Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Montana Land with Mountain Views Title is generated by Realmo AI

    144 Acres Canal Road, Shawmut, MT 59078

    View on Map
    Claim this Listing
    New
    For Sale
    $349,900

    LAND - Shawmut, MT

    Lot size:
    144.10 Acres
    Added:
    May 8, 2026
    Days on Market:
    2
    Last Refresh:
    May 9 at 3:06 am

    Property Features for 144 Acres Canal Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    0947006134
    Lot size
    144.10 Acres

    Taxes and HOA fees

    Tax Description
    S20, T07 N, R18 E, C.O.S. 87689, TRACTS 134,135,136,137,138,140,141 FILED 6-12-1985
    Tax Annual Amount
    535

    We can help!

    Listing Contact
    Drew Hedrick

    Listing agent Drew Hedrick License #RRE-BRO-LIC-108537

    Listing office Real Estate Hub LLLP 27 Shiloh Rd, Suite #3, billings, MT

    Listing date May 8, 2026

    MLS# 359258 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

    • 144 acres comprised of five separate parcels offering flexibility and investment potential.
    • Live water running through the property enhances wildlife habitat, recreation, and overall appeal.
    • Excellent building sites with sweeping views of the Crazy Mountains and Musselshell River Valley.
    • Located in Elk/Deer Hunting District 535, known for trophy elk and strong draw odds.
    • Conveniently located less than two hours from Bozeman and just over an hour from Billings.
    • Year‑round county road access and planned rural water system expected around 2026.

    Overview

    This 144-acre property in Central Montana comprises five separately described parcels, providing flexibility and investment opportunities. It is located less than two hours from Bozeman and just over an hour from Billings, with year-round county road access. A planned rural water system is expected around 2026. Live water runs through the property, enhancing wildlife habitat, recreation, and overall appeal. Partial fencing is in place. The gently rolling terrain offers building sites with views of the Crazy Mountains and Musselshell River Valley. The property is located minutes from Deadman's Basin Reservoir for fishing and boating and lies in Elk/Deer Hunting District 535.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Shawmut
    County
    Wheatland
    State
    Montana
    Longitude
    -109.494149
    Latitude
    46.345957

    Nearby Similar for Sale

    • $120,000

      Shawmut Land with Mountain Views

      20.5 acre fenced property with shop and mountain views.
      Tract 105 Canal Rd lot: 105, Shawmut, MT 59078
      View Details
    • $75,000

      Shawmut, MT Land with Views

      20.05 acres overlooking Deadman's Basin Reservoir with mountain views.
      Tract 94 (Deadman's Basin), Shawmut, MT 59078
      View Details
    • $129,900

      80 Acres near Shawmut, MT

      80-acre land parcel with views of the Snowy Mountains.
      HEDGESVILLE RD, Shawmut, MT 59078
      View Details
    • $100,000

      26 Acres Near Deadman's Basin

      26-acre parcel with mountain views near Deadman's Basin Reservoir.
      Basin Acres, Shawmut, MT 59078
      View Details
    • $95,000

      21.6 Acres with Mountain Views

      21.6 acres with year-round access, power, and seller financing.
      DMB-18 Antelope Road, Shawmut, MT 59078
      View Details
    • $159,900

      Scenic Land Near Deadman's Basin

      62+ acres with water access and mountain views.
      62 Acres Canal Road, Shawmut, MT 59078
      View Details
    • $219,900

      81+ Acres Shawmut Land

      81+ acre property near Shawmut, MT with development potential.
      81 Acres Canal Road, Shawmut, MT 59078
      View Details
    • $156,000

      Montana Land with Reservoir Views

      42+ acres with reservoir views near Roundup and Harlowton.
      Shawmut, MT 59078
      View Details
    • $69,000

      Land with Snowy Mountain Views

      20+/- acres near Deadman's Basin with panoramic views.
      Tract 25 Antelope Road, Shawmut, MT 59078
      View Details

    FAQs

    What type of property is this?
    Land - 144 acres in Central Montana with water and views.
    Where is this land located?
    The property is located at 144 Acres Canal Road Shawmut, MT.
    What is the asking price?
    The asking price for this property is $349,900.
    What are key features of this property?
    This property features: 144 acres comprised of five separate parcels offering flexibility and investment potential.; Live water running through the property enhances wildlife habitat, recreation, and overall appeal.; **Excellent building sites with sweeping views** of the Crazy Mountains and Musselshell River Valley.
    (406) 671-1441
    We can help!
    Listing Contact
    Drew Hedrick
    Real Estate License ID: RRE-BRO-LIC-108537
    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
    144 Acres Canal Road, Shawmut, MT 59078
    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!