Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Mixed-Use Property Near Bitterroot River Title is generated by Realmo AI

    529/527 W River Road, Hamilton, MT 59840

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,975,000

    Investment property with multiple income streams near Bitterroot River.

    Type:Commercial/Industrial
    Property size:
    13,603 SF
    Lot size:
    3.47 Acres
    Price / SF:
    $218/SF
    Added:
    Mar 11, 2026
    Days on Market:
    68
    Last Refresh:
    Apr 6 at 3:04 am

    Property Features for 529/527 W River Road

    General Information

    Standard status
    Active
    Size
    13,603 SF
    Lot size
    3.47 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    2007

    We can help!

    Listing Contact
    Marty G. Kukich

    Listing agent Marty G. Kukich License #RRE-BRO-LIC-5929

    Listing office Martin G. Kukich Broker

    Listing date Mar 11, 2026

    Source Exitrealty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Martin G. Kukich Broker

    HighLights

    • Investment property already split into 2 lots.
    • Main building includes multiple rental units: two 1‑bedroom apartments, one 3‑bed/2‑bath apartment, and one 2‑bed/2‑bath apartment.
    • Additional 4‑bed/2‑bath home with detached 2‑car garage and year‑round creek/apple orchard.
    • Former Ballet Bitterroot Dance Academy with 2 dance studios, entry/daycare area, and 2 bathrooms.
    • Fully furnished, state‑of‑the‑art gym.
    • Doublewide mobile home and RV spot with hookups included.

    Overview

    This mixed-use property, located on the outskirts of Hamilton, MT, is divided into two lots. The main building formerly housed the Ballet Bitterroot Dance Academy, featuring two dance studios, an entry/daycare area, and two bathrooms. It also includes a fully furnished, state-of-the-art gym, two one-bedroom apartments, a three-bedroom, two-bath apartment, and a two-bedroom, two-bath apartment. Much of the main building has been remodeled and repainted. The property also includes a doublewide mobile home and an extra RV spot with full hookups suitable for another mobile home or RV. A separate four-bedroom, two-bath home with a detached two-car garage is present, along with a year-round creek and apple orchard. Additionally, there is a metal building with a concrete floor and 110V & 220V electricity. The property is located within walking distance of the Bitterroot River and the Linda Massa Memorial Art Park.
    Location Intelligence

    Current Use by Public Records

    Fitness centers & gyms

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Hamilton
    County
    Ravalli
    State
    Montana
    Longitude
    -114.165
    Latitude
    46.2797

    Nearby Similar for Sale

    • $675,000
      1,700 SF

      Hamilton Multifamily Home with Acreage

      Multifamily property on 2.53 acres near downtown Hamilton, MT.
      212 Canyon Creek Road, Hamilton, MT 59840
      View Details
    • $549,000

      Historic Hamilton Mixed-Use Building

      Iconic downtown building with retail, office, and residential potential.
      120 N 2nd Street, Hamilton, MT 59840
      View Details
    • $1,099,000

      Highway 93 Corner Parcel

      Corner parcel on Highway 93 with commercial and residential potential.
      702 & 700 S 1st Street, Hamilton, MT 59840
      View Details
    • $899,000

      Historic Landmark in Downtown Hamilton

      Iconic 1910 building with commercial space and apartments.
      169 S 2nd Street, Hamilton, MT 59840
      View Details
    • $125,000

      Highway 93 Commercial Space

      Open commercial space suitable for retail or commercial use.
      410 North 1st Street, Hamilton, MT 59840
      View Details
    • $1,099,000

      Highway 93 Corner Parcel

      Corner parcel on Highway 93 with commercial and residential potential.
      702 & 700 S 1st Street, Hamilton, MT 59840
      View Details
    • $484,500

      Downtown Hamilton Building For Sale

      Prime Main Street location in vibrant downtown Hamilton, Montana.
      335 W Main Street, Hamilton, MT 59840
      View Details
    • $4,000,000
      61,120 SF

      Bitterroot Valley Shopping Center ForSale

      Anchored shopping center with development land on busy Highway 93.
      1235-1265 N. 1st Street, Hamilton, MT 59840
      View Details
    • $2,100,000
      11,824 SF

      Highway 93 Frontage Office Building

      Office building with high visibility and development potential.
      1920 N 1st St, Hamilton, MT
      View Details
    • Contact for pricing
      2,000 SF

      Prime Retail Build-to-Suit Opportunity

      Build-to-suit retail space with high traffic counts.
      1006 N 1st Street, Hamilton, MT 59840
      View Details
    • $1,300,000
      7,776 SF

      Prime Commercial Property in Hamilton

      High-visibility mixed-use property on Highway 93 in Hamilton, Montana.
      225 S 1st Street, Hamilton, MT 59840
      View Details
    • $599,900

      Mixed Use, Multifamily

      120 N 2nd Street, Hamilton, MT 59840
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Investment property with multiple income streams near Bitterroot River.
    Where is this mixed-use property located?
    The property is located at 529/527 W River Road Hamilton, MT.
    What is the asking price?
    The asking price for this property is $2,975,000.
    What are key features of this property?
    This property features: Investment property already split into 2 lots.; Main building includes multiple rental units: **two 1‑bedroom apartments, one 3‑bed/2‑bath apartment, and one 2‑bed/2‑bath apartment.**; Additional **4‑bed/2‑bath home with detached 2‑car garage and year‑round creek/apple orchard.**
    (406) 241-9982
    We can help!
    Listing Contact
    Marty G. Kukich
    Real Estate License ID: RRE-BRO-LIC-5929
    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
    529/527 W River Road, Hamilton, MT 59840
    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!