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

    20 Elkhorn Road lot 104 Reed Point, MT 59069

    View on Map
    For Sale
    $320,000

    LAND - Reed Point, MT

    Lot size:
    20.01 Acres
    Added:
    Dec 18, 2025
    Days on Market:
    106
    Last Refresh:
    Apr 3 at 12:06 pm

    Property Features for 20 Elkhorn Road lot 104

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    1040204
    Lot size
    20.01 Acres

    Taxes and HOA fees

    Tax Description
    YELLOWSTONE RIVER RANCH, S07, T02 S, R19 E, Lot 104, COS 269116
    Tax Annual Amount
    76

    Utilities

    Water front features
    Waterfront, River Front
    Water front
    1

    We can help!

    Listing Contact
    Joseph Cross

    Listing agent Joseph Cross License #RRE-BRO-LIC-53822

    Listing office Pinnacle Property of Montana 233 N 9th Street, Columbus, MT

    Listing date Dec 18, 2025

    MLS# 355897 Listing URL

    Copyright © 2026 Billings Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Montana Riverfront Land Opportunity

    This Montana property offers 20.01 acres of land with approximately 700 feet of Yellowstone River frontage. Located between Columbus and Reed Point, it provides convenient access and is situated between Bozeman and Billings. The level, buildable land offers views and access to fishing and rafting. Power is nearby, and wells in the area are considered good. The property is accessible from I-90 and is suitable for a permanent home, cabin, or fishing lodge.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Reed Point
    County
    Stillwater
    State
    Montana
    Longitude
    -109.448
    Latitude
    45.6197

    Nearby Similar for Sale

    • $95,000

      5 Acre Montana Land Parcel

      5+ acre land parcel with mountain views near I-90.
      NHN- LOT 1 Hump Creek Road lot: 1, Reed Point, MT 59069
      View Details
    • $95,000

      5-Acre Montana Land Parcel

      Land with mountain views near I-90, ready to build.
      NHN- Lot 4 Hump Creek Road lot: 4, Reed Point, MT 59069
      View Details
    • $80,000

      5 Acre Montana Land Parcel

      Land with mountain views near I-90, ready to build.
      NHN- Lot 3 Hump Creek Road lot: 3, Reed Point, MT 59069
      View Details
    • $95,000

      5 Acres with Mountain Views

      Land with mountain views, pond, and wildlife near I-90.
      NHN- LOT 2 Hump Creek Road lot: 2, Reed Point, MT 59069
      View Details
    • $800,000

      Montana Land with Creek Frontage

      40+/- acres with 850+/- feet of West Bridger Creek.
      91 W Bridger Creek Rd, Reed Point, MT 59069
      View Details
    • $3,500,000

      Montana Ranch with Grazing Potential

      1274 acre ranch near Big Timber, Montana for sale.
      Deadmans Canyon Rd, Reed Point, MT 59601
      View Details
    • $82,000

      Montana Land with Mountain Views

      20 acres with mountain views near Yellowstone River access.
      Coyote Pass lot: 215, Reed Point, MT 59069
      View Details
    • $215,000

      Reed Point Land with Utilities

      21.88-acre Montana land with utilities and mountain views.
      88 Cougar Trail, Reed Point, MT 59069
      View Details
    • $1,100,000

      Reed Point Land For Sale

      487 acres of rolling hills with timber and water.
      TBD Brumfield RD Brumfield, Reed Point, MT 59069
      View Details
    • $335,000

      Montana Land with River Frontage

      20-acre Montana land with Yellowstone River frontage.
      97 Balfour Loop Road, Reed Point, MT 59069
      View Details
    • $1,800,000

      Yellowstone River Frontage Acreage

      152.34 acres with 3200 feet of Yellowstone River frontage.
      Frontage Rd, Reed Point, MT 59069
      View Details
    • $165,000

      Secluded Land Bordering BLM Land

      Private 20-acre wooded parcel bordering BLM land.
      51 Haystack Coulee Road lot: 84, Reed Point, MT 59069
      View Details

    FAQs

    What type of property is this?
    Land - 20 acres with 700 feet of Yellowstone River frontage.
    Where is this land located?
    The property is located at 20 Elkhorn Road lot 104 Reed Point, MT.
    What is the asking price?
    The asking price for this property is $320,000.
    What are key features of this property?
    This property features: 20 acres of prime Montana riverfront property.; Approximately 700 feet of Yellowstone River frontage.; Buildable land with sweeping views.
    (406) 321-4663
    We can help!
    Listing Contact
    Joseph Cross
    Real Estate License ID: RRE-BRO-LIC-53822
    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!