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
    The Largest CRE Database in the US with Over 1 Million Listings

    Nhn Lot 9- Aspen Rdg Stevensville, MT 59833

    Sponsored
    For Sale
    $240,000

    2.2-Acre Residential Lot in Florence, MT

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    427
    This exceptional 2.2-acre residential lot presents a unique opportunity to build your dream home in the prestigious Aspen Ridge neighborhood. Located in Florence, Montana, near Stevensville, and boasting breathtaking views of the snow-capped Bitterroot Mountains and the valley below, this property offers unparalleled access to outdoor recreation. Aspen Ridge is a planned community featuring 24 premium homesites ranging from 2 to 6.95 acres, ensuring privacy and tranquility. The lot's location provides easy access to Missoula, renowned trout streams, and the vast wilderness areas Montana is famous for. The asking price is $240,000, making it an ideal investment for those seeking a secluded yet conveniently located mountain property. This is a chance to create a custom Montana masterpiece in a stunning setting, close to both natural beauty and urban amenities. The property is situated in the eastern portion of the Sapphire Mountains, offering a peaceful retreat while remaining within a short driving distance of Missoula and its various services. Buyers are encouraged to bring their own builder to realize their vision for a perfect Montana home. The zip code is 59833, and the property is conveniently located in Ravalli County. This is a rare opportunity to own a piece of Montana's stunning landscape.

    Property Features for 0 Nhn Lot 9- Aspen Rdg

    General Information

    Property type
    Land
    Lot Size
    95,832 SF

    We can help!

    Listing Contact
    Sandy Mo Adkins
    Sandy Mo Adkins

    Learn more

    HighLights

    • $240,000 asking price.
    • 2.2‑acre residential land lot.
    • Located in Florence, Montana, near Stevensville (zip code 59833).
    • Part of the Aspen Ridge neighborhood, offering premier homesites with mountain views.
    • Short drive to Missoula and recreational areas.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Stevensville
    County
    Ravalli
    State
    Montana
    Longitude
    -114.0160543
    Latitude
    46.6206764

    Nearby Comparable

    • $275,000
      2.26 Acres

      Aspen Ridge Montana Homesite

      2.26-Acre Residential Lot, $275,000
      0 Nhn Lot 22- Aspen Rdg, Stevensville, MT 59833
      View Details
    • $260,000
      2.26 Acres

      Aspen Ridge Montana Homesite

      2.26-Acre Residential Lot, $260,000
      0 Nhn Lot 16- Aspen Rdg, Stevensville, MT 59833
      View Details
    • $319,000
      6.95 Acres

      Montana Mountain Homesite

      6.95 Acres, Stunning Views
      0 Nhn Lot 5- Aspen Rdg, Stevensville, MT 59833
      View Details
    • $312,000
      2.13 Acres

      Montana Mountain Homesite

      2.13 Acres, Stunning Views
      0 Nhn Lot 3- Aspen Rdg, Stevensville, MT 59833
      View Details
    • $265,000
      2.00 Acres

      Aspen Ridge Montana Homesite

      Prime 2-acre Montana residential lot.
      0 Nhn Lot 19- Aspen Rdg, Stevensville, MT 59833
      View Details
    • $255,000
      2.01 Acres

      Montana Mountain Homesite

      2.01 Acres, Stunning Views
      0 Nhn Lot 17- Aspen Rdg, Stevensville, MT 59833
      View Details
    • $240,000
      2.02 Acres

      Montana Mountain Homesite

      2.02 Acres, Stunning Views, Prime Location
      0 Nhn Lot 12 - Aspen Rdg, Stevensville, MT 59833
      View Details
    • $255,000
      2.04 Acres

      Aspen Ridge Montana Homesite

      2.04-Acre Residential Lot, $255,000
      0 Nhn Lot 15- Aspen Rdg, Stevensville, MT 59833
      View Details
    • $265,000
      2.95 Acres

      Montana Mountain Homesite

      2.95 Acres, Stunning Views
      0 Nhn Lot 10 - Aspen Rdg, Stevensville, MT 59833
      View Details
    • $250,000
      2.09 Acres

      Montana Mountain Homesite

      2.09-acre residential lot, stunning views.
      0 Nhn Lot 11- Aspen Rdg, Stevensville, MT 59833
      View Details
    • $280,000
      2.39 Acres

      Montana Mountain Homesite

      2.39 Acres, Stunning Views
      0 Nhn Lot 23- Aspen Rdg, Stevensville, MT 59833
      View Details
    • $225,000
      3.10 Acres

      Aspen Ridge Montana Homesite

      3.1-Acre Residential Lot, $225,000
      0 Nhn Lot 8 - Aspen Rdg, Stevensville, MT 59833
      View Details

    Nearby Similar for Sale

    • $749,000

      Versatile Property with Creek Frontage

      Rare property with Ambrose Creek frontage, mountain views, and multiple dwellings.
      4358 Charlotte Way, Stevensville, MT 59870
      View Details
    • $999,999
      0.14 Acres

      Stevensville Medical Office Building For Sale

      Updated medical office building in Stevensville, move-in ready for healthcare providers.
      401 Main St, Stevensville, MT 59870
      View Details
    • $549,900
      1.24 Acres

      Two Homes on 1.24 Acres

      Two homes on a 1.24-acre lot in the Bitterroot Valley.
      160 Kootenai Creek Rd, Stevensville, MT 59870
      View Details
    • $475,000
      1,232 SF

      Stevensville Commercial Building with Views

      Charming commercial building near downtown Stevensville with mountain views.
      101 Church St, Stevensville, MT 59870
      View Details
    • $989,000
      1.10 Acres

      Stevensville Commercial Property on Highway

      Commercial property with highway frontage in Stevensville, Montana for sale.
      4062 Us Highway 93 N, Stevensville, MT 59870
      View Details
    • $119,000
      1,368 SF

      Spacious Mobile Home with Upgrades

      Move-in ready 3-bedroom mobile home with recent upgrades.
      101 Binks Way, Stevensville, MT 59870
      View Details
    • $685,000
      1,184 SF

      Stevensville Highway Commercial Property

      Highway 93 N, versatile commercial/residential space.
      3938 Us Highway 93, Stevensville, MT 59870
      View Details
    • $800,000
      2,713 SF

      Stevensville Retail Center - Prime Location

      Landmark Commercial Property, Huge Potential
      899 Three Mile Creek Rd, Stevensville, MT 59870
      View Details
    • $775,000
      0.87 Acres

      Historic Stevensville Mixed-Use Property

      Prime Commercial Opportunity, High Visibility
      3854 Us Highway 93, Stevensville, MT 59870
      View Details

    FAQs

    What type of property is this?
    Land - 2.2-Acre Residential Lot in Florence, MT
    Where is this land located?
    The property is located at Nhn Lot 9- Aspen Rdg Stevensville, MT.
    What is the asking price?
    The asking price for this property is $240,000.
    What are key features of this property?
    This property features: $240,000 asking price.; 2.2-acre residential land lot.; Located in Florence, Montana, near Stevensville (zip code 59833).
    Request Owner's contact information
    Nhn Lot 9- Aspen Rdg Stevensville, MT 59833
    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.
    Nhn Lot 9- Aspen Rdg
    Stevensville, MT 59833
    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
    Nhn Lot 9- Aspen Rdg Stevensville, MT 59833
    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
    Sandy Mo Adkins
    Sandy Mo Adkins
    Real Estate License ID: RRE-RBS-LIC-53163
    Learn more
    Google sign-in failed. Please try again or use another login method.