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    223 Chapel Flats Road Troy, MT 59935

    View on Map
    For Sale
    $3,900,000

    SINGLE_FAMILY - Troy, MT

    Type:Retail
    Property size:
    1,200 SF
    Lot size:
    31.70 Acres
    Added:
    Jul 16, 2024
    Days on Market:
    630
    Last Refresh:
    Apr 6 at 9:06 pm

    Property Features for 223 Chapel Flats Road

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Parking features
    Driveway
    Exterior features
    PropaneTankLeased
    Standard status
    Active
    APN
    56428012319020000
    Size
    1,200 SF
    Lot size
    31.70 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    PINETREE PLACER, S12, T31 N, R34 W, BLOCK 005, Lot -23, TR 5-23 *6301* PINETREE PLACER, S12, T31 N, R34 W, ACRES 1.38, COS 3704 PARCELS 1B & 2 MILLSITE, S12, T31 N, R34 W, Lot 2, ACRES 18.32, PF #4993 PINETREE PLACER, S12, T31 N, R34 W, BLOCK 005, Lot -27, PINE TREE PLACER TRS 5AB1 & 5-27 IN NENW OR IRR PM#389 11.00 ACRES *6295*
    Tax Annual Amount
    4195

    Utilities

    Utilities
    Propane
    Sewer type
    Private Sewer, Septic Tank
    Heating system
    Baseboard, Wood Stove, Wood, Electric (Heating)
    Water source
    Private

    Building Details

    Flooring type
    Combination
    Building materials
    WoodSiding, WoodFrame
    Roof type
    Metal

    We can help!

    Listing Contact
    Sharon Denton

    Listing agent Sharon Denton License #RRE-RBS-LIC-16062

    Listing office Clearwater Montana Properties - Troy 302 E Missoula Ave, Seeley Lake, MT

    Listing date Jul 16, 2024

    MLS# 30030164

    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.

    Overview

    Established Lumber Business with Home

    This well-established sawmill and lumber business is located just outside the small town of Troy, Montana. The 32-acre property includes numerous buildings for equipment, a large log yard, and 440-3 Phase power. The business has diversified to keep up with the changing market, offering cedar and other wood products, as well as cedar mulch. Specialty orders for siding, beams, and lumber are fulfilled using a large planer, along with 2 kiln dryers. A 70 ft. truck scale is also included. Additional structures include a butcher shop with a walk-in cooler, an office building, and an employee building. The property also features a newer 1200 square ft home with 2 bedrooms and 2 bathrooms. This family-run business presents an opportunity to continue a generational family business.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Restaurant Law Firm Dental Office Real Estate Agency Big Box & Wholesale Store Hotel & Motel Pharmacy Auto Parts Store Building Supply Spa & Massage Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Lincoln
    State
    Montana
    Longitude
    -115.8945118
    Latitude
    48.4691958

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    FAQs

    What type of property is this?
    Individual retail property - 32-acre lumber business with home near Troy, Montana.
    Where is this individual retail property located?
    The property is located at 223 Chapel Flats Road Troy, MT.
    What is the asking price?
    The asking price for this property is $3,900,000.
    What are key features of this property?
    This property features: Established sawmill/lumber business with diversified product line.; 32‑acre property with numerous buildings and a large log yard.; Includes a newer **1200 sq ft home with 2 bedrooms and 2 bathrooms.**
    (406) 291-6719
    We can help!
    Listing Contact
    Sharon Denton
    Real Estate License ID: RRE-RBS-LIC-16062
    Learn More
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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
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