Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    Lot 230 & 231 Rolling Prairie Way, Three Forks, MT 59752

    View on Map
    Claim this Listing
    New
    For Sale
    $152,400

    LAND - Three Forks, MT

    Lot size:
    2.54 Acres
    Added:
    May 18, 2026
    Days on Market:
    7
    Last Refresh:
    May 24 at 12:06 pm

    Property Features for Lot 230 & 231 Rolling Prairie Way

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    0002412146
    Lot size
    2.54 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Description
    PRICE HILLS MAJOR SUB AKA THE VILLAGE AT ELK RIDGE MAJOR SUB, S04, T02 N, R01 E, Lot 231, ACRES 1.13, PLAT 2-232 & PRICE HILLS MAJOR SUB AKA THE VILLAGE AT ELK RIDGE MAJOR SUB, S04, T02 N, R01 E, Lot 230, ACRES 1.41, PLAT 2-232
    Tax Annual Amount
    758

    Utilities

    Utilities
    Propane

    We can help!

    Listing Contact
    Rod MacKay

    Listing agent Rod MacKay License #RBS-88082

    Listing office Keller Williams Montana Realty 515 W Aspen St. Suite 200 E, Bozeman, MT

    Listing date May 18, 2026

    MLS# 411380 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.

    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Big Box & Wholesale Store Hotel & Motel Storage Facility Food Market Furniture & Home Goods

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Three Forks
    County
    Gallatin
    State
    Montana
    Longitude
    -111.6172946
    Latitude
    45.9533716

    Nearby Similar for Sale

    • $270,000
      4,080 SF

      Main Street Commercial Land Opportunity

      High-visibility commercial lot in downtown Three Forks with development potential.
      408 S Main Street, Three Forks, MT 59752
      View Details
    • $360,000

      Downtown Three Forks Commercial Lots

      Two combined commercial lots on Main Street in Three Forks.
      118 Main Street, Three Forks, MT 59752
      View Details
    • $850,000
      3,024 SF

      Duplex on 20 Acres Bordering State Land

      Move-in ready duplex on 20 acres with mountain views.
      86 Austin Drive, Three Forks, MT 59752
      View Details
    • $610,000

      Three Forks Multifamily Investment Property

      Multifamily property in Three Forks, MT, near golf course.
      316 6th Ave E, Three Forks, MT 59752
      View Details
    • $1,500,000

      Three Forks Land For Sale

      13.9 acres near Three Forks Airport with commercial potential.
      323 W Ivy Street, Three Forks, MT 59752
      View Details
    • $60,000

      Ready-to-Build Land in Three Forks

      1.04-acre lot in established subdivision near Bozeman, Helena, Butte.
      Lot 173 Western Larch Place, Three Forks, MT 59752
      View Details
    • $60,000

      Ready-to-Build Lot in Elk Ridge

      1.04-acre lot with power, access, and shared amenities.
      Western Larch Place lot: 173, Three Forks, MT 59752
      View Details
    • $620,000

      Charming Fourplex in Three Forks

      Historic fourplex with modern updates and income potential.
      220 4th Avenue E, Three Forks, MT 59752
      View Details
    • $67,000

      Three Forks Land with Views

      1+ acre lot near Three Forks, Montana, with views.
      4 Naya Niki Peak, Three Forks, MT 59752
      View Details
    • $99,000

      One Acre Lot in Montana

      One-acre lot with views, utilities, and paved access.
      Red Shoulder Lane, Three Forks, MT 59752
      View Details
    • $425,000

      Development Opportunity in Three Forks

      Two lots with city-approved triplex plans in Three Forks.
      623 E Neal Street, Three Forks, MT 59752
      View Details
    • $95,000

      Land in Peaceful Three Forks

      1.32 acre parcel for custom home with mountain views.
      Baneberry Court lot: 107, Three Forks, MT 59752
      View Details

    FAQs

    Where is this residential land & home lot located?
    The property is located at Lot 230 & 231 Rolling Prairie Way Three Forks, MT.
    What is the asking price?
    The asking price for this property is $152,400.
    (406) 580-1715
    We can help!
    Listing Contact
    Rod MacKay
    Real Estate License ID: RBS-88082
    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
    (Lot 230 & 231) Rolling Prairie Way, Three Forks, MT 59752
    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!