Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Laurel, MT Land with Views Title is generated by Realmo AI

    Tbd Lot 5 Rock Harbor Way, Laurel, MT 59044

    View on Map
    Claim this Listing
    For Sale
    $469,000

    LAND - Laurel, MT

    Lot size:
    58.00 Acres
    Added:
    Apr 10, 2025
    Days on Market:
    407
    Last Refresh:
    May 21 at 3:06 pm

    Property Features for Tbd Lot 5 Rock Harbor Way

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    APN
    03082233201016001
    Lot size
    58.00 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    TRACT 8 A-1; 58.7 AC
    Tax Annual Amount
    74

    Utilities

    Sewer type
    Private Sewer, Septic Tank
    Water source
    Spring
    Water front features
    Waterfront, Creek
    Water front
    1

    We can help!

    Listing Contact
    Lauren Kanning

    Listing agent Lauren Kanning License #RRE-BRO-LIC-136098

    Listing office Real Broker, LLC 5 W Mendenhall St. Suite 20, Bozeman, MT

    Listing date Apr 10, 2025

    MLS# 30059994 Listing URL

    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.

    HighLights

    • 58+ acres with creek views and multiple building sites, minutes from south Billings.
    • Year‑round flowing Duck Creek waterfront property.
    • Developed spring and guaranteed well location.
    • ATV roads providing views of the Beartooth Mountains and wildlife habitat.
    • Buried power throughout the lot for multiple home site options.
    • Owner financing available.

    Overview

    This 58+ acre property offers views of the creek bottom and multiple building sites. Located minutes from the south Billings area, the property is part of Rock Harbor, situated in a hidden valley on a year-round, flowing Duck Creek. ATV roads provide views of the Beartooth Mountains and open spaces with trees, creating a habitat for deer, pheasant, quail, elk, bobcat, and lion. The property has minimal restrictions and a maintained primary road. A developed spring is present, and a guaranteed well can be dug in the creek bottom vicinity, according to Aqua Drilling in Joliet. Buried power throughout the lot provides many home site options.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Laurel
    County
    Yellowstone
    State
    Montana
    Longitude
    -108.684
    Latitude
    45.5989

    Nearby Similar for Sale

    • $420,000
      3,600 SF

      Laurel Commercial Property For Sale

      Commercial property in Laurel with two tenant-occupied suites.
      419 W Main, Laurel, MT 59044
      View Details
    • $490,000

      Commercial Land in Laurel, MT

      2.96-acre commercial lot with high traffic exposure.
      TBD - Lot 2 Clark Stone Bend lot: 2, Laurel, MT 59044
      View Details
    • $490,000

      Commercial Land For Sale Laurel

      2.96-acre commercial lot with high traffic exposure in Laurel, MT.
      TBD - Lot 4 Clark Stone Bend lot: 4, Laurel, MT 59044
      View Details
    • $490,000

      Commercial Lot in Laurel, MT

      2.96-acre commercial lot with high traffic exposure.
      TBD - Lot 3 Clark Stone Bend, Laurel, MT 59044
      View Details
    • $1,250,000

      Highway Commercial Land in Laurel

      10 acres of commercial land with highway access near Laurel.
      W Main Street, Laurel, MT 59044
      View Details
    • $3,650
      3,744 SF

      Versatile Commercial Shop & Office

      Prime Laurel location, well-equipped for contractors, service businesses, or light industrial.
      1415 E Railroad Street, Laurel, MT 59044
      View Details
    • $280,000
      1,934 SF

      Laurel Duplex with Income Potential

      Charming Laurel duplex with updates, rental income potential.
      516 Pennsylvania Avenue, Laurel, MT 59044
      View Details
    • $1,495,000
      3,397 SF

      Laurel Retail Building with Casino

      3,397 SF retail building with redevelopment potential in Laurel, MT.
      315 South 1st Avenue, Laurel, MT 59044
      View Details
    • $385,000

      7.52 Acres Riverfront Land

      7.52 acres with three waterways: Spring Creek, Clarks Fork, Yellowstone.
      River Road, Laurel, MT 59044
      View Details
    • $160,000

      Land with Beartooth Mountain Views

      2.575-acre parcel with mountain views near Clarks Fork River.
      Clarks Point Drive lot: 16, Laurel, MT 59044
      View Details
    • $420,000
      3,600 SF

      West Main Street Commercial Property

      Commercial property on West Main Street with two tenant suites.
      419 W Main St, Laurel, MT 59044
      View Details
    • $469,000

      58+ Acres with Creek Views

      Large acreage near Billings with creek, building sites, and developed spring.
      5154 Brohaugh Lot 8, Laurel, MT 59044
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 58+ acres with creek views and building sites near Billings.
    Where is this residential land & home lot located?
    The property is located at Tbd Lot 5 Rock Harbor Way Laurel, MT.
    What is the asking price?
    The asking price for this property is $469,000.
    What are key features of this property?
    This property features: 58+ acres with creek views and multiple building sites, minutes from south Billings.; Year‑round flowing Duck Creek waterfront property.; Developed spring and guaranteed well location.
    (254) 734-5283
    We can help!
    Listing Contact
    Lauren Kanning
    Real Estate License ID: RRE-BRO-LIC-136098
    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

    Thank You for Inquiry
    Tbd, Lot 5 Rock Harbor Way, Laurel, MT 59044
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!