of greenhouses.**; Two robust wells with abundant water rights and redundant watering systems.
    (406) 250-7249
    We can help!
    Listing Contact
    David G Stone
    David G Stone
    Real Estate License ID: RRE-BRO-LIC-12188
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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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