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    Thompson Falls Land Near Forest Title is generated by Realmo AI

    Wapiti Point Drive, Thompson Falls, MT 59873

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    Claim this Listing
    For Sale
    $175,000

    LAND - Thompson Falls, MT

    Lot size:
    10.00 Acres
    Added:
    Apr 7, 2026
    Days on Market:
    45
    Last Refresh:
    May 21 at 7:06 pm

    Property Features for Wapiti Point Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    35309127101550000
    Lot size
    10.00 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    S27, T21 N, R29 W, ACRES 10, NWSWNE
    Tax Annual Amount
    472

    We can help!

    Listing Contact
    Lincoln Slonaker

    Listing agent Lincoln Slonaker License #RRE-RBS-LIC-127441

    Listing office Clearwater Montana Properties - Polson 201 Main St, Seeley Lake, MT

    Listing date Apr 7, 2026

    MLS# 30068263 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

    • Direct access to Lolo National Forest for hunting, hiking, and exploring.
    • Ten acres of land offering space and privacy.
    • Mix of terrain with flat land suitable for building.
    • Private, tucked‑away feel due to old growth trees and thick underbrush.
    • Consistent wildlife presence (deer, grouse, elk).
    • Short drive to Thompson Falls for amenities.

    Overview

    This 10-acre property is located just outside Thompson Falls, Montana, with its western boundary adjoining Lolo National Forest. The land features a mix of terrain with ample flat areas suitable for construction and exploration. An old two-track path traverses the property. Mature trees and dense underbrush contribute to the property's secluded atmosphere. Direct access to tens of thousands of acres of public land allows for hunting, hiking, and exploration. Wildlife, including deer, grouse, and elk, frequents the area. The location offers a quiet, secluded environment while remaining a short drive from Thompson Falls. This property provides space, privacy, and flexibility for various uses, such as a hunting camp or a future homesite.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hunting land

    Map

    City
    Thompson Falls
    County
    Sanders
    State
    Montana
    Longitude
    -115.286376
    Latitude
    47.560954

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    FAQs

    What type of property is this?
    Hunting land - 10 acres bordering Lolo National Forest near Thompson Falls, Montana.
    Where is this hunting land located?
    The property is located at Wapiti Point Drive Thompson Falls, MT.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: Direct access to Lolo National Forest for hunting, hiking, and exploring.; Ten acres of land offering space and privacy.; Mix of terrain with flat land suitable for building.
    (406) 261-9255
    We can help!
    Listing Contact
    Lincoln Slonaker
    Real Estate License ID: RRE-RBS-LIC-127441
    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.

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