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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