Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Versatile Farmland with Building Sites Title is generated by Realmo AI

    Gee Road, Rapelje, MT 59067

    View on Map
    Claim this Listing
    New
    For Sale
    $625,000

    LAND - Rapelje, MT

    Lot size:
    575.00 Acres
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 6:06 am

    Property Features for Gee Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    1170058
    Lot size
    575.00 Acres

    Taxes and HOA fees

    Tax Description
    S32, T02 N, R21 E, C.O.S. 391850, PARCEL TR 4, ACRES 580.463
    Tax Annual Amount
    421

    We can help!

    Listing Contact
    Lanissa Fortner

    Listing agent Lanissa Fortner License #RRE-BRO-LIC-13590

    Listing office 4 Seasons Real Estate 2044 Broadwater Ave, Suite A, Billings, MT

    Listing date Jun 2, 2026

    MLS# 353524 Listing URL

    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.

    HighLights

    • 575+/- acre Montana property with a mix of cropland, fallow ground, and pasture.
    • Currently has 205 acres planted with barley hay and oats; remaining acres planned for summer fallow.
    • County‑maintained road access provides direct ingress to the property.
    • 500 Meg fiber available to the corner.
    • Beartooth Electric runs to the corner; neighboring well is 200'.
    • Includes potential building sites.

    Overview

    This 575+/- acre Montana property offers a practical mix of cropland, fallow ground, and pasture, suited to ranching, livestock, or long-term investment. The owners currently have 205 acres planted with barley hay and oats for hay, with the remainder planned for summer fallow. Multiple building sites are available, providing flexibility if you’re planning a future home, improvements, or operational facilities. The property also benefits from nearby water access, with a neighboring well noted at approximately 200 feet.

    Access is provided via a county-maintained road, helping support routine farm use and equipment movement. Utilities are a clear plus for an operator or land buyer looking ahead: 500 Meg fiber is available, and Beartooth Electric runs to the corner of the property.

    For tenants, buyers, or investors, this is a solid fit for agricultural operators seeking diversified ground in one holding, as well as for those looking for a land base that can support current production and future site development. The combination of workable acreage and ready utilities makes it easier to plan beyond the growing season.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Rapelje
    County
    Stillwater
    State
    Montana
    Longitude
    -109.2507043
    Latitude
    45.9076352

    Nearby Similar for Sale

    • $720,000

      960 Acres in Rapelje, MT

      960-acre tract featuring cropland, grazing land, and water sources.
      Molt-Rapelje Road, Rapelje, MT 59057
      View Details
    • $895,000

      Rapelje, MT Grazing Tract

      1130-acre grazing tract with wells and CRP contract.
      Molt-Rapelje Road, Rapelje, MT 59067
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - A versatile tract of cropland, fallow ground, and pasture with utilities available for future ranching or development plans.
    Where is this agricultural land / farmland located?
    The property is located at Gee Road Rapelje, MT.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: 575+/- acre Montana property with a mix of cropland, fallow ground, and pasture.; Currently has 205 acres planted with barley hay and oats; remaining acres planned for summer fallow.; County‑maintained road access provides direct ingress to the property.
    (406) 670-9799
    We can help!
    Listing Contact
    Lanissa Fortner
    Real Estate License ID: RRE-BRO-LIC-13590
    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
    Gee Road, Rapelje, MT 59067
    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!