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

    NHN Emerson Road Hot Springs, MT 59845

    View on Map
    For Sale
    $199,000

    LAND - Hot Springs, MT

    Lot size:
    20.03 Acres
    Added:
    Jan 24, 2026
    Days on Market:
    72
    Last Refresh:
    Apr 6 at 10:06 am

    Property Features for NHN Emerson Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    35322418101100000
    Lot size
    20.03 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    BUFFALO RANGE RANCH 1, S18, T22 N, R23 W, Lot 4, ACRES 20.03, COS 2893 E2SWNE PLAT B3
    Tax Annual Amount
    127

    Utilities

    Water source
    Well

    We can help!

    Listing Contact
    Joel Thompson
    Joel Thompson

    Listing agent Joel Thompson License #RRE-BRO-LIC-62601

    Listing office EXIT Realty Missoula 715 Kensington Suite 13, Missoula, MT

    Listing date Jan 24, 2026

    MLS# 30064379

    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.

    Overview

    20 Acres in Hot Springs

    This property features 20.03 acres of rolling land located in the Hot Springs valley. A shared artesian well on the premises yields 340 gallons per minute. Electricity is available to the property. Located near Emerson Road in Hot Springs, Montana, the site offers potential for various uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Hot Springs
    County
    Sanders
    State
    Montana
    Longitude
    -114.56
    Latitude
    47.5344

    Nearby Similar for Sale

    • $766,500

      Multi-Unit Income Property in Montana

      Five buildings with multiple revenue streams in Hot Springs, Montana.
      101 1st Avenue N, Hot Springs, MT 59845
      View Details
    • $230,000

      Wooded Lot with Garage

      One-acre wooded lot with garage near recreational trails.
      3 Skunk Alley Lane, Hot Springs, MT 59845
      View Details
    • $349,000

      41+ Acre Parcel with Spring

      Land with mountain views, spring, and irrigation near Hot Springs.
      NHN Marsh Road, Hot Springs, MT 59845
      View Details
    • $100,000

      Land with Mountain Views

      5+ acre land near town with no covenants.
      Nhn Chisholm Trail, Hot Springs, MT 59845
      View Details
    • $495,000
      3,168 SF

      Highway Frontage Restaurant and Bar

      4.863 acres with restaurant/bar, conversion potential, excellent condition.
      1962 Mt Highway 28, Hot Springs, MT 59845
      View Details
    • $99,000

      Land Near Hot Springs

      Residential land near Hot Springs with irrigation and sewer connection.
      NHN North Road, Hot Springs, MT 59845
      View Details
    • $349,000

      Hot Springs Land with Views

      41+ acre parcel near Hot Springs with owner financing.
      NHN Marsh Road, Hot Springs, MT 59845
      View Details
    • $475,000

      130 Acre Fenced Parcel

      Large parcel with no covenants and mountain views.
      Nhn Old Hot Springs Road, Hot Springs, MT 59845
      View Details
    • $995,000

      Productive Irrigated Farmland Opportunity

      330 acres of productive farm ground with irrigation.
      NHN Mt Highway 28, Hot Springs, MT 59845
      View Details
    • $125,000

      Land with Mountain and Valley Views

      5+ acre lot with no covenants and irrigation available.
      Nhn Chisholm Trail Lot 5, Hot Springs, MT 59845
      View Details
    • $75,000

      Land with Mountain and Valley Views

      5+ acre lot with no covenants and sweeping views.
      Nhn Chisholm Trail Lot 4, Hot Springs, MT 59845
      View Details
    • $100,000

      Land with Mountain Views

      5+ acre lot near town with no covenants.
      Nhn Chisholm Trail Lot 2, Hot Springs, MT 59845
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - Land with shared artesian well near Hot Springs, Montana.
    Where is this agricultural land / farmland located?
    The property is located at NHN Emerson Road Hot Springs, MT.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: 20 Acres of Land; Shared Artesian Well Producing 340 GPM; Electricity to the Property
    (406) 370-0074
    We can help!
    Listing Contact
    Joel Thompson
    Joel Thompson
    Real Estate License ID: RRE-BRO-LIC-62601
    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!