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

    40 Mike Day Drive White Sulphur Springs, MT 59645

    View on Map
    For Sale
    $180,000

    LAND - White Sulphur Springs, MT

    Lot size:
    20.10 Acres
    Added:
    Mar 6, 2026
    Days on Market:
    26
    Last Refresh:
    Apr 1 at 10:06 pm

    Property Features for 40 Mike Day Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    0000001342
    Lot size
    20.10 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxDescription
    GRASSY MOUNTAIN RANCH PHASE 2, S25, T07 N, R05 E, LOT 64, ACRES 20.1
    TaxAnnualAmount
    104

    Utilities

    Water front features
    Creek
    Water front
    1

    We can help!

    Listing Contact
    Stephen Youde

    Listing agent Stephen Youde License #RBS-54934

    Listing office Keller Williams Capital Realty 130 Neill Ave, Ste. A, Helena, MT

    Listing date Mar 6, 2026

    MLS# 409181

    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

    Montana Land with Creek Frontage

    This 20.1-acre property is situated in the Grassy Mountain Subdivision, between Helena, Bozeman, and Great Falls. The location offers views of the Crazy Mountains. The property includes creek frontage. Located in a growing community of 20-acre lots, the area provides open landscapes and vistas. Recreational opportunities include hunting and fishing. Showdown and Bridger Bowl Ski Areas are less than an hour away. The Helena National Forest is located just over 2 miles west, providing access to public land for backcountry adventures. The property is located at 40 Mike Day Drive, White Sulphur Springs, MT 59645.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    White Sulphur Springs
    County
    Meagher
    State
    Montana
    Longitude
    -111.0433097
    Latitude
    46.3353838

    Nearby Similar for Sale

    • $600,000
      2,736 SF

      Renovated Fourplex in White Sulphur

      Well-maintained, renovated fourplex with strong rental income in White Sulphur Springs.
      402 5th Ave SE unit: 1,2,3,4, White Sulphur Springs, MT 59645
      View Details
    • $15,500,000

      Montana Hospitality and Wellness Destination

      Hospitality and wellness destination in White Sulphur Springs, Montana.
      202 & 301 Main St W, White Sulphur Springs, MT 59645
      View Details
    • $159,900

      Montana Land with Mountain Views

      20+ acre Montana land near recreation and national forest.
      10 Stagecoach Trail, White Sulphur Springs, MT 59645
      View Details
    • $159,900

      Montana Land with Mountain Views

      20+ acre land near national forest and recreation.
      10 Stagecoach Trail, White Sulphur Springs, MT 59645
      View Details
    • $180,000

      Montana Land with Creek Frontage

      20.1 acres with creek, mountain views, recreation opportunities.
      40 Mike Day Drive, White Sulphur Springs, MT 59645
      View Details
    • $374,990

      47-Acre Lot Near National Forest

      Land with utilities, well, and mountain views near recreation.
      118 Panorama Drive, White Sulphur Springs, MT 59645
      View Details
    • $250,000

      White Sulphur Springs Land Parcel

      20-acre property with mountain views, well, and power.
      45 Mountainview, White Sulphur Springs, MT 59645
      View Details
    • $1,480,000

      Prime Land Investment Opportunity

      161 acres near White Sulphur Springs with development potential.
      NHN Luppold Road, White Sulphur Springs, , MT 59645
      View Details
    • $350,000

      Arrowhead Meadows Estate Land Parcel

      5.18 acre lot with mountain views near golf course.
      4th Avenue SE lot: 11, White Sulphur Springs, MT 59645
      View Details
    • $1,480,000

      161 Acres in Smith River Valley

      Investment opportunity near White Sulphur Springs with mountain views.
      NHN Luppold Road, White Sulphur Springs, MT 59645
      View Details
    • $223,000
      600 SF

      Montana Land with Fixer-Upper Home

      20-acre off-grid property near White Sulphur Springs, Montana.
      89 Mayn Creek Rd, White Sulphur Springs, MT 59645
      View Details
    • $220,000
      400 SF

      White Sulphur Springs Office Investment

      Two office spaces with 100% occupancy in thriving location.
      107 E Main Street, White Sulphur Springs, MT 59645
      View Details

    FAQs

    What type of property is this?
    Recreation land - 20.1 acres with creek, mountain views near recreation areas.
    Where is this recreation land located?
    The property is located at 40 Mike Day Drive White Sulphur Springs, MT.
    What is the asking price?
    The asking price for this property is $180,000.
    What are key features of this property?
    This property features: 20.1 Acres with Creek Frontage; Stunning Mountain Views (Crazy Mountains); Located Between Helena, Bozeman, and Great Falls
    (406) 439-5234
    We can help!
    Listing Contact
    Stephen Youde
    Real Estate License ID: RBS-54934
    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!