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    3 Mallard Lane Bozeman, MT 59718

    View on Map
    For Sale
    $2,300,000

    LAND - Bozeman, MT

    Property size:
    1,469 SF
    Lot size:
    33.48 Acres
    Added:
    Feb 10, 2026
    Days on Market:
    49
    Last Refresh:
    Mar 31 at 7:06 pm

    Property Features for 3 Mallard Lane

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    00RGF12096
    Size
    1,469 SF
    Lot size
    33.48 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxDescription
    S12, T02 S, R04 E, C.O.S. 2124A, PARCEL 2-B, ACRES 20.14; S12, T02 S, R04 E, C.O.S. 14B, PARCEL D, ACRES 10.247; MIDDLE CREEK MEADOWS SUB 3, S12, T02 S, R04 E, BLOCK 10, Lot 4, ACRES 3.092
    TaxAnnualAmount
    3353

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Baseboard, Electric (Heating)
    Water source
    Well
    Water front features
    Pond, Creek
    Water front
    1

    Building Details

    Year built
    1976
    Building materials
    WoodSiding

    We can help!

    Listing Contact
    Sunny Odegard
    Sunny Odegard

    Listing agent Sunny Odegard License #BRO-63608

    Listing office Starner Commercial Real Estate 1276 N 15th Ave, Suite 103, Bozeman, MT

    Listing date Feb 10, 2026

    MLS# 408551 Listing URL

    Copyright © 2026 Big Sky Country 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

    Bozeman Acreage with Water Features

    Located in Four Corners, 15 minutes from downtown Bozeman, this property at 3 Mallard Lane features over 33 acres with water features and accessibility. Zoned Residential Rural, the property allows for various residential and land-use options. A creek flows through the land, feeding a pond, and the landscape includes mountain views, open pasture, and mature trees. The ranch-style home, built in 1976 and remodeled in 1993, provides nearly 1,500 square feet of living space, with 2 bedrooms and 1.5 bathrooms. The home has a functional layout and can be personalized, expanded, or used as a primary residence while planning future improvements. A private well serves the home. Additional features include a greenhouse and shed for gardening, storage, or small-scale agricultural use. Paved road access ensures year-round access while maintaining a rural environment. The property offers substantial acreage with water, views, and convenience.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Restaurant Real Estate Agency Dental Office Spa & Massage Center Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Pharmacy Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Bozeman
    County
    Gallatin
    State
    Montana
    Longitude
    -111.1793296
    Latitude
    45.6795207

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    FAQs

    What type of property is this?
    Specialty property - 33+ acres near Bozeman with residential and land-use possibilities.
    Where is this specialty property located?
    The property is located at 3 Mallard Lane Bozeman, MT.
    What is the asking price?
    The asking price for this property is $2,300,000.
    What are key features of this property?
    This property features: Over 33 acres of land with Residential Rural zoning; Prime Four Corners location, only 15 minutes from downtown Bozeman; Creek and pond water features create a serene setting with mountain views
    (406) 570-4931
    We can help!
    Listing Contact
    Sunny Odegard
    Sunny Odegard
    Real Estate License ID: BRO-63608
    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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