Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2197 3rd E Ave Kalispell, MT 59901-5761
    Back to Search
    Property profile & analytics

    2197 3rd E Ave, Kalispell, MT 59901-5761

    View on Map
    • Outlet malls
    • 9,000 SF
    • 0.87 lot acres
    Off-Market
    Last Sale Feb 10, 2022
    Property ID
    US52-0166645
    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

    • Outlet malls

    Property Details for 2197 3rd E Ave

    Year built
    1974
    Construction
    WOOD
    Lot size
    0.87 lot acres
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    07-3966-20-2-01-03-0000
    APU
    7396620201030000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 10, 2022 — 2197 3rd Ave E LLC Cynthia Jean Sherman Majcrus Warranty Deed $822k · Stockman Bank
    Dec 22, 2005 — Donald R Dammel Sherman Enterprises LLC Warranty Deed —

    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
    -114.3
    Latitude
    48.1787
    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
    $12,562
    $0.00
    $0.00
    $1,152,140
    -
    $521,300
    $630,840
    $1,152,140

    Comparable in this City

    • Value Estimation by Request
      36,768 SF

      2248 Us Hwy 93rd N

      WHOLESALE OUTLET, DISCOUNT STORE
      2248 Us Hwy 93rd N, Kalispell, MT 59901-2557
      View Details
    • Value Estimation by Request
      34,816 SF

      1500 Us Hwy 93rd S

      WHOLESALE OUTLET, DISCOUNT STORE
      1500 Us Hwy 93rd S, Kalispell, MT 59901-5723
      View Details
    • Value Estimation by Request
      14,850 SF

      2298 Us Hwy 93rd N

      WHOLESALE OUTLET, DISCOUNT STORE
      2298 Us Hwy 93rd N, Kalispell, MT 59901-2557
      View Details
    • Value Estimation by Request
      134,456 SF

      2360 Us Hwy 93rd N

      WHOLESALE OUTLET, DISCOUNT STORE
      2360 Us Hwy 93rd N, Kalispell, MT 59901-2547
      View Details
    • Value Estimation by Request
      29,424 SF

      740 Idaho St

      WHOLESALE OUTLET, DISCOUNT STORE
      740 Idaho St, Kalispell, MT 59901-3203
      View Details
    • Value Estimation by Request
      188,028 SF

      170 Hutton Rnch Rd

      WHOLESALE OUTLET, DISCOUNT STORE
      170 Hutton Rnch Rd, Kalispell, MT 59901-2107
      View Details

    Similar Nearby for Sale

    • New
      $3,129,000
      14,000 SF

      Fully Leased Retail & Office Building

      Restored retail and office building with a fully leased tenant mix and modern updates for durable downtown operations.
      141 S Main St, Kalispell, MT 59901
      View Details
    • Contact for pricing
      4,525 SF

      Prime Downtown Commercial Building

      Fully leased commercial building in a high-traffic downtown location.
      32 1St Ave W, Kalispell, MT 59901
      View Details
    • Contact for pricing
      5,032 SF

      Highway Frontage Income Property

      Income-producing retail property with highway frontage and long-term tenants.
      1005 E Idaho St, Kalispell, MT 59901
      View Details
    • $2,995,000
      19,000 SF

      Historic Garden Center Opportunity

      15-acre property with retail, warehouse, and greenhouse space.
      2205 Mt Highway 35, Kalispell, MT 59901
      View Details
    • Contact for pricing
      13,624 SF

      Prime Downtown Kalispell Mixed-Use Opportunity

      High-visibility 1.14-acre property with mixed-use zoning and owner financing.
      1212 S Main St, Kalispell, MT 59901
      View Details
    • $767,315
      3,841 SF

      Versatile Commercial Building in Kalispell

      Well-maintained 3,841 SF commercial building on corner lot.
      647 6Th Ave E, Kalispell, MT 59901
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Mountain View

      Retail space available at a shopping center in Kalispell.
      W Reserve Dr, Kalispell, MT 59901
      View Details
    • Contact for pricing

      Kalispell Center Mall Redevelopment Opportunity

      348,742 SF shopping mall on 22.45 acres for redevelopment.
      20 N Main St, Kalispell, MT 59901
      View Details
    • Contact for pricing

      New Industrial Flex Spaces Available

      Five industrial flex spaces for lease in Kalispell, Montana.
      111 Big Horn Dr, Kalispell, MT 59901
      View Details
    • Contact for pricing

      High-Visibility Retail Suite in Kalispell

      Prime retail space in a high-traffic Kalispell location.
      1325 Us Highway 2 W, Kalispell, MT 59901
      View Details
    • New
      $15 SF/Yr

      Open-Plan Retail and Office Flex Space

      Flexible open-plan space with a back work/warehouse area and an ADA-compliant restroom for retail or office use.
      409 1St Ave E, Kalispell, MT 59901
      View Details
    • Contact for pricing
      81 SF

      Retail Space in Downtown Kalispell

      Retail space in the heart of downtown Kalispell, Montana.
      8 1St St E, 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.
    2197 3rd E Ave
    Kalispell, MT 59901-5761
    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

    Thank You for Inquiry
    2197 3rd E Ave, Kalispell, MT, 59901
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!