Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    118 Reserve Dr Kalispell, MT 59901-6643

    • Commercial land
    • 0.60 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US52-0175856
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial land

    Property Details for 118 Reserve Dr

    Lot size
    0.60 lot acres
    Property type
    Commercial land
    APN
    07-4078-33-1-19-01-0000
    APU
    7407833119010000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Kalispell
    County
    Flathead
    State
    Montana
    Longitude
    -114.274
    Latitude
    48.2389
    CBSA code
    28060
    CBSA name
    KALISPELL, MT MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $663
    $0.00
    $0.00
    $74,020
    -
    $74,020
    $0.00
    $74,020

    Comparable in this City

    • Value Estimation by Request
      0.31 Acres

      2402 Us Hwy 2nd E

      VACANT COMMERCIAL LAND • 0.31 Acres
      2402 Us Hwy 2nd E, Kalispell, MT 59901-2310
      View Details
    • Value Estimation by Request
      3.28 Acres

      3135 Us Hwy 2nd W

      VACANT COMMERCIAL LAND • 3.28 Acres
      3135 Us Hwy 2nd W, Kalispell, MT 59901-7310
      View Details
    • Value Estimation by Request
      0.76 Acres

      293 Montclair Dr

      VACANT COMMERCIAL LAND • 0.76 Acres
      293 Montclair Dr, Kalispell, MT 59901-3229
      View Details
    • Value Estimation by Request
      0.79 Acres

      1433 Mt Hwy 35

      VACANT COMMERCIAL LAND • 0.79 Acres
      1433 Mt Hwy 35, Kalispell, MT 59901-2915
      View Details
    • Value Estimation by Request
      0.76 Acres

      3590 Autumn Ct

      VACANT COMMERCIAL LAND • 0.76 Acres
      3590 Autumn Ct, Kalispell, MT 59901-6850
      View Details
    • Value Estimation by Request
      0.86 Acres

      140 Cottonwood Dr, Unit 1

      VACANT COMMERCIAL LAND • 0.86 Acres
      140 Cottonwood Dr, Kalispell, MT 59901-2935
      View Details

    Similar Nearby for Sale

    • $1,325,000
      1.31 Acres

      Prime Commercial Lot Near Costco

      High-visibility 1.31 acre commercial lot in rapidly developing area.
      580 Cascade Loop, Kalispell, MT 59901
      View Details
    • $1,495,000

      Highway 2 Development Site

      Expansive development site with highway visibility and income potential.
      1430-1440 Us Highway 2 W, Kalispell, MT 59901
      View Details
    • $850,000
      0.86 Acres

      Kalispell Commercial Lot Opportunity

      Commercial lot in high-visibility retail corridor near US Route 93.
      451 Rivers Edge Loop, Kalispell, MT 59901
      View Details
    • $599,000
      0.75 Acres

      Kalispell Commercial Lot Opportunity

      Prime commercial lot in high-visibility Kalispell location.
      470 Rivers Edge Loop, Kalispell, MT 59901
      View Details
    • $1,550,000
      10.00 Acres

      Kalispell Land with Development Potential

      10-acre wooded property between Whitefish and Kalispell with development potential.
      100 Scenic Ridge Rd, Kalispell, MT 59901
      View Details
    • $2,794,500
      13 SF

      Prime Downtown Kalispell Mixed-Use Land

      High-visibility 1.14-acre property with mixed-use zoning and development potential.
      1212 S Main St, Kalispell, MT 59901
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Kalispell Retail Hub Pad Site

      Last remaining drive-thru pad site in Kalispell's retail hub.
      2304 Us Highway 93 N, Kalispell, MT 59901
      View Details
    • $18 SF/Yr
      2,781 SF

      Kalispell Retail Space - Hwy 93

      High-traffic retail space, move-in ready.
      1645 Us Highway 93, Kalispell, MT 59901
      View Details
    • $9 SF/Yr
      1,200 SF

      Kalispell Commercial Garage/Office Space

      Prime Kalispell location, 1200 sq ft office/shop.
      3792 Us Highway 2, Kalispell, MT 59901
      View Details
    • $18 SF/Yr
      41 SF

      Remodeled Retail Space on Highway 93

      High-visibility retail suite in remodeled building with strong tenant mix.
      1325 Us Highway 2 W Suite C Kalispell, Kalispell, MT 59901
      View Details
    • $22 SF/Yr
      256,133 SF

      Kalispell Office Space For Rent

      Up to 53,354 SF of office space available for lease.
      555 Corporate Dr, Kalispell, MT 59901
      View Details
    • $18 SF/Yr
      111,383 SF

      Kalispell Retail Space For Rent

      High-visibility retail suite in remodeled building with highway access.
      1325 W Unit, Kalispell, MT 59901
      View Details
    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.
    118 Reserve Dr
    Kalispell, MT 59901-6643
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.