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    20 N Main St Kalispell, MT 59901
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    20 N Main St, Kalispell, MT 59901

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    • Community centers
    • 231,514 SF
    • 22.45 lot acres
    For Lease
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    Kalispell Center Mall Redevelopment Opportunity For Lease
    Contact for pricing
    348,742 SF

    Kalispell Center Mall Redevelopment Opportunity

    348,742 SF shopping mall on 22.45 acres for redevelopment.

    20 N Main St, Kalispell, MT 59901
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    Property ID
    US52-0174348
    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

    • Maurices / Clothing & Fashion Store
    • Red Lion Hotel Kalispell / Hotel & Motel
    • Kalispell Center Mall / Shopping Center & Mall
    • Zumiez / Skateboard Shop / Snowboard Shop
    • Tesla Destination Charger / Electric Vehicle Charging Station

    Property Details for 20 N Main St

    Year built
    1985
    Construction
    WOOD
    Lot size
    22.45 lot acres
    Zone code
    6
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    07-3966-07-4-13-12-0000
    APU
    7396607413120000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 21, 2024 — Kalispell Centre Limited Partnershi Wspgb Mall LLC Deed $6M · Glacier Bank
    Sep 6, 2016 — Wspgb Mall LLC — Deed · related $16.3M · Glacier Bank
    Jul 31, 2013 — Sweeney Ventures LLC Richard L Fields Quit Claim Deed · related —
    Apr 25, 2013 — Wpsgb Mall LLC Red Lion Hotels Limited Partnership Warranty Deed $11M · Glacier Bank

    Description

    This exceptional 348,742 square foot retail property in Kalispell, Montana, presents a unique redevelopment opportunity. Situated on a substantial 22.45-acre lot in Flathead County, this single-tenant building offers significant potential. The property boasts approximately 2,000 linear feet of frontage along the newly completed Parkline Trail, a $7.5 million hike and bike trail. Its strategic location in historic downtown Kalispell places it at the heart of the city's 2012 Master Plan, occupying an area comparable to the length of Main Street. Currently vacant, the property allows for the immediate redevelopment of approximately 7.5 acres on the west side, offering the chance to increase density under existing zoning regulations. The property's size and location within a high-growth market make it an irreplaceable infill opportunity. Previous tenants included notable names such as JC Penney, U.S. Bank, Starbucks, Bath & Body Works, LensCrafters, Claire's, and the Red Lion Hotel (operated by Sonesta International Hotel Group). This is a chance to reposition a significant asset in a thriving Montana community. The property's address is 20 N Main St, Kalispell, MT 59901, and it is zoned for commercial use. The property is listed as a single-tenant building, with the entire 348,742 square feet currently vacant.

    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
    Kalispell
    County
    Flathead
    State
    Montana
    Longitude
    -114.318
    Latitude
    48.1988
    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
    $136,591
    $0.00
    $0.00
    $12,528,200
    -
    $1,324,640
    $11,203,560
    $12,528,200

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    Kalispell, MT 59901
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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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