100 2Nd StWhitefish, MT 59937

Property Details for 100 2Nd St

Year built

1984

Construction

FRAME

Property size (Sq ft)

5,539 SF

Zone code

1

Property type

Office properties

APN

07-4292-36-2-10-03-7004

APU

7429236210037004

Description

This exceptional investment opportunity presents a two-story, 11,299 square foot professional office condominium in the heart of Whitefish, Montana. Located just blocks from downtown, this property boasts 39 private or semi-private suites, currently enjoying over 95% occupancy with long-term tenants in place. The combined units generate a 6.8% capitalization rate based on 2024 projected rents. The building is well-maintained, minimizing deferred maintenance needs, and features gross leases offering significant upside potential for future income growth. Ample parking is available with two shared parking lots. This income-producing property offers a compelling addition to any investment portfolio, providing a stable and reliable cash flow stream. Whitefish's thriving economy, coupled with its renowned skiing at Whitefish Mountain and proximity to Glacier National Park, ensures consistent demand for commercial space. A full operating memorandum is available upon request with a signed non-disclosure agreement. On-site long-term management ensures efficient operations and minimizes management overhead. This is a rare opportunity to acquire a high-performing commercial property in a desirable and rapidly growing market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,044,621

  6.5%

  $964,266

  7%

  $895,389

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,180,970

  Geo Method

  $1,180,970

• Alternative Use

  Use

  Valuation

  Residential

  $1,195,689

  Hospitality

  $1,095,245

  Educational

  $911,231

  Medical

  $942,570

  Retail

  $1,417,470

Location Insight

City

Whitefish

County

Flathead

State

Montana

Latitude

48.4108

Longitude

-114.342

CBSA code

28060

CBSA name

KALISPELL, MT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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