Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1088 S 1st Street Hamilton, MT 59840

    View on Map
    For Sale
    $1,100,000

    Land, Other - Hamilton, MT

    Type:Multi Family
    Lot size:
    2.93 Acres
    Added:
    Nov 10, 2025
    Days on Market:
    142
    Last Refresh:
    Apr 1 at 9:06 pm

    Property Features for 1088 S 1st Street

    General Information

    Property type
    Land
    Property subtype
    Multi Family
    Zoning
    Un-Zoned
    Standard status
    Active
    APN
    13146831301320000
    Lot size
    2.93 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Dawn Maddux
    Dawn Maddux

    Listing agent Dawn Maddux

    Listing office Engel & Völkers Missoula 321 N. Higgins Ave, Missoula, MT

    Listing date Nov 10, 2025

    MLS# 30023374 Listing URL

    Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Hamilton Land Opportunity Zone Parcel

    This 2.93-acre parcel of land is located directly off South 1st Street/Highway 93 in Hamilton. The unzoned property is situated within the Hamilton Opportunity Zone, offering potential tax incentives and investment advantages. This versatile plot is suitable for multi-family or commercial development, including apartment complexes, condominiums, retail spaces, and office buildings.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Restaurant Real Estate Agency Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hamilton
    County
    Ravalli
    State
    Montana
    Longitude
    -114.1548521
    Latitude
    46.2348037

    Nearby Similar for Sale

    • $735,000

      Residential Land in Stock Farm

      0.6-acre lot in a luxury golf course community.
      695 Pallo Trail, Hamilton, MT 59840
      View Details
    • $735,000

      Residential Land in Stock Farm

      0.6 acre lot in Stock Farm Club.
      695 Pallo Trail, Hamilton, MT 59840
      View Details
    • $899,000

      Historic Landmark in Downtown Hamilton

      Iconic 1910 building with commercial space and apartments.
      169 S 2nd Street, Hamilton, MT 59840
      View Details
    • $1,075,000

      Hamilton Land Development Opportunity

      2.08 acres of un-zoned land suitable for development.
      1000 S 1st Street, Hamilton, MT 59840
      View Details
    • $125,000

      Highway 93 Commercial Space

      Open commercial space suitable for retail or commercial use.
      410 North 1st Street, Hamilton, MT 59840
      View Details
    • $259,000

      Hamilton, MT Commercial Condo

      Versatile 615 SF commercial condo in Hamilton, Montana.
      301 N 1st Street A, Hamilton, MT 59840
      View Details
    • $320,000

      Hamilton, MT Building Lot

      3.06 acre building lot in Hamilton, Montana.
      000 Lot 7 Cone Drive, Hamilton, MT 59840
      View Details
    • $260,000

      Residential Land in Quiet Subdivision

      One-acre parcel ready for your dream home near Hamilton.
      125 Joncar Court, Hamilton, MT 59840
      View Details
    • $290,000

      Hamilton Development Opportunity: Shovel-Ready Land

      Prime Hamilton land with approved triplex plans and utilities connected.
      421 N 6th Street, Hamilton, MT 59840
      View Details
    • $999,997
      35,736 SF

      Self-Storage and Warehouse Opportunity

      125-unit storage and warehouse with office space for sale.
      1410 N 1st Street, Hamilton, MT 59840
      View Details
    • $425,000

      Arrow Hill Ranch Building Lot

      6.18-acre lot with mountain views in gated community.
      461 Arrow Hill Ranch Road, Hamilton, MT 59840
      View Details
    • $197,000

      Residential Land in Quiet Subdivision

      Half-acre parcel ready for your dream home near Hamilton.
      135 Joncar Court, Hamilton, MT 59840
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.93 acre unzoned parcel in Hamilton Opportunity Zone.
    Where is this commercial land located?
    The property is located at 1088 S 1st Street Hamilton, MT.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: 2.93 acre parcel in Hamilton, MT; Located directly off South 1st Street/Highway 93; Unzoned property allowing for diverse development options
    (406) 550-4131
    We can help!
    Listing Contact
    Dawn Maddux
    Dawn Maddux
    Real Estate License ID: 31860
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!