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 Lot 3 TK Court Florence, MT 59833

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    5.05-acre land with water rights near Missoula.

    Type:Land
    Lot size:
    5.05 Acres
    Added:
    Mar 29, 2024
    Days on Market:
    739
    Last Refresh:
    Mar 17 at 1:25 pm

    Property Features for NHN Lot 3 TK Court

    General Information

    Standard status
    Active
    Lot size
    5.05 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Laurie Rowley

    Listing agent Laurie Rowley License #RRE-RBS-LIC-54803

    Listing office NextHome Mountain Life

    Listing date Mar 29, 2024

    Source Crexi

    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 NextHome Mountain Life

    Overview

    Florence Land Parcel with Water

    This 5.05-acre land parcel is part of a 5-lot subdivision. It features water rights to the 8 Mile Ditch for irrigation. Essential utilities such as electric and broadband are available. The septic and well have been approved, and the power lines will be buried. Fairview Estate Covenants will allow for a reasonable amount of animals such as goats, sheep and chickens and even a 4-H calve. This lot will also allow for up to 2 horses. It is located about 20 minutes from Missoula.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Florence
    County
    Ravalli
    State
    Montana
    Longitude
    -114.166
    Latitude
    46.6564

    Nearby Similar for Sale

    • $785,000

      Expansive Farmland in Florence, Montana

      156+ acre property with farmland and native sage landscape.
      Tract 2 Jenne Lane, Florence, MT 59833
      View Details
    • $785,000

      Expansive Florence Land Parcel

      156+ acre parcel on Florence's east side.
      Tract 2 Jenne Lane, Florence, MT 59833
      View Details
    • $285,000

      Versatile Land with Development Potential

      58+ acres with buildable parcels, solar potential, and wildlife.
      18866 Copper Ridge Trail, Florence, MT 59833
      View Details
    • $749,000

      Prime Commercial Land in Florence

      13-acre commercial land with highway frontage and development potential.
      Homestead Gateway, Florence, MT 59833
      View Details
    • $299,000

      Shop Space in Florence, MT

      Functional shop space on a 0.47-acre lot near Florence.
      NHN Klements Lane, Florence, MT 59833
      View Details
    • $199,000

      Montana Land with Mountain Views

      1.83 acres in Sandhill Ridge with stunning mountain views.
      842 Sandhill Loop, Florence, MT 59833
      View Details
    • $199,000

      Residential Land in Florence, Montana

      0.74-acre parcel in One Horse Estates with mountain views.
      5333 High Meadow Drive, Florence, MT 59833
      View Details
    • $275,000

      Florence Land with Mountain Views

      5-acre parcel with mountain views and septic approval.
      NHN Two Moons Road, Florence, MT 59833
      View Details
    • $289,000

      Florence, MT 4.31-Acre Lot

      4.31-acre lot with mountain views and utilities available.
      NHN Lot 4 Fairview Lane, Florence, MT 59833
      View Details
    • $199,000

      Residential Land in Florence, Montana

      0.74-acre parcel in One Horse Estates subdivision with mountain views.
      5333 High Meadow Drive, Florence, MT 59833
      View Details
    • $214,999

      Montana Land with Mountain Views

      10-acre Montana land with outbuildings and off-grid potential.
      19063 Copper Ridge Trail, Florence, MT 59833
      View Details
    • $249,000

      Florence, MT Land Opportunity

      3.96 acres in Florence, MT with mountain views.
      NHN Lot 1 Fairview Lane, Florence, MT 59833
      View Details

    FAQs

    What type of property is this?
    Land - 5.05-acre land with water rights near Missoula.
    Where is this land located?
    The property is located at NHN Lot 3 TK Court Florence, MT.
    What is the asking price?
    The asking price for this property is $289,000.
    What are key features of this property?
    This property features: DEQ Approved Well and Septic System; Water Rights for Irrigation (8 Mile Ditch); 5.05 Acre Land Parcel
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Laurie Rowley
    Real Estate License ID: RRE-RBS-LIC-54803
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!