Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Kalispell Land with Valley Views Title is generated by Realmo AI

    294 Three Mile Drive, Kalispell, MT 59901

    View on Map
    Claim this Listing
    For Sale
    Under Contract
    $250,000

    LAND - Kalispell, MT

    Lot size:
    1.22 Acres
    Added:
    Mar 23, 2026
    Days on Market:
    60
    Last Refresh:
    May 21 at 8:06 pm

    Property Features for 294 Three Mile Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    APN
    07396512202100000
    Lot size
    1.22 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    S12, T28 N, R22 W, ACRES 1.22, CS 20920-1, TR 3C IN NW4NW4
    Tax Annual Amount
    739

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Heather Imig

    Listing agent Heather Imig License #RRE-RBS-LIC-109432

    Listing office eXp Realty - Kalispell 1205 S Main St Ste. 335, Kalispell, MT

    Listing date Mar 23, 2026

    MLS# 30066880 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

    • 1.22‑acre build‑ready parcel with unobstructed 360‑degree views of Flathead Valley and surrounding mountains.
    • Full city hookups (water, sewer, electric) available at the property line.
    • Located just outside city limits, offering convenience of utilities without city taxes.
    • Ideal for custom home with daylight basement, shop, guest house, terraces, and outdoor living spaces.
    • Excellent road access, minimal site prep, and abundant privacy.
    • Close to town amenities, schools, dining, and outdoor recreation.

    Overview

    This 1.22-acre parcel, located just outside city limits, is build-ready and offers full city hookups for water, sewer, and electric at the property line. The elevated, gently sloping terrain provides unobstructed 360-degree views of the Flathead Valley and surrounding mountain ridge-lines, with spectacular sunrises and sunsets. It is ideal for a custom home, daylight basement, shop, guest house, terraces, and expansive outdoor living spaces. The property features excellent road access, minimal site prep, and abundant privacy, with room for gardens, native landscaping, or small-scale agriculture. It is close to town amenities, schools, dining, and outdoor recreation, while offering tranquil, wide-open Montana living and exceptional stargazing. Zoned R-1, this property presents a rare opportunity to build modern comfort with panoramic valley vistas.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Kalispell
    County
    Flathead
    State
    Montana
    Longitude
    -114.3471711
    Latitude
    48.2106005

    Nearby Similar for Sale

    • $2,850,000
      6,000 SF

      Kalispell Commercial Condo Investment

      Long-term NNN lease with established orthodontic clinic.
      1256 North Meridian Road, Kalispell, MT 59901
      View Details
    • $550,000

      Kalispell Commercial Opportunity on Highway

      Commercial property along Highway 200 E in Kalispell, Montana.
      1001 Us Hwy 2 E, Kalispell, MT 59901
      View Details
    • $950,000
      2,432 SF

      Kalispell Income-Producing Commercial Property

      2.26-acre property with storage units and single-family residence.
      3890 Hwy 2 E, Kalispell, MT 59901
      View Details
    • $1,995,000

      Versatile Commercial Property in Kalispell

      3.02-acre commercial property with industrial and retail potential.
      2549 US Hwy 2 E, Kalispell, MT 59901
      View Details
    • $595,000
      1,950 SF

      Kalispell Duplex: Two Separate Homes

      Unique duplex in Kalispell with two separate structures.
      117 3rd Avenue E, Kalispell, MT 59901
      View Details
    • $1,150,000
      3,524 SF

      Modern Kalispell Townhomes - Investment Potential

      Two attached modern townhomes with income-producing or multigenerational living potential.
      532 & 534 E Evergreen Drive, Kalispell, MT 59901
      View Details
    • $1,700,000
      12,000 SF

      Kalispell Mixed-Use Building For Sale

      Commercial building with retail space and apartments in Kalispell, Montana.
      302/304 2nd Avenue W, Kalispell, MT 59901
      View Details
    • $1,399,000
      3,220 SF

      Mixed-Use Property with High Visibility

      Remodeled mixed-use property with income potential and high traffic exposure.
      1282 US Hwy 2, Kalispell, MT 59901
      View Details
    • $767,315
      3,841 SF

      Commercial Building in Kalispell, MT

      Well-maintained commercial building on a corner lot in Kalispell.
      647 6th Avenue E, Kalispell, MT 59901
      View Details
    • $475,000
      656 SF

      Kalispell Ranch Multi-Family Investment

      Two well-maintained homes on one lot near downtown Kalispell.
      418 & 420 2nd Avenue W, Kalispell, MT 59901
      View Details
    • $430,000

      Kalispell Commercial Lot For Sale

      Prime commercial lot in downtown Kalispell near amenities.
      5 6th Avenue W, Kalispell, MT 59901
      View Details
    • $325,000

      5-Acre Land Parcel, Kalispell, MT

      Build your Montana dream home on this surveyed 5-acre parcel.
      1186 Lost Creek Drive, Kalispell, MT 59901
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1.22-acre build-ready parcel with utilities and panoramic views.
    Where is this residential land & home lot located?
    The property is located at 294 Three Mile Drive Kalispell, MT.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: 1.22‑acre build‑ready parcel with unobstructed 360‑degree views of Flathead Valley and surrounding mountains.; Full city hookups (water, sewer, electric) available at the property line.; Located just outside city limits, offering convenience of utilities without city taxes.
    (978) 855-0194
    We can help!
    Listing Contact
    Heather Imig
    Real Estate License ID: RRE-RBS-LIC-109432
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    294 Three Mile Drive, Kalispell, MT 59901
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!