Flathead Valley

Markets

Flathead

Flathead County, Montana, is a rapidly growing area located in the northwestern part of the state, known for its stunning natural landscapes, including Glacier National Park and Flathead Lake. The region is a popular destination for outdoor recreation, tourism, and retirement living, which drives its commercial and multi-family real estate markets. The county includes the city of Kalispell, which serves as the commercial and economic center of the area. The commercial real estate market in Flathead County has experienced growth due to the area's increasing population, tourism, and development activity. Flathead County’s multi-family real estate market has seen significant demand due to its growing population, the appeal of living in a scenic area, and the influx of retirees and workers

Market
Strengths

Tourism-Driven Demand

Growing Population

Retiree Demand

Desirable Location

Market
Weaknesses

Rural Infrastructure Challenges

Higher Construction Costs

Limited Housing Supply

Seasonal Demand

Market
Opportunities

Tourism Infrastructure

Healthcare and Senior Living

New Multi-Family Construction

Affordable Housing Development

Market Indicators

62%

Inventory Change YOY

92%

Average Occupancy

205

Average Days on Market

104,357

Population

$74,274

Median Household Income

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Past Projects in The Flathead Valley

Multi-Family Appraisal Leads to Development & Sale

Sage Appraisal was contracted to appraise a townhome development for an out of state developer. Throughout the appraisal process the highest and best use of the property was identified as a multi-family use. The developer engaged Sage Advisors to design and assist with development on a 45 unit multi-family project. Upon completion of the project Sage Advisors procured an off market sale with a successful closing upon completion. Sage Advisors has continued to assist the new owners in marketing & operations strategy to create higher than average returns in the market.

Long Term Land Lease Development

Treeline Center is a 5 lot commercial development located in North Kalispell. The development included a master land lease from the local school district which was then subdivided into multiple parcels and subleased to tenants. The total development included subdivision, land lease contracts, construction, and tenant leasing. The total completed project includes an extended stay hotel, coffee shop, laundromat, restaurant, retail store, dentist, and quick lube. Experience includes partial ownership and management of all aspects of development.

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