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

    Hearts & Diamonds lot 15 Columbus, MT 59019

    View on Map
    For Sale
    $135,000

    LAND - Columbus, MT

    Lot size:
    20.00 Acres
    Added:
    Mar 23, 2026
    Days on Market:
    10
    Last Refresh:
    Apr 1 at 3:06 pm

    Property Features for Hearts & Diamonds lot 15

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    4020320
    Lot size
    20.00 Acres

    Taxes and HOA fees

    TaxDescription
    HEARTS AND DIAMONDS, S31, T02 S, R20 E, BLOCK XXX, Lot 015, 224916 TR 15 COS 224916
    TaxAnnualAmount
    85

    Utilities

    Sewer type
    Septic Tank

    We can help!

    Listing Contact
    Neil Beyer
    Neil Beyer

    Listing agent Neil Beyer License #RRE-RBS-LIC-88039

    Listing office eXp Realty, LLC - Billings 1205 S Main Street, Ste. 335, Kalispell, MT

    Listing date Mar 23, 2026

    MLS# 357920

    Copyright © 2026 Billings Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    20 Acres Montana Land

    This 20-acre mountain property in Columbus, Montana offers privacy and natural beauty. Bordering Montana State Land and tucked between the Yellowstone and Stillwater Rivers, the land provides an expansive, undeveloped backdrop. It features mature pines, rolling terrain, scenic views, abundant wildlife, and multiple potential build sites, making it suitable for a dream home, cabin retreat, or private getaway. Nearby recreational opportunities include fishing, hiking, and skiing. Access to Montana State Trust Land is subject to state regulations and buyer verification. The property is located 10 minutes from Columbus, 50 minutes from Billings, 53 minutes from Red Lodge, and approximately 2 hours and 25 minutes from Yellowstone National Park.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Columbus
    County
    Stillwater
    State
    Montana
    Longitude
    -109.271
    Latitude
    45.537

    Nearby Similar for Sale

    • $1,390,000
      9,950 SF

      Columbus, MT Commercial Investment Opportunity

      Hospitality, gas station, and retail business opportunity in Columbus, MT.
      740 E Pike Avenue, Columbus, MT 59019
      View Details
    • $4,543
      3,360 SF

      Warehouse with Office and Bath

      3,360 SF warehouse with office and bath for sublease.
      800 Clough Avenue, Columbus, MT 59019
      View Details
    • $448,500
      3,941 SF

      Charming 1941 Triplex with Garage

      Triplex with detached garage, Airbnb potential, and low vacancy.
      345 N 3rd St, Columbus, MT 59019
      View Details
    • $315,000
      4,350 SF

      Mixed-Use Building in Downtown Columbus

      Mixed-use property with retail space and residential units.
      410 E Pike Avenue, Columbus, MT 59019
      View Details
    • $1,690,000

      Columbus MT Land Development Opportunity

      Land with entitlements for 145 dwelling units and 3 commercial lots.
      Centennial Rd, Columbus, MT 59019
      View Details
    • $339,000

      Columbus, MT Land with Utilities

      41.659 acres with utilities ready for development.
      73 Stara Tukan Rd. lot: 46&47, Columbus, MT 59019
      View Details
    • $1,200,000
      2,000 SF

      Established Liquor Store in Columbus

      Profitable liquor store in a high-visibility location with established clientele.
      444 N 9th Street-Suite 1, Columbus, MT 59019
      View Details
    • $100,000

      Columbus, MT 9.89-Acre Land Parcel

      9.89-acre parcel with buildable ground and scenic Montana landscape.
      42 Bozeman Trail lot: 140, Columbus, MT 59019
      View Details
    • $97,000

      Columbus, MT Buildable Land

      9.98 acre buildable lot near Yellowstone River.
      26 O'Dare Drive lot: 18, Columbus, MT 59019
      View Details
    • $99,000

      Montana Land with Yellowstone River Access

      20-acre parcel with river access, bordering state land.
      Coyote Pass, Columbus, MT 59019
      View Details
    • $99,000

      Montana Land Near Yellowstone River

      20-acre vacant land with river access near Columbus, Montana.
      Coyote Pass, Columbus, MT 59019
      View Details
    • $298,000

      Commercial Shop in Columbus, Montana

      Commercial shop with office and bathroom in central Columbus, Montana.
      233A 9th street, Columbus, MT 59019
      View Details

    FAQs

    What type of property is this?
    Land - 20-acre mountain property in Columbus, Montana with privacy and views.
    Where is this land located?
    The property is located at Hearts & Diamonds lot 15 Columbus, MT.
    What is the asking price?
    The asking price for this property is $135,000.
    What are key features of this property?
    This property features: 20 acres of land bordering Montana State Land offering privacy.; Multiple potential build sites for your dream home.; Scenic views, mature pines, rolling terrain, and abundant wildlife.
    (406) 272-6568
    We can help!
    Listing Contact
    Neil Beyer
    Neil Beyer
    Real Estate License ID: RRE-RBS-LIC-88039
    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!