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

    38 Elk Valley Rd Ennis, MT 59729

    View on Map
    Sponsored
    For Sale
    $333,000

    LAND - Ennis, MT

    Lot size:
    10.21 Acres
    Days on Market:
    171
    Last Refresh:
    Mar 22 at 1:06 am

    Property Features for 38 Elk Valley Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    0027080450
    Lot size
    10.21 Acres

    We can help!

    Listing Contact
    Tamara Williams
    Tamara Williams

    Tamara Williams and Company

    Listing agent Tamara Williams License #BRO-53659

    Listing date Oct 3, 2025

    MLS# 402744

    Copyright © 2025 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.

    Learn more

    Property Insight Report

    Overview

    Land Near National Forest Access

    This 10.206-acre land parcel offers a picturesque lifestyle with convenient access to the national forest via a non-public access point bordering Mustang Ranches. Located minutes from the Madison River and downtown Ennis, the property provides opportunities for recreational activities such as hiking, hunting, horseback riding, fishing, and snowmobiling. The Ennis airport, known as Big Sky Airport (FAA LID: EKS), is located nearby. Preliminary work has been completed for future residential construction, including Department of Environmental Quality (DEQ) assessments for septic systems. An easement provides access to the property. Note that some photos depict the land bordering the forest service and surrounding properties. The property is located at 38 Elk Valley Road, Ennis, MT 59729.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Ennis
    County
    Madison
    State
    Montana
    Longitude
    -111.628766
    Latitude
    45.281028

    Nearby Similar for Sale

    • $330,000
      1,056 SF

      Ennis Home with Detached Garage

      Well-maintained home near Ennis amenities, ideal for investment or starter.
      528 W Hugel St, Ennis, MT 59729
      View Details
    • New
      $1,627,000
      0.69 Acres

      Historic Victorian Residence Near Ennis

      Restored Victorian with cottage and stunning Madison Range views.
      75 Jeffers Rd, Ennis, MT 59729
      View Details
    • $495,000
      3,600 SF

      New Aircraft Hangar in Ennis, MT

      Professionally constructed 3,600 SF aircraft hangar for sale in Ennis, MT.
      34 Charlie Taxiway, Ennis, MT 59729
      View Details
    • New
      $2,449,000

      New Ennis Four-Unit Residential Building

      New construction four-unit residential building in the heart of Ennis.
      450 Loomis Way, Ennis, MT 59729
      View Details
    • $1,475,000
      0.35 Acres

      New Triplex in Ennis, Montana

      New construction triplex in high-demand rental market near Madison River.
      302 Vujo, Ennis, MT 59729
      View Details
    • $525,000
      6,680 SF

      Historic Ennis Building - Prime Location

      Massive potential, downtown Ennis, 6,680 sq ft.
      114 1St St, Ennis, MT 59729
      View Details
    • $450,000

      Historic Virginia City Retail Building

      Prime Location, Turnkey Business
      122 Wallace St, Ennis, MT 59755
      View Details

    FAQs

    What type of property is this?
    Land - Land with national forest access, near Madison River and Ennis.
    Where is this land located?
    The property is located at 38 Elk Valley Rd Ennis, MT.
    What is the asking price?
    The asking price for this property is $333,000.
    What are key features of this property?
    This property features: - Direct access to national forest via non-public access point.; - Proximity to the Madison River and downtown Ennis.; - Septic system DEQ legwork completed.
    (406) 223-6823
    Request Owner's contact information
    38 Elk Valley Rd Ennis, MT 59729
    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.
    38 Elk Valley Rd
    Ennis, MT 59729
    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
    38 Elk Valley Rd Ennis, MT 59729
    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

    We can help!
    Listing Contact
    Tamara Williams
    Tamara Williams
    Real Estate License ID: BRO-53659
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!