Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1817 Haynes Ave Miles City, MT 59301

    Sponsored
    For Sale
    $450,000

    Prime 1.997-acre commercial lot, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    402
    This exceptional 1.997-acre commercial land parcel, located at 1817 S Haynes Ave in Miles City, Montana (zip code 59301), presents a compelling investment opportunity. Priced at $450,000 ($5.16 per square foot), this property boasts a highly desirable C-1 Commercial zoning designation. Its strategic location near an I-90 interchange places it within a thriving commercial corridor, surrounded by established businesses including hotels, fuel stations, shopping centers, and restaurants. The property's adjacency to a new Cenex Truck Stop ensures high visibility and significant interstate traffic exposure, creating an excellent foundation for a variety of commercial ventures. Conveniently situated in Custer County, this lot offers immediate access to city water and sewer services, simplifying development and reducing infrastructure costs. The property's size and location make it suitable for a wide range of commercial uses, offering significant potential for future growth and return on investment. This is a rare opportunity to acquire a prime commercial lot in a rapidly developing area of Miles City. Don't miss out on this exceptional investment prospect.

    Property Features for 1817 Haynes Ave

    General Information

    Property type
    Land
    Lot Size
    86,989 SF

    HighLights

    • Surrounded by hotels, fuel stations, shopping centers, and restaurants.
    • Adjacent to a new Cenex Truck Stop with high interstate traffic.
    • City water and sewer available.
    • C‑1 Commercial zoning.
    • 1.997 acres for $450,000 ($5.16 per square foot).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Miles City
    County
    Custer
    State
    Montana
    Longitude
    -105.8227887
    Latitude
    46.3952994

    Nearby Comparable

    • $391,000
      1 SF

      Prime Commercial Land I-90 Visibility

      1.997-acre commercial lot with high I-90 visibility.
      1817 South Haynes Ave, Miles City, MT 59301
      View Details
    • Contact for pricing
      3,000 SF

      New Retail Space Near Walmart

      1,500 SF retail space with high visibility and ample parking.
      3016 Stower St, Miles City, MT 59301
      View Details
    • $1,150,000
      9,600 SF

      Retail Building on Main Street

      9,600 SF retail building on a 28,000 SF lot.
      2913 Main St, Miles City, MT 59301
      View Details
    • $357,000
      12,056 SF

      Downtown Commercial Building in Miles City

      Three-story commercial building in downtown Miles City, Montana.
      508 Main St, Miles City, MT 59301
      View Details
    • $7,395,000
      69,081 SF

      Miles City Multifamily Investment Portfolio

      Thriving property management business with nearly 100 units.
      603 Washington St, Miles City, MT 59301
      View Details
    • $250,000
      324 SF

      Radio Station and Tower Site

      Radio station, equipment, and tower site for sale.
      355 Signal Butte Rd, Miles City, MT 59301
      View Details
    • Contact for pricing
      7,164.00 Acres

      Montana Riverfront Farmland

      7,164 acres, Irrigated farmland, Hunting/Fishing
      Farm Yellowstone Riv, Miles City, MT 59301
      View Details

    Nearby Similar for Sale

    • $1,850,000
      1,703.00 Acres

      Montana Land with Yellowstone River Frontage

      1703-acre Montana property featuring 3+ miles of Yellowstone River frontage.
      Rural Hwy 253, Miles City, MT 59349
      View Details
    • $357,000
      12,056 SF

      Downtown Commercial Building in Miles City

      Three-story commercial building in downtown Miles City, Montana.
      508 Main St, Miles City, MT 59301
      View Details
    • $7,395,000
      69,081 SF

      Miles City Multifamily Investment Portfolio

      Thriving property management business with nearly 100 units.
      603 Washington St, Miles City, MT 59301
      View Details
    • Contact for pricing
      3,000 SF

      New Retail Space Near Walmart

      1,500 SF retail space with high visibility and ample parking.
      3016 Stower St, Miles City, MT 59301
      View Details
    • $1,150,000
      9,600 SF

      Retail Building on Main Street

      9,600 SF retail building on a 28,000 SF lot.
      2913 Main St, Miles City, MT 59301
      View Details

    FAQs

    What type of property is this?
    Land - Prime 1.997-acre commercial lot, ideal for development.
    Where is this land located?
    The property is located at 1817 Haynes Ave Miles City, MT.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: Surrounded by hotels, fuel stations, shopping centers, and restaurants.; Adjacent to a new Cenex Truck Stop with high interstate traffic.; City water and sewer available.
    Request Owner's contact information
    1817 Haynes Ave Miles City, MT 59301
    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.
    1817 Haynes Ave
    Miles City, MT 59301
    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
    1817 Haynes Ave Miles City, MT 59301
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.