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 Chestnut Rd Bozeman, MT 59715

    View on Map
    Sponsored
    For Sale
    $5,450,545

    LAND - Bozeman, MT

    Lot size:
    230.00 Acres
    Days on Market:
    10
    Last Refresh:
    Mar 9 at 9:06 pm

    Property Features for Nhn Chestnut Rd

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    Agricultural
    APN
    06080020101010000
    Lot size
    230.00 Acres

    Utilities

    Water source
    Spring, Private

    We can help!

    Listing Contact
    Kelly B Bishop

    Rustic Elegance-Montana Living (406) 220-3021

    Listing agent Kelly B Bishop (406) 220-3021 License #RRE-BRO-LIC-11792

    Listing date Feb 27, 2026

    MLS# 30034934 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    230 Acres of Paradise

    This 230-acre property, situated between Park and Gallatin counties, is suitable for multiple home sites, a hunting lodge, or a wedding venue. The area is filled with wildlife, offering opportunities to enjoy the surroundings. The property can be divided into smaller parcels and features multiple build sites. Wildlife such as elk, deer, moose, and grouse are abundant. Harvestable timber is available, and the property includes multiple water rights. The zoning is agricultural.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hunting land

    Map

    City
    Bozeman
    County
    Gallatin
    State
    Montana
    Longitude
    -110.8867469
    Latitude
    45.65025206

    Nearby Similar for Sale

    • $550,000
      17,280 SF

      Established Archery Shop Opportunity

      Profitable archery shop with building for sale in Bozeman.
      77 Laura Louise Ln, Bozeman, MT 59718
      View Details
    • $39,900

      Established Photography Business in Bozeman

      Turnkey photography business for sale in downtown Bozeman, Montana.
      111 S Grand Ave, Bozeman, MT 59715
      View Details
    • $2,300,000
      1,469 SF

      Bozeman Acreage with Water Features

      33+ acres near Bozeman with residential and land-use possibilities.
      3 Mallard Ln, Bozeman, MT 59718
      View Details
    • $949,000
      Pending

      Charming Duplex in Prime Location

      Bozeman duplex near schools, downtown, and Montana State University.
      925 Twin Lakes Ave, Bozeman, MT 59718
      View Details
    • $849,000
      Pending

      Bozeman Duplex Near Montana State

      Versatile duplex near MSU, ideal for students or multi-generational living.
      1302 S 3Rd Ave, Bozeman, MT 59715
      View Details
    • $895,000
      0.29 Acres

      Retail Space in Valley West

      New commercial development with high exposure and neighborhood accessibility.
      Tbd, Bozeman, MT 59718
      View Details
    • New
      $2,390,000
      Pending

      Bozeman Fourplex in Cattail Creek

      Well-appointed fourplex in Bozeman's desirable Cattail Creek neighborhood.
      3123 Warbler Way, Bozeman, MT 59718
      View Details
    • New
      $730,000
      1,750 SF

      EVESO Garage Condominium Community

      Exclusive, deeded garage condominiums designed for collectors and outdoor enthusiasts.
      EA7 Tbd Leader Ln, Bozeman, MT 59718
      View Details
    • New
      $595,000
      1,335 SF

      Bozeman Garage Condominium for Sale

      Exclusive garage condominium community designed for collectors and outdoor enthusiasts.
      EB13 Tbd Leader Ln, Bozeman, MT 59718
      View Details
    • New
      $595,000
      1,335 SF

      Garage Condominium for Auto Enthusiasts

      Exclusive garage condominium community designed for auto and outdoor adventure enthusiasts.
      EB11 Tbd Leader Ln, Bozeman, MT 59718
      View Details
    • New
      $810,000
      2,000 SF

      Garage Condominium for Auto Enthusiasts

      Exclusive garage condominium community designed for collectors and outdoor enthusiasts.
      EB4 Tbd Leader Ln, Bozeman, MT 59718
      View Details
    • New
      $795,000
      2,000 SF

      Garage Condominium Community For Sale

      Exclusive deeded garage condos designed for collectors and outdoor enthusiasts.
      EB10 Tbd Leader Ln, Bozeman, MT 59718
      View Details

    FAQs

    What type of property is this?
    Land - Majestic 230-acre property with multiple possibilities in Bozeman, MT.
    Where is this land located?
    The property is located at Nhn Chestnut Rd Bozeman, MT.
    What is the asking price?
    The asking price for this property is $5,450,545.
    What are key features of this property?
    This property features: - 230 acres of land between Park & Gallatin County.; - Multiple build sites and potential for division into smaller parcels.; - Abundant wildlife (Elk, Deer, Moose, Grouse).
    (406) 220-3021
    Request Owner's contact information
    Nhn Chestnut Rd Bozeman, MT 59715
    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.
    Nhn Chestnut Rd
    Bozeman, MT 59715
    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
    Nhn Chestnut Rd Bozeman, MT 59715
    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
    Kelly B Bishop
    Real Estate License ID: RRE-BRO-LIC-11792
    (406) 220-3021
    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!