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    229 Main St Thompson Fls Mt Thompson Falls, MT 59873

    • Retail properties
    • 3,438 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 229 Main St Thompson Fls Mt

    Year built
    1900
    Lot size
    0.16 lot acres
    Property size
    3,438 SF
    Property type
    Retail properties
    Property subtype
    Mixed-use properties

    Description

    This exceptional mixed-use property in Thompson Falls, Montana, presents a unique investment opportunity. Located on Main Street (229 & 231 W Main St), this fully remodeled building boasts 3,438 square feet across three stories, including a 100% occupied storefront currently housing a dispensary (lease is month-to-month, business not included in sale but negotiable). The property features two separate street numbers and electrical meters, allowing for seamless live-work integration. The residential portion offers three sizable bedrooms, each with a walk-in closet, and three bathrooms. Enjoy breathtaking Clark Fork River views from the oversized deck. The unfinished basement provides ample space for expansion or additional business ventures. Situated on a 0.162-acre lot (APN 35309108145100000) in a high-traffic area (4,648 average daily traffic count), this property benefits from its prime location on MT Hwy 200, a major route connecting Sandpoint, ID, to Missoula/Kalispell. The permitted commercial zoning allows for diverse business opportunities, making this a versatile investment with significant potential. The property was built in 1900 and offers a blend of historic charm and modern updates. Nearby amenities include water access, parks, and trails. This is an ideal opportunity for an owner-operator or investor seeking a high-return property in a desirable Montana location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Thompson Falls
    County
    Sanders
    State
    Montana
    Longitude
    -115.341
    Latitude
    47.5929

    Comparable in this City

    • Value Estimation by Request

      4895 Mt Highway 200

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      307 Washington St

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      307 Washington St, Thompson Falls, MT 59873
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      2.94 Acres

      2213 Main St

      Self storage facilities • 2.94 Acres
      2213 Main St, Thompson Falls, MT 59873
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      3,888 SF

      1017 Main W St

      RETAIL STORES (PERSONAL SERVICES) • 3,888 SF
      1017 Main W St, Thompson Falls, MT 59873
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      5,412 SF

      905 Main St

      RETAIL STORES (PERSONAL SERVICES) • 5,412 SF
      905 Main St, Thompson Falls, MT 59873-7716
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    • Value Estimation by Request
      4,312 SF

      4440 Mt Hwy 200

      RETAIL STORES (PERSONAL SERVICES) • 4,312 SF
      4440 Mt Hwy 200, Thompson Falls, MT 59873-9541
      View Details

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    229 Main St Thompson Fls Mt
    Thompson Falls, MT 59873
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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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