Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    16 The Lookout Eureka, MT 59917

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $120,000

    2.15 Acres, Stunning Views, Prime Location

    Property Features for 16 The Lookout

    General Information

    Property type
    Land
    Lot Size
    93,610 SF

    We can help!

    Listing Contact
    Terry Comstock
    Terry Comstock

    Listing Agency: Corder and Associates, LLC Listing Agent: Terry Comstock

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

    Learn more

    Overview

    This exceptional 2.149-acre residential lot, identified as Lot 16 in the prestigious Lookout subdivision near Eureka, Montana, presents a unique opportunity for building your dream home. Located just two miles from downtown Eureka, this property offers unparalleled access to the surrounding natural beauty. The Lookout is completely encircled by National Forest land, providing direct access for hiking, hunting, fishing, and other outdoor pursuits. Most lots within the community boast breathtaking views, and this particular lot is no exception. Enjoy the convenience of being less than fifteen minutes away from four recreational lakes, perfect for boating, swimming, and water sports. For winter enthusiasts, three renowned ski resorts and the Flathead Valley, including Glacier National Park and Glacier International Airport, are all within an hour's drive. The property's address is Lot 16 The Lookout, Eureka, MT 59917. The asking price for this remarkable piece of land is $120,000. This is an exceptional investment in a lifestyle surrounded by nature, yet close to amenities and recreational opportunities. Don't miss this chance to own a piece of Montana paradise.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Eureka
    County
    Lincoln
    State
    Montana
    Longitude
    -115.0572662
    Latitude
    48.8892935

    Nearby Similar for Sale

    • $599,000
      0.23 Acres

      Income-Producing Homes in Eureka, MT

      Three homes on one lot with strong rental history.
      450 6Th Ave E, Eureka, MT 59917
      View Details
    • $899,900
      4,200 SF

      Versatile Commercial Building in Eureka

      Adaptable commercial building suitable for various business uses.
      657 Us Highway 93 N, Eureka, MT 59917
      View Details
    • $899,900
      1.03 Acres

      Versatile Commercial Building in Eureka

      Adaptable commercial building suitable for various business uses.
      657 Us Highway 93 N, Eureka, MT 59917
      View Details
    • $700,000
      0.48 Acres

      Eureka Montana Six-Plex Investment Opportunity

      Well-maintained six-plex in Eureka, offering steady rental income.
      575 9 St, Eureka, MT 59917
      View Details
    • $229,000
      720 SF

      Eureka Commercial Building - High Visibility

      Prime Eureka location, versatile space, high traffic.
      116 Dewey Ave, Eureka, MT 59917
      View Details
    • $450,000

      Eureka Commercial Property - Highway 93

      Versatile Retail/Office Space, High Visibility
      625 Us Highway 93, Eureka, MT 59917
      View Details
    • $589,900
      2,232 SF

      Eureka Restaurant - Turnkey Opportunity

      Established eatery, 2232 sq ft, prime location.
      607 3 Ave, Eureka, MT 59917
      View Details
    • $330,000
      0.15 Acres

      Eureka Mixed-Use Commercial Building

      Prime Eureka location, two units, $330,000.
      115 Dewey Ave, Eureka, MT 59917
      View Details
    • $129,000
      1,800 SF

      Luxury RV Lot in Eureka

      Serviced RV lot near golf, lakes, and recreation.
      210 Kingfisher Loop, Eureka, MT 59917
      View Details

    FAQs

    What type of property is this?
    Land - 2.15 Acres, Stunning Views, Prime Location
    Where is this land located?
    The property is located at 16 The Lookout Eureka, MT.
    What is the asking price?
    The asking price for this property is $120,000.
    (406) 250-7722
    Request Owner's contact information
    16 The Lookout Eureka, MT 59917
    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.
    16 The Lookout
    Eureka, MT 59917
    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
    16 The Lookout Eureka, MT 59917
    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

    We can help!
    Listing Contact
    Terry Comstock
    Terry Comstock
    Real Estate License ID: 58858
    (406) 250-7722
    Learn more
    Google sign-in failed. Please try again or use another login method.