Land with Shop and Manufactured
For Sale
$375,000
533 Plentywood Drive, Kalispell, MT 59901
Two parcels totaling 1.01 acres with a 1,500 SF shop and a titled three-bedroom manufactured home.
Property Size1,500 SF
Lot Size1.01 Acres
Price / SF$250
Days on Market56
Property Features for 533 Plentywood Drive
General Information
Standard status
Active
Size
1,500 SF
Lot size
1.01 Acres
Property subtype
Land
Zoning
R-2
Additional Details
Utilities to Site
Yes
Listing Agency:
Real Broker,LLC
(406) 885-1662
Listed By:
Alden Blaize · License #RRE-RBS-LIC-72885
Source:
Purewestrealestate
Added: Jun 16
Changed: Aug 8
Last Checked: Jun 19 at 10:17AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Real Broker,LLC
Investment Insights
Based on property information with market context.
Two parcels on 1.01 acres offer end-of-the-road privacy on the east side of Kalispell. The property includes a 1,500 SF shop suitable for vehicles, equipment, hobbies, or storage, along with a titled three-bedroom manufactured home that is ready for updating or removal.
Mature cottonwood trees and exceptional views help frame the setting, which is described as peaceful yet just minutes from shopping, parks, schools, and everyday conveniences. The seller notes there are no covenants, and the property is connected to Evergreen public utilities.
This combination of land, an on-site shop, and utilities creates a flexible foundation for buyers looking to shape the property to their needs.
Mature cottonwood trees and exceptional views help frame the setting, which is described as peaceful yet just minutes from shopping, parks, schools, and everyday conveniences. The seller notes there are no covenants, and the property is connected to Evergreen public utilities.
This combination of land, an on-site shop, and utilities creates a flexible foundation for buyers looking to shape the property to their needs.
Key Highlights
- Two parcels totaling 1.01 acres on the east side of Kalispell with end‑of‑the‑road privacy
- Includes a 1,500 SF shop for business, vehicle/equipment use, hobbies, or storage
- Titled 3‑bedroom manufactured home included
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,278
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.67%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$425,560
$425.6K
Cap Rate 7%
$303,971
$304.0K
Cap Rate 9%
$236,422
$236.4K
Market Conditions
NOI Build-Up for 1,500 SF
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.
Gross rent
$31.5K $21.00/SF
− Vacancy
−$1.1K −$0.74/SF
EGI
$30.4K $20.27/SF
− OpEx
−$9.1K −$6.08/SF
NOI
$21.3K $14.19/SF
Area
Flathead County, MT
Vacancy
3.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$425,560
Cap Rate 7%
$303,971
Cap Rate 9%
$236,422
Alternative Uses
Best Use
Retail
$304.0K
$266.0K – $354.6K
NOI $21,278 @ 7.0% cap · market cap 5.67%
Second Best
Industrial
$128.9K
$112.8K – $150.4K
NOI $9,025 @ 7.0% cap · market cap 2.41%
Theoretical Best
Office A
$334.9K
$293.0K – $390.7K
NOI $23,443 @ 7.0% cap · market cap 6.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
65
Businesses Nearby
Explore this area
Business Placement
Demographics for 59901, MT
57,900
Population
25,154
Households
2.3
Avg Household Size
40
Median Age
33%
College-Educated
96%
High-School Grad
468.8 sq mi
ZIP Area
124
Density / Sq Mi
$70,391
Median Household Income
$38,073
Median Earnings
$1,052
Median Rent
$417,200
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Two parcels totaling 1.01 acres with a 1,500 SF shop and a titled three-bedroom manufactured home.
Where is this residential land & home lot located?
The property is located at 533 Plentywood Drive Kalispell, MT.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two parcels totaling 1.01 acres on the east side of Kalispell with end‑of‑the‑road privacy; Includes a 1,500 SF shop for business, vehicle/equipment use, hobbies, or storage; Titled 3‑bedroom manufactured home included
