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

    Lucille Loop, Unit 52 Ennis, MT 59729

    Sponsored
    For Sale
    $175,000

    LAND - Ennis, MT

    Lot size:
    2.05 Acres
    Days on Market:
    24
    Last Refresh:
    Feb 27 at 7:06 pm

    Property Features for Lucille Loop

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    0027111451
    Lot size
    2.05 Acres

    We can help!

    Listing Contact
    Kristie Vessey
    Kristie Vessey

    EXP REALTY LLC (406) 578-4399

    Listing agent Kristie Vessey (406) 578-4399 License #BRO-88221

    Listing date Feb 4, 2026

    MLS# 404594 Listing URL

    Copyright © 2026 Big Sky Country MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Ennis, MT Land Parcel

    This 2.05 acre lot is part of a new subdivision in Ennis, Montana. The subdivision includes 55 lots ranging from approximately 1 to 2 acres, encompassing a total area of approximately 165 acres with open space for wildlife observation. The property benefits from paved roads throughout the subdivision, as well as power and fiber connectivity to each lot. Located approximately 3 miles from downtown Ennis, the lot offers views in all directions. Wells in the area range from approximately 200 to 350 feet in depth, yielding approximately 12 to 30 gallons per minute. Taxes for the lot are to be determined, as it has not yet been assessed as a separate parcel.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Ennis
    County
    Madison
    State
    Montana
    Longitude
    -111.762031
    Latitude
    45.323578

    Nearby Similar for Sale

    • $330,000
      1,056 SF

      Ennis Home with Detached Garage

      Well-maintained home near Ennis amenities, ideal for investment or starter.
      528 W Hugel St, Ennis, MT 59729
      View Details
    • $640,000
      Pending

      Ennis Multifamily Property with Income Potential

      Investment opportunity: house with duplex near Ennis schools and downtown.
      329 Steffens St, Ennis, MT 59729
      View Details
    • $495,000
      3,600 SF

      New Aircraft Hangar in Ennis, MT

      Professionally constructed 3,600 SF aircraft hangar for sale in Ennis, MT.
      34 Charlie Taxiway, Ennis, MT 59729
      View Details
    • $1,475,000
      0.35 Acres

      New Triplex in Ennis, Montana

      New construction triplex in high-demand rental market near Madison River.
      302 Vujo, Ennis, MT 59729
      View Details
    • $1,789,000
      0.69 Acres

      Victorian Multi-Family Near Ennis, MT

      Historic Victorian with cottage and studio near Ennis, Montana.
      75 Jeffers Rd, Ennis, MT 59729
      View Details
    • $525,000
      6,680 SF

      Historic Ennis Building - Prime Location

      Massive potential, downtown Ennis, 6,680 sq ft.
      114 1St St, Ennis, MT 59729
      View Details
    • $450,000

      Historic Virginia City Retail Building

      Prime Location, Turnkey Business
      122 Wallace St, Ennis, MT 59755
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 2.05 acre lot in new Ennis subdivision.
    Where is this residential land & home lot located?
    The property is located at Lucille Loop, Unit 52 Ennis, MT.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: - Large 2.05 +/- acre lot in a new subdivision.; - Paved roads, power, and fiber optic internet to each lot.; - Abundant open space (165 +/- acre subdivision) for wildlife viewing.
    (406) 580-1842
    Request Owner's contact information
    Lucille Loop, Unit 52 Ennis, MT 59729
    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.
    Lucille Loop, Unit 52
    Ennis, MT 59729
    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
    Lucille Loop, Unit 52 Ennis, MT 59729
    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

    We can help!
    Listing Contact
    Kristie Vessey
    Kristie Vessey
    Real Estate License ID: BRO-88221
    (406) 580-1842 (406) 578-4399 (406) 682-5002
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!