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    1724 Mt Highway 28 Hot Springs, MT 59845

    Sponsored
    For Sale
    $650,000

    COMMERCIAL - Hot Springs, MT

    Lot size:
    20.11 Acres
    Days on Market:
    137
    Last Refresh:
    Jan 26 at 12:06 am

    Property Features for 1724 Mt Highway 28

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Sale
    Property subtype
    Other
    Property condition
    Under Construction
    TransactionType
    Standard
    Standard status
    Active
    APN
    35309613101150000
    Parking features
    RV, Garage
    Lot size
    20.11 Acres

    Utilities

    Sewer type
    Private Sewer, Septic Tank
    Heating system
    Wood Stove, Wood
    Cooling system
    Window Unit(s)

    Building Details

    Year built
    2024
    Building materials
    MetalSiding, WoodSiding, WoodFrame
    Roof type
    Metal

    We can help!

    Listing Contact
    Rachel Fedor
    Rachel Fedor

    Ideal Real Estate (425) 610-9708

    Listing agent Rachel Fedor (406) 249-9839 License #RRE-RBS-LIC-70495

    Listing date Sep 12, 2025

    MLS# 30055228

    Copyright © 2025 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

    20-Acre Montana Recreation and Residence

    This 20.11-acre property in Hot Springs, MT, offers a combination of residential, recreational, and income-generating opportunities. It features a 572 square foot one-bedroom, one-bathroom apartment built in 2024, and a versatile 40' x 64' shop built in 2022 with a roughed-in bedroom, additional bathroom, and laundry. The home is finished in a rustic Montana style, with tongue-and-groove wood finishes, solid wood cabinetry, granite countertops, and stainless steel appliances. The property includes a deck, covered entry, and a covered parking space. Outdoor amenities include six RV hookups with 50 AMP and 110 V service, two wells, and an 8,500-gallon water storage and pump system. There are four dirt bike tracks: a Turn Track, a Kids Track, a Supercross Track, and an Open Track, equipped with a start gate. The property has a new electrical service, a back-up solar energy system, and a new well installed in 2024. Additional features include perimeter fencing, a pet kennel, and a BBQ and fire-pit area. The property has Highway 28 frontage and is surrounded by tribal lands to the south and farmland to the east and north. Included with the purchase is equipment to support the motocross track business, including a Mini Cooper, a Honda side-by-side five seater, a snowplow for the Honda side-by-side, a 2500 gallon water truck, a 52 hp tractor with front loader and back dragger, a Walker mower, a gasoline power sprayer, a 32 foot toy hauler, and a 25 foot car or tractor trailer.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Race tracks

    Map

    City
    Hot Springs
    County
    Sanders
    State
    Montana
    Longitude
    -114.6242639
    Latitude
    47.58412647

    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Race track - 20-acre property with home, shop, motocross track, and income potential.
    Where is this race track located?
    The property is located at 1724 Mt Highway 28 Hot Springs, MT.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: - Turn-key motocross track business opportunity with equipment valued at $95,100 included.; - 20-acre property with Highway 28 frontage, featuring a home, shop, and motocross track, offering recreation, residence, and income potential.; - Versatile 40' x 64' heated shop (built in 2022) with roughed-in bedroom, bathroom, and laundry, plus a 572 sq ft one-bedroom apartment (built in 2024).
    (406) 249-9839
    Request Owner's contact information
    1724 Mt Highway 28 Hot Springs, MT 59845
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    Hot Springs, MT 59845
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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
    1724 Mt Highway 28 Hot Springs, MT 59845
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    We can help!
    Listing Contact
    Rachel Fedor
    Rachel Fedor
    Real Estate License ID: RRE-RBS-LIC-70495
    (406) 249-9839
    Learn more
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