Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    108 Acres Bordering State Land Title is generated by Realmo AI

    Lots 3 & 4 Jenkins Way, Corvallis, MT 59828

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Off-grid living with mountain views near Hamilton, Montana.

    Type:Land
    Lot size:
    108.00 Acres
    Added:
    Jul 31, 2021
    Days on Market:
    1772
    Last Refresh:
    May 19 at 9:36 pm

    Property Features for Lots 3 & 4 Jenkins Way

    General Information

    Standard status
    Active
    Lot size
    108.00 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Wanda Sumner

    Listing agent Wanda Sumner License #RRE-BRO-LIC-89011

    Listing office Berkshire Hathaway HomeServices - Hamilton

    Listing date Jul 31, 2021

    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 Berkshire Hathaway HomeServices - Hamilton

    HighLights

    • 108 acres of off‑grid living bordering 274 acres of state land.
    • Only 15 minutes to Hamilton with easy year‑round access.
    • Abundance of wildlife and unlimited recreational exploring.
    • Picturesque views of the Bitterroot Mountain Range and valley.
    • Outstanding building sites for a home or cabin.
    • Private canyon on the property offering peace and serenity.

    Overview

    This 108-acre property offers off-grid living and privacy, bordering 274 acres of state land, yet remains conveniently located just 15 minutes from Hamilton. The land supports an abundance of wildlife and features picturesque views of the Bitterroot Mountain Range, the valley floor, soaring pine trees, and enormous rock outcroppings. Unlimited recreational opportunities are available for exploring by foot or motorized vehicle. The property includes a canyon, offering a peaceful environment. Outstanding building sites are present for a home or cabin. The property has easy year-round access.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Corvallis
    County
    Ravalli
    State
    Montana
    Longitude
    -113.967
    Latitude
    46.3311

    Nearby Similar for Sale

    • $497,000

      Corvallis Multifamily Property on Acreage

      3.28-acre property with duplex, outbuildings, and development potential.
      611 Old Corvallis Road, Corvallis, MT 59828
      View Details
    • $2,300,000

      Equestrian and Event Center on Acres

      Turnkey equestrian and event facility on 20.49 acres in Montana.
      224 Rusty Spur Way, Corvallis, MT 59828
      View Details
    • $549,000

      Corvallis, Montana Land For Sale

      20.065-acre property with irrigation, mountain views, and septic approval.
      583 Arley Lane, Corvallis, MT 59828
      View Details
    • $450,000

      Scenic Land with Hunting Potential

      20 acres bordering state lands, ideal for outdoor recreation.
      Tract 271 Sapphire Ranch Trail, Corvallis, MT 59828
      View Details
    • $1,250,000

      Montana Land with Mountain Views

      141 acres of land with unobstructed mountain views.
      Painted Sky Overlook, Corvallis, MT 59828
      View Details
    • $450,000

      20 Acres of Montana Land

      Scenic 20-acre property with state land border and hunting opportunities.
      Tract 271 Sapphire Ranch Trail, Corvallis, MT 59828
      View Details
    • $447,000

      5-Acre Parcel with Creek Frontage

      5-acre parcel with creek, mountain views, well, and electricity.
      669 Farm Way, Corvallis, MT 59828
      View Details
    • $215,000

      Land with Bitterroot Valley Views

      5.05-acre parcel in Corvallis Hills with panoramic views.
      Corvallis Hill Drive, Corvallis, MT 59828
      View Details
    • $1,250,000

      Montana Land with Mountain Views

      141 acres of Montana land with unobstructed mountain views.
      Painted Sky Overlook, Corvallis, MT 59828
      View Details
    • $450,000

      Sapphire Ranch Land For Sale

      Land tract available in Sapphire Ranch, Corvallis, Montana.
      Tract 271 Sapphire Ranch Trail, Corvallis, MT 59828
      View Details
    • $1,500,000

      80 Acres with Mountain Views

      80 acres in Corvallis, MT with mountain views.
      Sapphire Ranch Trail lot: A And B, Corvallis, MT 59828
      View Details
    • $350,000

      4.86 Acre Homesite in Corvallis

      Exceptional land parcel with mountain views, ready for custom build.
      NHN Cloud Nine Lane, Corvallis, MT 59828
      View Details

    FAQs

    What type of property is this?
    Land - Off-grid living with mountain views near Hamilton, Montana.
    Where is this land located?
    The property is located at Lots 3 & 4 Jenkins Way Corvallis, MT.
    What is the asking price?
    The asking price for this property is $1,080,000.
    What are key features of this property?
    This property features: 108 acres of off‑grid living bordering 274 acres of state land.; Only 15 minutes to Hamilton with easy year‑round access.; Abundance of wildlife and unlimited recreational exploring.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Wanda Sumner
    Real Estate License ID: RRE-BRO-LIC-89011
    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
    Lots 3 & 4 Jenkins Way, Corvallis, MT 59828
    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!