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    5020 93 Highway S unit 2 Whitefish, MT 59937

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    For Lease
    $15 SF/Yr $15,000/Mo (calc)

    COMMERCIAL - Whitefish, MT

    Property size:
    12,000 SF
    Lot size:
    1.71 Acres
    Added:
    Oct 31, 2025
    Days on Market:
    183
    Last Refresh:
    May 1 at 1:06 pm

    Property Features for 5020 93 Highway S unit 2

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    0000672000
    Size
    12,000 SF
    Lot size
    1.71 Acres

    Taxes and HOA fees

    Tax Description
    S24, T30 N, R22 W, ACRES 3.42, COS 20122-C, TR 3CA IN SW4SE4, ASSR #0000672000

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Varies by Unit

    We can help!

    Listing Contact
    Michael Reams

    Listing agent Michael Reams License #BRO-79158

    Listing office Starner Commercial Real Estate 1276 N 15th Ave, Suite 103, Bozeman, MT

    Listing date Oct 31, 2025

    MLS# 406789

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

    Overview

    Highway Frontage Warehouse Near Whitefish

    Located along U.S. Highway 93 S, just two miles from Whitefish and four miles from Kalispell, this 12,000+/- SF clear-span pre-engineered metal building offers visibility and access in one of the Flathead Valley's most active commercial corridors. Constructed in 2016, the 150' x 80' structure features 30-foot clear heights and three grade-level roll-up doors, providing functionality for warehousing, equipment sales, or a wide range of commercial and light industrial uses. The yard area is designed for 53' truck access and equipment storage, with ample parking and circulation area. The 1.71-acre site boasts 303 feet of Highway 93 frontage and a 26,386 AADT traffic count. It also features signage and direct highway access, and is located 7.5 miles from Glacier Park International Airport (FCA).
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Map

    City
    Whitefish
    County
    Flathead
    State
    Montana
    Longitude
    -114.583
    Latitude
    48.5029

    Nearby Similar for Lease

    • $28 SF/Yr

      Whitefish Class A Office Space

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      High-Traffic Whitefish Shopping Center

      Neighborhood shopping center with high visibility and strong local market.
      6475 US Highway 93 S, Whitefish, MT
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      Whitefish Manufacturing and Office Space

      48,000 SF manufacturing and office building for lease.
      500 Label Ln, Whitefish, MT 59937
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      Prime Retail Space in Whitefish

      Downtown Whitefish retail space near Glacier National Park.
      250 E Second St, Whitefish, MT 59937
      View Details

    FAQs

    What type of property is this?
    Warehouse - 12,000 SF warehouse with highway frontage near Whitefish, MT.
    Where is this warehouse located?
    The property is located at 5020 93 Highway S unit 2 Whitefish, MT.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Prime Highway 93 Frontage: High visibility with 303 feet of frontage and 26,386 AADT traffic count.; Strategic Location: Situated between Whitefish and Kalispell, offering easy access to both cities and only 7.5 miles from Glacier Park International Airport.; Versatile Clear‑Span Building: 12,000+\/- SF pre‑engineered metal building with 30‑foot clear heights suitable for warehousing, equipment sales, or light industrial uses.
    (406) 451-8283
    We can help!
    Listing Contact
    Michael Reams
    Real Estate License ID: BRO-79158
    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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    5020 93 Highway S unit: 2, Whitefish, MT 59937

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