Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Bigfork Village Multi-Use Property Title is generated by Realmo AI

    425 Grand Drive, Bigfork, MT 59911

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Multi-use property in Bigfork Village with rental and commercial potential.

    Type:Mixed Use, Hospitality, Office, Land
    Property size:
    6,500 SF
    Price / SF:
    $330/SF
    Added:
    May 15, 2024
    Days on Market:
    744
    Last Refresh:
    May 12 at 8:58 pm

    Property Features for 425 Grand Drive

    General Information

    Standard status
    Active
    Size
    6,500 SF
    Property subtype
    Mixed Use, Hospitality, Office, Land

    Building Details

    Year Built
    1961

    We can help!

    Listing Contact
    Kristen Broughton

    Listing agent Kristen Broughton License #RRE-BRO-LIC-41506

    Listing office Berkshire Hathaway HomeServices Montana Properties

    Listing date May 15, 2024

    Source Crexi

    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 Berkshire Hathaway HomeServices Montana Properties

    HighLights

    • Prime location in the heart of Bigfork Village, next to Flathead Lake and Bigfork Bay, offering unparalleled water views.
    • Multi‑use zoning with 6 distinct rental units: three luxury one‑bedroom apartments (fully permitted and licensed for nightly rentals), a commercial kitchen, and two office/retail spaces.
    • Significant outdoor living space with approximately 3,000 sq ft of viewing decks and a spacious dining patio.
    • Versatile opportunity for owner‑occupancy and business operation or leasing out all six units for income.
    • Convenient private parking with an adjacent public lot.
    • Proximity to restaurants, boutiques, art galleries, Bigfork Playhouse Theater, Eagle Bend Golf Community, and Glacier National Park.

    Overview

    Located in Bigfork Village, this property features multi-use zoning and includes six distinct rental units. Among these are three one-bedroom luxury apartments, a commercial kitchen, and two office/retail spaces. Situated next to Bigfork Bay, the property offers water views, expansive viewing decks for the front apartments, and a spacious dining patio. There is approximately 3,000 square feet of decking and patio space. Private parking is available, with a public lot located adjacent to the property. The three apartments are fully permitted and licensed for nightly rentals. The property is located near restaurants, boutiques, art galleries, and the Bigfork Playhouse Theater. The Eagle Bend Golf Community is nearby, and Glacier National Park is within driving distance. The property offers opportunities for business operation, leasing, or a combination of both.
    Property Profile Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bigfork
    County
    Flathead
    State
    Montana
    Longitude
    -114.0751186
    Latitude
    48.0632749

    Nearby Similar for Sale

    • $998,000

      Turnkey Restaurant & Bed and Breakfast

      Restaurant and bed and breakfast in Montana's adventure corridor.
      22360 Mt Highway 83, Bigfork, MT 59911
      View Details
    • $440,000

      Luxury RV Living Near Bigfork

      Premier lot with luxury RV near Flathead Lake.
      33336 Whitecap Lane, Bigfork, MT 59911
      View Details
    • $1,595,000

      Montana Property with Income Potential

      Multi-family property with business potential in a peaceful setting.
      253/257/259 Aero Lane, Bigfork, MT 59911
      View Details
    • $360,000
      2,800 SF

      Airplane Hangar for Sale Bigfork Montana

      Insulated airplane hangar with access to Ferndale Airfield in Montana.
      315 Ferndale Drive, Unit Lot 20, Bigfork, MT 59911
      View Details
    • $1,500,000
      11,440 SF

      New Construction Industrial/Flex Buildings

      New construction industrial/flex buildings totaling 11,440 SF for sale.
      198 Hill Road, Bigfork, MT 59911
      View Details
    • $997,500
      2,560 SF

      Spacious Riverfront Condo in Bigfork

      Large, furnished condo in Bigfork near Swan River and amenities.
      443 Osborn Avenue #212, Bigfork, MT 59911
      View Details
    • $269,500
      456 SF

      Turn-Key Marina Cay Condo

      Fully furnished condo near downtown Bigfork, ready for personal use.
      180 Vista Lane #253, Bigfork, MT 59911,
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Multi-use property in Bigfork Village with rental and commercial potential.
    Where is this mixed-use property located?
    The property is located at 425 Grand Drive Bigfork, MT.
    What is the asking price?
    The asking price for this property is $2,150,000.
    What are key features of this property?
    This property features: Prime location in the heart of Bigfork Village, next to Flathead Lake and Bigfork Bay, offering unparalleled water views.; Multi‑use zoning with 6 distinct rental units: three **luxury one‑bedroom apartments** (fully permitted and licensed for nightly rentals), a commercial kitchen, and two office/retail spaces.; **Significant outdoor living space with approximately 3,000 sq ft of viewing decks and a spacious dining patio.**
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kristen Broughton
    Real Estate License ID: RRE-BRO-LIC-41506
    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
    425 Grand Drive, Bigfork, MT 59911
    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!