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

    Painted Sky Overlook Corvallis, MT 59828

    View on Map
    For Sale
    $1,250,000

    Land, Other - Corvallis, MT

    Type:Unimproved Land
    Lot size:
    141.01 Acres
    Added:
    Nov 25, 2025
    Days on Market:
    133
    Last Refresh:
    Apr 7 at 7:06 pm

    Property Features for Painted Sky Overlook

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    13156620203010000
    Lot size
    141.01 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Nicole Jones
    Nicole Jones

    Listing agent Nicole Jones

    Listing office Engel & Völkers Stevensville 102-B Main Street, Stevensville, MT

    Listing date Nov 25, 2025

    MLS# 30061389 Listing URL

    Copyright © 2026 Engel & Völkers. 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 Mountain Views

    This property features approximately 141 acres of Montana land suitable for building a home. The open terrain includes sagebrush and native grasses. It offers unobstructed views of the Bitterroot and Sapphire mountains and multiple building sites. The property has year-round access and power on site. It consists of seven separate parcels, each approximately 20 acres. This land is located in a desirable area and may be suitable for investment or a private estate.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Corvallis
    County
    Ravalli
    State
    Montana
    Longitude
    -113.967
    Latitude
    46.3311

    Nearby Similar for Sale

    • $539,000

      Corvallis Multifamily Property on Acreage

      3.28 acres with duplex, outbuildings, and irrigation rights.
      611 Old Corvallis Road, Corvallis, MT 59828
      View Details
    • $450,000

      20 Acres of Montana Land

      Scenic 20-acre property with state land border and hunting opportunities.
      Tract 271 Sapphire Ranch Trail, Corvallis, MT 59828
      View Details
    • $2,300,000

      Equestrian and Event Center on Acres

      Turnkey equestrian and event facility on 20.49 acres in Montana.
      224 Rusty Spur Way, Corvallis, MT 59828
      View Details
    • $450,000

      Land with Utilities and Views

      Nearly 10 acres with utilities and mountain views.
      837 Home Run Road, Corvallis, MT 59828
      View Details
    • $449,000

      Montana Land with Mountain Views

      10.56-acre parcel with irrigation near Hamilton, Montana.
      Prestige Way lot: D, Corvallis, MT 59828
      View Details
    • $595,000

      Corvallis, MT Land For Sale

      9.49 acre lot with views near Hamilton and Missoula.
      NHN Eastside Hwy, Corvallis, MT 59828
      View Details
    • $352,500

      Corvallis Land with Mountain Views

      20-acre property with utilities, views, and building approval.
      2136 Blue Sage Trail, Corvallis, MT 59828
      View Details
    • $215,000

      Land with Bitterroot Valley Views

      5.05-acre parcel in Corvallis Hills with panoramic views.
      Corvallis Hill Drive, Corvallis, MT 59828
      View Details
    • $317,190

      Montana Land with Panoramic Views

      20.03-acre property ready for your dream home in Corvallis.
      NHN Ridgeback Road, Corvallis, MT 59828
      View Details
    • $800,000

      39.8 Acres in Corvallis, MT

      39.8 acres with south-facing building spot for solar array.
      Sapphire Ranch Trail lot: B, Corvallis, MT 59828
      View Details
    • $800,000

      40 Acres in Corvallis, MT

      40.13 acres with south-facing building spot and mountain views.
      Sapphire Ranch Trail lot: A, Corvallis, MT 59828
      View Details
    • $1,250,000

      Montana Land with Mountain Views

      141 acres of Montana land with unobstructed mountain views.
      Painted Sky Overlook, Corvallis, MT 59828
      View Details

    FAQs

    What type of property is this?
    Land - 141 acres of land with unobstructed mountain views.
    Where is this land located?
    The property is located at Painted Sky Overlook Corvallis, MT.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: Approximately 141 acres of land with **unobstructed views of the Bitterroot and Sapphire Mountains.**; **Multiple building sites available** on the property.; Good year‑round access and power onsite.
    (406) 239-1421
    We can help!
    Listing Contact
    Nicole Jones
    Nicole Jones
    Real Estate License ID: RRE-BRO-LIC-13841
    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!