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    2213 Main St E Thompson Falls, MT 59873
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    2213 Main St E, Thompson Falls, MT 59873

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    • Self storage facilities
    • 2.94 lot acres
    For Sale
    $674,500
    View Listing →
    Highway 200 Commercial Opportunity For Sale
    $674,500
    13,448 SF

    Highway 200 Commercial Opportunity

    Versatile Thompson Falls property with income potential and development opportunities.

    2213 Main Street E, Thompson Falls, MT 59873
    View Listing
    Property ID
    US52-0680196
    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

    • Self storage facilities

    Property Details for 2213 Main St E

    Year built
    1989
    Lot size
    2.94 lot acres
    Property type
    Self storage facilities

    Description

    This exceptional mixed-use property in Thompson Falls, Montana, presents a unique investment opportunity. Situated on nearly three acres of level land at 2213 Main Street E, this property boasts 498 feet of Highway 200 frontage, offering unparalleled visibility and accessibility. The property includes a charming 1,800 square foot log home, two income-generating cabin rentals, and extensive storage facilities. These facilities comprise over 9,000 square feet of covered storage, a 20' x 160' open-sided storage building, and a mechanic's garage—all currently leased and generating revenue. Built in 1989, the property features its own well and a newer septic system, eliminating reliance on municipal services. The expansive lot size and strategic highway frontage provide endless possibilities for expansion or redevelopment. With no restrictive covenants, the property is ideally suited for a variety of commercial or residential ventures. The asking price is $799,000. This turnkey operation offers immediate cash flow and significant long-term potential in a thriving Montana community. The zip code is 59873.

    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
    -115.3104123
    Latitude
    47.5856967

    Comparable in this City

    • $674,500

      Highway 200 Commercial Opportunity

      Versatile Thompson Falls property with income potential and development opportunities.
      2213 Main St E, Thompson Falls, MT 59873
      View Details
    • $599,900
      6,400 SF

      Silcox Building

      Immaculate Professional Building
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    • $459,000
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      Commercial Land in Thompson Falls

      Commercial building on 1.8+ acres with shop and office space.
      2718 Tradewinds Way, Thompson Falls, MT 59873
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      Steel Flex Building on Highway

      All-steel building with office and insulated workshop on Highway 200 frontage and flexible site use.
      5476 Mt Highway 200, Thompson Falls, MT 59873
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    • Contact for pricing

      Thompson Falls Building Lot

      1.97 acre building lot near National Forest.
      Nhn Graves Crk Loop, Thompson Falls, MT 59873
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      Land Near National Forest

      Land with utilities near fishing and national forest.
      4 Mossy Oak, Thompson Falls, MT 59873
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    Similar Nearby for Sale

    • $674,500

      Highway 200 Commercial Opportunity

      Versatile Thompson Falls property with income potential and development opportunities.
      2213 Main St E, Thompson Falls, MT 59873
      View Details
    • $599,900
      6,400 SF

      Silcox Building

      Immaculate Professional Building
      303 W Main St, Thompson Falls, MT 59873
      View Details
    • New
      $375,000
      2,400 SF

      Steel Flex Building on Highway

      All-steel building with office and insulated workshop on Highway 200 frontage and flexible site use.
      5476 Mt Highway 200, Thompson Falls, MT 59873
      View Details
    • $459,000
      3,168 SF

      Commercial Land in Thompson Falls

      Commercial building on 1.8+ acres with shop and office space.
      2718 Tradewinds Way, Thompson Falls, MT 59873
      View Details
    • Contact for pricing

      Thompson Falls Land with River Views

      Four lots with river views, city water, and permitted septic.
      205 Greenwood St, Thompson Falls, MT 59873
      View Details
    • New
      $60,000
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      Thompson Falls Commercial Parcel

      0.077-acre commercial parcel on Montana Highway 200.
      W Main St, Thompson Falls, MT 59873
      View Details
    View Listing
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    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.

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