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    378 Parcels Columbia Falls, MT 59912

    • Land
    • 48.51 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 378 Parcels

    Lot size
    48.51 lot acres
    Property type
    Land

    Description

    This exceptional 48.51-acre commercial land parcel presents a unique investment opportunity in Columbia Falls, Montana. Boasting approximately 450 feet of frontage along Highway 2, a major thoroughfare attracting over 3.3 million annual visitors to nearby Glacier National Park, this property offers unparalleled visibility and accessibility. Further enhancing its appeal is over 1,500 feet of Flathead River frontage, providing stunning natural beauty and diverse development possibilities. A previous Planned Unit Development (PUD) envisioned 151 residential units, complemented by amenities such as bike paths, a riverfront park, a village market, and clubhouse facilities, along with a realignment of River Road. This pre-existing planning provides a solid foundation for future development, particularly addressing the current demand for multi-family and workforce housing in the area. The property's strategic location, just minutes from downtown Columbia Falls and less than 20 minutes from Glacier National Park, ensures convenient access to a vibrant community and world-class recreational opportunities. The asking price for this expansive and versatile property is $4,490,000. This presents a compelling opportunity for developers seeking to capitalize on the region's thriving tourism and growing population. The five parcels comprising this property offer significant flexibility for a variety of development scenarios.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Columbia Falls
    County
    Flathead
    State
    Montana
    Longitude
    -114.169
    Latitude
    48.3628

    Comparable in this City

    • Value Estimation by Request

      1097 Timber Rdg Ct

      Land
      1097 Timber Rdg Ct, Columbia Falls, MT 59912
      View Details
    • Value Estimation by Request
      2.02 Acres

      1099 Hines Trl

      Land • 2.02 Acres
      1099 Hines Trl, Columbia Falls, MT 59912
      View Details
    • Value Estimation by Request

      3585 3Ccb

      Distribution properties
      3585 3Ccb, Coram, MT 59912
      View Details
    • Value Estimation by Request
      6.96 Acres

      27 Jellison Ln

      Multifamily properties • 6.96 Acres
      27 Jellison Ln, Columbia Falls, MT 59912
      View Details
    • Value Estimation by Request

      7343 Us Highway 2

      Land
      7343 Us Highway 2, Coram, MT 59912
      View Details
    • Value Estimation by Request
      1.00 Acre

      5095 Hwy 2

      Land • 1.00 Acre
      5095 Hwy 2, Columbia Falls, MT 59912
      View Details

    Similar Nearby for Sale

    • $759,000

      Prime Highway 2 E Commercial Land

      Montana Mixed-Use Property - $759,000
      7343 Us Highway 2, Coram, MT 59912
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    • $1,500,000

      Prime Flathead Valley Commercial Land

      9.67 Acres, Scenic Views, Multiple Uses
      3285 Mt Highway 206, Columbia Falls, MT 59912
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    • $150,000
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      Columbia Falls Commercial Land

      .26-acre commercial lot, river frontage, mountain views.
      576 Us Highway 2, Columbia Falls, MT 59912
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    • $3,500,000
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      Columbia Falls Commercial Land - 20 Acres

      Prime Montana commercial land, highway frontage, ready to build.
      1010 Conn Rd, Columbia Falls, MT 59912
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    • $2,500,000
      1.29 Acres

      Prime Commercial Land in Columbia Falls

      1.29 Acres, Highway 2 Frontage, Owner Financing Available
      230 Us Highway 2, Columbia Falls, MT 59912
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    • $359,000
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      Prime Commercial Land, Columbia Falls

      0.67 Acres, Highway Frontage, Glacier Views
      7386 Us Highway 2, Columbia Falls, MT 59912
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    Similar Nearby for Lease

    • $24 SF/Yr
      1,420 SF

      Prime Columbia Falls Office Space

      New 1,420 sq ft Office, Move-In Ready
      619 Nucleus Ave, Columbia Falls, MT 59912
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    • $14 SF/Yr
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      Prime Columbia Falls Office Space

      1500 sq ft Office, All Utilities Included
      511 Red Hawk Ln, Columbia Falls, MT 59912
      View Details
    • $1,700 /Mo

      Commercial Shop Space For Rent

      2000 SF commercial shop space with mezzanine near Hwy 2.
      135 Shadow Wood Ln, Columbia Falls, MT 59912
      View Details
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    378 Parcels
    Columbia Falls, MT 59912
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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.

    More about this property
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