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    1201 Main St Thompson Falls, MT 59873

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    1201 Main St Thompson Falls, MT 59873

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    • Grocery and convenience stores
    • 3,216 SF
    • 0.37 lot acres
    Off-Market
    Property ID
    US52-0848754
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Grocery and convenience stores

    Property Details for 1201 Main St

    Year built
    1962
    Construction
    WOOD
    Lot size
    0.37 lot acres
    Property size
    3,216 SF
    Property type
    Grocery and convenience stores
    APN
    35-3091-08-2-33-01-0000
    APU
    35309108233010000

    Description

    This exceptional mixed-use property, located at 1201 W Main Street in Thompson Falls, Montana, presents a unique investment opportunity. Priced at $999,500, this well-established business boasts a prime location on US Highway 200, a high-traffic thoroughfare in the scenic Clark Fork River valley. The 0.373-acre lot houses a thriving automatic car wash—the only one in Sanders County—alongside a gas station, deli, convenience store, and feed store. This synergistic combination of businesses creates a robust and profitable enterprise. The property was built in 1962 and offers significant potential for continued growth and expansion within the existing framework or through strategic redevelopment. The high visibility and convenient location ensure consistent customer traffic, making this a truly attractive investment for discerning buyers seeking a diversified portfolio in a desirable Montana setting. The property's established reputation and strong cash flow make it an ideal acquisition for those seeking a stable and profitable venture in a picturesque and thriving community. The combination of established businesses on this single lot provides a unique opportunity for a hands-on owner or an investor seeking passive income. This is a rare chance to own a significant piece of Thompson Falls' commercial landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Thompson Falls
    County
    Sanders
    State
    Montana
    Longitude
    -115.352
    Latitude
    47.5953

    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
    2023
    $10,709
    $0.00
    $0.00
    $521,335
    -
    $53,125
    $468,210
    $521,335

    Comparable in this City

    • Value Estimation by Request
      23,045 SF

      2002 Main E St

      GROCERY, SUPERMARKET • 23,045 SF
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    • Value Estimation by Request
      5,712 SF

      1301 Main W St

      CONVENIENCE STORE • 5,712 SF
      1301 Main W St, Thompson Falls, MT 59873
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    • Value Estimation by Request
      3,888 SF

      1017 Main W St

      RETAIL STORES (PERSONAL SERVICES) • 3,888 SF
      1017 Main W St, Thompson Falls, MT 59873
      View Details
    • Value Estimation by Request
      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
    • Value Estimation by Request
      17,120 SF

      5458 Mt Hwy 200

      RETAIL STORES (PERSONAL SERVICES) • 17,120 SF
      5458 Mt Hwy 200, Thompson Falls, MT 59873
      View Details

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    1201 Main St
    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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