Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Whitefish Land Development Opportunity Title is generated by Realmo AI

    514 W 2nd Street, Whitefish, MT 59937

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    2.8 acres in Whitefish, MT, near downtown and amenities.

    Type:Land
    Lot size:
    2.80 Acres
    Added:
    May 14, 2024
    Days on Market:
    754
    Last Refresh:
    May 12 at 8:52 pm

    Property Features for 514 W 2nd Street

    General Information

    Standard status
    Active
    Lot size
    2.80 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Keven Guercio
    Keven Guercio

    Listing agent Keven Guercio License #RRE-RBS-LIC-13597

    Listing office PureWest Real Estate Whitefish

    Listing date May 14, 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 PureWest Real Estate Whitefish

    HighLights

    • Prime development opportunity: 2.8 acres in Whitefish, Montana.
    • High visibility location: Situated on the new Highway 93 entrance.
    • Adjacent to Whitefish Yards: Borders a new mixed‑use development with residential, commercial, restaurant, brewery, and hotel.
    • Convenient access: Bike and walking paths to downtown, city beach, and golf course.
    • Close proximity to recreation: Short drive to Whitefish Mountain Resort and Glacier National Park.
    • Flexible zoning: Opportunity to create a mixed‑use development.

    Overview

    This is an opportunity to develop 2.8 acres in Whitefish, Montana. The property consists of three adjacent parcels offering high visibility on the new Highway 93 entrance into town. The parcels border the new Whitefish Yards to the north, which is a mixed-use development with residential, commercial, restaurant, brewery, and hotel spaces. Bike and walking paths provide access to historic downtown, the city beach, and the golf course, all located minutes away. Whitefish Mountain Resort and Glacier National Park are a short drive away. The property's zoning allows for mixed-use development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Whitefish
    County
    Flathead
    State
    Montana
    Longitude
    -114.3509017
    Latitude
    48.4109374

    Nearby Similar for Sale

    • $1,250,000

      Commercial Development Land with WB-2 Zoning

      Visible Highway 93 South parcel with panoramic mountain views and conceptual plans for an 18-unit multifamily project.
      2150 Whitefish Avenue, Whitefish, MT 59937
      View Details
    • $525,000

      Residential Land in Tamarack Ridge

      Homesite with mountain views, close to recreation and amenities.
      308 Haugen Heights, Whitefish, MT 59937
      View Details
    • $2,200,000

      Four-Unit Condo Building in Whitefish

      Rare opportunity to own a multi-family building in Montana.
      146 Iowa Avenue, Whitefish, MT 59937
      View Details
    • $998,000

      Mixed-Use Office Space, Whitefish

      Mixed-use office space in downtown Whitefish on Central Avenue.
      317 Central Avenue, Whitefish, MT 59937
      View Details
    • $2,249,000

      Highway Frontage Development Opportunity

      5.76 acres with high visibility and income potential.
      5710 US Hwy 93 S, Whitefish, MT 59937
      View Details
    • $825,000

      Versatile Multifamily Property Near Whitefish

      Two homes on 1.28 acres near Whitefish.
      1785 Hodgson Road, Whitefish, MT 59937
      View Details
    • $2,249,000

      Flat Commercial Development Land

      Flat 5.76-acre parcel on US Highway 93 S with flexible BS/HO zoning and existing income from three on-site units.
      5710 US Hwy 93 S, Whitefish, MT 59937
      View Details
    • $399,000

      Residential Land in Walkable Whitefish

      Residential lot in walkable Whitefish neighborhood, ready for building.
      320 W Fourth Street, Whitefish, MT 59937
      View Details
    • $1,600,000

      Whitefish Acreage with Income Potential

      Remodeled home and guest apartment near downtown Whitefish.
      390 Beaver Lake Road, Whitefish, MT 59937
      View Details
    • $1,795,000

      Ski Access Homesite on Big Mountain

      1.24-acre homesite with ski access and mountain views.
      485 Elk Highlands Drive, Whitefish, MT 59937
      View Details
    • $700,000

      Commercial Lot in Whitefish, MT

      Commercial lot near downtown Whitefish with high visibility.
      40 Hedman Lane, Whitefish, MT 59937
      View Details
    • $1,850,000

      Downtown Whitefish Commercial Space

      Newer commercial space in downtown Whitefish with rooftop patio.
      317 Central Avenue, Whitefish, MT 59937
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.8 acres in Whitefish, MT, near downtown and amenities.
    Where is this commercial land located?
    The property is located at 514 W 2nd Street Whitefish, MT.
    What is the asking price?
    The asking price for this property is $19,988,888.
    What are key features of this property?
    This property features: Prime development opportunity: **2.8 acres in Whitefish, Montana.**; **High visibility location:** Situated on the new Highway 93 entrance.; Adjacent to Whitefish Yards: Borders a new mixed‑use development with residential, commercial, restaurant, brewery, and hotel.
    (406) 250-7847 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Keven Guercio
    Keven Guercio
    Real Estate License ID: RRE-RBS-LIC-13597
    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
    514 W 2nd Street, Whitefish, MT 59937
    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!