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    116 S Main St Darby, MT 59829

    View on Map
    Sponsored
    For Sale
    $947,000

    SINGLE_FAMILY - Darby, MT

    Type:Retail
    Lot size:
    0.30 Acres
    Days on Market:
    100
    Last Refresh:
    Mar 5 at 10:06 pm

    Property Features for 116 S Main St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential
    Property subtype
    Retail
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    Commercial
    APN
    13117614204040000
    Parking features
    On Street
    Interior features
    VaultedCeilings
    Exterior features
    PropaneTankLeased
    Lot size
    0.30 Acres

    Utilities

    Utilities
    Propane
    Sewer type
    Public Sewer
    Heating system
    Radiant, Electric (Heating)
    Water source
    Public

    Building Details

    Year built
    1900
    Number of units
    5
    Flooring type
    Carpet, Laminate
    Building materials
    WoodSiding, WoodFrame
    Roof type
    Metal, Composition

    We can help!

    Listing Contact
    Craig W. Siphers
    Craig W. Siphers

    EXIT Realty Bitterroot Valley, Inc. (406) 375-9251

    Listing agent Craig W. Siphers (406) 360-9108 License #RRE-BRO-LIC-5636

    Listing date Nov 26, 2025

    MLS# 30061508

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

    Learn more

    Property Insight Report

    Overview

    Updated Montana Income Property

    Located in Darby, Montana, near the "Yellowstone Dutton Ranch" filming locations, this income-producing property is situated on Main Street. The updated 1900-era building features five fully rented habitational units. The property is located on a 0.29-acre lot with high visibility and foot traffic, benefiting from its location near parks, shops, dining, the library, and local attractions. The building features wood-frame construction, beamed and vaulted ceilings, laminate counters, and modern updates. The former retail storefront has been reimagined into residential units, joining the existing apartments to form a five-unit residential rental property. Units feature a mix of 2-bedroom and 3-bedroom floorplans, full kitchens, updated baths, and living spaces. The property is fully leased with a strong rental history and the flexibility to serve long-term or short-term rental strategies. On-site parking, public utilities, separate meters, high-speed internet availability, and a flat, accessible lot add to the property's functionality. The location benefits from 5,000-10,000 daily vehicle count.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Pharmacy Auto Parts Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Darby
    County
    Ravalli
    State
    Montana
    Longitude
    -114.177801
    Latitude
    46.02018

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    FAQs

    What type of property is this?
    Apartment building - Five-unit residential rental property in Darby, Montana.
    Where is this apartment building located?
    The property is located at 116 S Main St Darby, MT.
    What is the asking price?
    The asking price for this property is $947,000.
    What are key features of this property?
    This property features: - Fully rented, income-producing 5-unit residential property in a high-demand market.; - Prime Main Street location with high visibility and foot traffic, near amenities and attractions.; - Updated 1900-era building with rustic Western character and modernized interiors.
    (406) 375-9251
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    116 S Main St Darby, MT 59829
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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
    116 S Main St Darby, MT 59829
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    We can help!
    Listing Contact
    Craig W. Siphers
    Craig W. Siphers
    Real Estate License ID: 5636
    (406) 375-9251 (406) 360-9108
    Learn more
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