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

    2520 Larkspur Ln Great Falls, MT 59404

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

    Build Your Dream Home & Shop!

    Property Features for 2520 Larkspur Ln

    General Information

    Property type
    Land
    Lot Size
    70,567 SF

    We can help!

    Listing Contact
    Jason Westmoreland
    Jason Westmoreland

    Listing Agent: Jason Westmoreland

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

    Learn more

    Property Insight Report

    Overview

    This exceptional 1.62-acre lot in the desirable Larkspur Estates subdivision presents a unique opportunity. Located near Great Falls city limits, this property offers both privacy and convenience. The centerpiece is a spacious, heated 50' x 50' shop (2,500 square feet), perfect for hobbyists, craftsmen, or entrepreneurs. The shop boasts a large overhead door, concrete floors, and is roughed-in for a bathroom. Ample exterior parking is available, and mature trees provide a picturesque setting. This lot is the last remaining parcel connected to the Larkspur community water system, simplifying utility connections. Septic approval is already in place, and utilities are readily accessible on the property. The property is subject to a Larkspur HOA easement for water system maintenance and snow fence storage at the rear of the lot. This is an ideal location to build your dream home while enjoying the benefits of a substantial workshop. Priced at $249,900, this property offers unparalleled value and potential. The address is 2520 Larkspur Lane, Great Falls, Montana, zip code 59404.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Real Estate Agency Nail Salon Hotel & Motel Gym & Fitness Center Auto Parts Store Kitchen & Bath Showroom Veterinary Clinic Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Great Falls
    County
    Cascade
    State
    Montana
    Longitude
    -111.3536906
    Latitude
    47.4550743

    Nearby Similar for Sale

    • $299,000
      6,000 SF

      Victorian Landmark Multifamily Opportunity

      Iconic Victorian ready for restoration, potential multifamily use.
      624 3Rd Ave N, Great Falls, MT 59401
      View Details
    • $405,000
      0.09 Acres

      Great Falls Fourplex For Sale

      Centrally located, income-producing fourplex with recent renovations and new roof.
      826 3Rd Ave S, Great Falls, MT 59405
      View Details
    • $399,000
      0.11 Acres

      Historic Great Falls Duplex

      Up/down duplex with retail potential in historic Great Falls.
      312 St NW, Great Falls, MT 59404
      View Details
    • $3,250,000
      41,000 SF

      Downtown Commercial Building and Warehouse

      Commercial building and warehouse in downtown Great Falls, Montana.
      201 2Nd Ave S, Great Falls, MT 59405
      View Details
    • $2,250,000
      15,000 SF

      Downtown Commercial Building with Showroom

      Commercial building in downtown Great Falls with showroom and warehouse.
      201 2Nd Ave South, Great Falls, MT 59405
      View Details
    • $37,500

      Garage Unit Near Great Falls Airport

      Conveniently located garage unit near Great Falls International Airport.
      2701 Terminal Dr, Great Falls, MT 59404
      View Details
    • $2,750,000

      91,000 SF Great Falls Building

      Prime investment opportunity in the heart of Great Falls, Montana.
      300 Central Ave, Great Falls, MT 59401
      View Details
    • $2,750,000
      91,000 SF

      Great Falls Office Building

      91,000 SF office building in Great Falls, Montana.
      300 Central Ave, Great Falls, MT 59401
      View Details
    • Contact for pricing
      2,656 SF

      Great Falls NNN Investment Property

      Long-term NNN lease with attractive rental increases in Great Falls.
      4900 2Nd Ave N, Great Falls, MT 59405
      View Details
    • $539,000
      0.90 Acres

      Prime Great Falls Retail/Office Space

      Spacious Multi-Level Commercial Building in Montana
      715 13Th Ave, Great Falls, MT 59405
      View Details
    • Contact for pricing
      1,565 SF

      Downtown Loft in Historic Johnson Hotel

      Luxurious 2 bed, 2 bath loft with city views.
      417 Central Ave, Great Falls, MT 59401
      View Details
    • $1,122,328
      2,656 SF

      Great Falls Pizza Hut Investment

      Profitable Pizza Hut, NNN Lease, Great Falls, MT
      4900 2nd Ave N, Great Falls, MT 59405
      View Details

    FAQs

    What type of property is this?
    Land - Build Your Dream Home & Shop!
    Where is this land located?
    The property is located at 2520 Larkspur Ln Great Falls, MT.
    What is the asking price?
    The asking price for this property is $249,900.
    What are key features of this property?
    This property features: $249,900 asking price; 1.62-acre residential land lot; Located in Great Falls, MT, in the Larkspur Estates subdivision
    (406) 868-8878 Call to check price and availability
    Request Owner's contact information
    2520 Larkspur Ln Great Falls, MT 59404
    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.
    2520 Larkspur Ln
    Great Falls, MT 59404
    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
    2520 Larkspur Ln Great Falls, MT 59404
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jason Westmoreland
    Jason Westmoreland
    Real Estate License ID: 15921
    (406) 868-8878
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!