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    438 W 2Nd St Whitefish, MT 59937
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    438 W 2Nd St Whitefish, MT 59937

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    • Commercial land
    For Sale
    $19,988,888
    View Listing →
    2.8 Acres Development Opportunity For Sale
    $19,988,888

    2.8 Acres Development Opportunity

    2.8 acres in Whitefish, MT, development opportunity near downtown.

    438 W 2nd Street, Whitefish, MT 59937
    View Listing
    Property ID
    US52-0220696
    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

    • Commercial land

    Property Details for 438 W 2Nd St

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    AMAZING OPPORTUNITY to develop these 2.8 Acres in Whitefish Montana. Consisting of three (see MLS#30025899) adjacent parcels all Offering high visibility on the new highway 93 entrance into town. These parcels also border the new Whitefish Yards to the north, a new mixed-use development with residential, commercial, restaurant, brewery and hotel. Bike and walking paths right to historic downtown, city beach, and the golf course all just minutes away. A short drive makes hitting Whitefish Mountain Resort or Glacier National Park just as easy. There are not very many opportunities like this so close to the heart of Whitefish so take advantage of the zoning options and create your own mixed-use development.

    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
    Whitefish
    County
    Flathead
    State
    Montana
    Longitude
    -114.3504927
    Latitude
    48.4109548

    Comparable in this City

    • Contact for pricing

      Whitefish Multi-Use Development Opportunity

      Approved for diverse uses near downtown Whitefish, Montana.
      95 Karrow Ave, Whitefish, MT 59937
      View Details
    • $525,000
      0.12 Acres

      Commercial Land in Downtown Whitefish

      High-visibility commercial land in downtown Whitefish with WB2 zoning.
      704 B, Whitefish, MT 59937
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    • $19,988,888
      0.87 Acres

      Whitefish Land Development Opportunity

      2.8 acres for mixed-use development near downtown Whitefish, Montana.
      438 W 2Nd St, Whitefish, MT 59937
      View Details
    • Contact for pricing

      Prime Commercial Land on Highway

      Commercial B-2 zoned land with high exposure on Highway 93.
      Nhn Us Hwy 93 S, Whitefish, MT 59937
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    • $19,988,888
      0.86 Acres

      Prime Land in Whitefish, Montana

      2.8 acres for mixed-use development near downtown Whitefish.
      424 W 2Nd St, Whitefish, MT 59937
      View Details
    • New
      $2,249,000
      5.76 Acres

      Highway Frontage Development Opportunity

      5.76 acres with high visibility and income potential.
      5710 Us Highway 93 S, Whitefish, MT 59937
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Whitefish Multi-Use Development Opportunity

      Approved for diverse uses near downtown Whitefish, Montana.
      95 Karrow Ave, Whitefish, MT 59937
      View Details
    • $525,000
      0.12 Acres

      Commercial Land in Downtown Whitefish

      High-visibility commercial land in downtown Whitefish with WB2 zoning.
      704 B, Whitefish, MT 59937
      View Details
    • $19,988,888
      0.87 Acres

      Whitefish Land Development Opportunity

      2.8 acres for mixed-use development near downtown Whitefish, Montana.
      438 W 2Nd St, Whitefish, MT 59937
      View Details
    • Contact for pricing

      Prime Commercial Land For Sale

      Over an acre of B2 zoned land near downtown.
      48 Hedman Ln, Whitefish, MT 59937
      View Details
    • $800,000
      0.53 Acres

      Commercial Land in Whitefish, MT

      Rare commercial lots near downtown Whitefish with Highway 93 access.
      6335 Us Highway 93 S, Whitefish, MT 59937
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    • Contact for pricing

      Prime Development Property Near Hospital

      1.19 acre lot with development opportunities near hospital.
      6111 Us Highway 93 S, Whitefish, MT 59937
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    Similar Nearby for Lease

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      Prime Retail Space in Whitefish

      Downtown Whitefish retail space near Glacier National Park.
      250 E 2Nd St, Whitefish, MT 59937
      View Details
    • $15 SF/Yr
      12,000 SF

      Highway Frontage Warehouse Near Whitefish

      12,000 SF warehouse with highway frontage near Whitefish, MT.
      5020 93 Hwy S, Whitefish, MT 59937
      View Details
    • Contact for pricing
      10,150 SF

      High-Traffic Whitefish Shopping Center

      Neighborhood shopping center with high visibility and strong local market.
      6475 Us Highway 93 S, Whitefish, MT 59937
      View Details
    • Contact for pricing

      Whitefish Manufacturing and Office Space

      48,000 SF manufacturing and office building for lease.
      500 Label Ln, Whitefish, MT 59937
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    • $28 SF/Yr
      58,850 SF

      Whitefish Class A Office Space

      Class A office space in a private North Whitefish setting.
      643 Denver St, Whitefish, MT 59937
      View Details
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    438 W 2Nd St
    Whitefish, MT 59937
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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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