Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Recreational Land in Lima, Montana Title is generated by Realmo AI

    10 W Bailey Street, Lima, MT 59739

    View on Map
    Claim this Listing
    New
    For Sale
    $89,900

    LAND - Lima, MT

    Lot size:
    0.22 Acres
    Added:
    May 17, 2026
    Days on Market:
    5
    Last Refresh:
    May 21 at 11:06 pm

    Property Features for 10 W Bailey Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    18002909211040000
    Lot size
    0.22 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    SLADER FRANK ADD NO A (LIMA), S09, T14 S, R08 W, BLOCK 3, ACRES 0.21694, N25' X W54' LOT 3, TRACT A-Final TBD by title company
    Tax Annual Amount
    217

    Building Details

    Additional Structures
    Shed(s)

    We can help!

    Listing Contact
    Dot Merrill
    Dot Merrill

    Listing agent Dot Merrill License #RRE-BRO-LIC-62146

    Listing office Keller Williams Western MT 1200 S Reserve Ste F, Missoula, MT

    Listing date May 17, 2026

    MLS# 30071237 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.

    HighLights

    • Includes two campers (32' 2015 Jayco and 26' 2005 Thor) with clean titles.
    • Serviced by city water and its own sewer.
    • Enclosed carport usable as a garage/shop.
    • Located close to Lima's park on the edge of town.
    • Metal storage shed included.
    • View of Lima Peaks.

    Overview

    This lot is situated in a recreational area, offering views of the Lima Peaks. Located on the edge of town near Lima's park, the property includes a fully enclosed carport currently utilized as a garage or shop. A metal storage shed provides space for lawn mowers and tools, and a three-sided shed serves as a sitting area. The property is connected to city water and has its own sewer system. Included with the property are two campers: a 32-foot 2015 Jayco set up for guests and a 26-foot 2005 Thor, previously used by the owners during the summer. Both campers have clean titles that will transfer at the time of sale. The lot size is 0.217 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Lima
    County
    Beaverhead
    State
    Montana
    Longitude
    -112.5890241
    Latitude
    44.6333216

    Nearby Similar for Sale

    • $1,750,000
      7,316 SF

      Montana Resort Hospitality Business Opportunity

      Turnkey resort in Montana's Centennial Valley with lodging and recreation.
      5200 Elk Lake Road, Lima, MT 59739
      View Details
    • $1,750,000

      Legacy Hospitality Business Opportunity

      Turnkey resort in Montana's Centennial Valley, ready for its next chapter.
      5200 Elk Lake Road, Lima, MT 59739
      View Details
    • $95,000

      Land in Rural Lima, Montana

      0.40-acre parcel ideal for cabin home or recreation getaway.
      Red Rock Road lot: 1-7, Lima, MT 59739
      View Details
    • $89,900

      Recreational Land in Lima, Montana

      Recreational land with campers and storage in Lima, Montana.
      10 W Bailey Street, Lima, MT 59739
      View Details
    • $215,000

      Land in Lima, Montana

      Vacant lot in Lima, MT near outdoor recreation.
      N Harrison, Lima, MT 59739
      View Details
    • $1,100,000

      280 Acres Centennial Valley Pasture

      280 acres of fenced pasture land in Centennial Valley.
      TBD Brundage Lane, Lima, MT 59739
      View Details
    • $1,100,000

      280 Acres of Fenced Pasture

      280 acres of fenced pasture with water rights included.
      TBD Brundage Lane, Lima, MT 59739
      View Details

    FAQs

    What type of property is this?
    Recreation land - Recreational land with campers and storage in Lima, Montana.
    Where is this recreation land located?
    The property is located at 10 W Bailey Street Lima, MT.
    What is the asking price?
    The asking price for this property is $89,900.
    What are key features of this property?
    This property features: Includes **two campers (32' 2015 Jayco and 26' 2005 Thor) with clean titles.**; Serviced by city water and its own sewer.; **Enclosed carport usable as a garage/shop.**
    (406) 570-9067
    We can help!
    Listing Contact
    Dot Merrill
    Dot Merrill
    Real Estate License ID: RRE-BRO-LIC-62146
    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

    Thank You for Inquiry
    10 W Bailey Street, Lima, MT 59739
    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!