Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Montana Land with Mountain Views Title is generated by Realmo AI

    138 Grassy Loop, Eureka, MT 59917

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    2.29 acre property near Lake Koocanusa and ski resorts.

    Type:Land
    Lot size:
    2.29 Acres
    Added:
    Jan 3, 2024
    Days on Market:
    883
    Last Refresh:
    May 13 at 8:09 pm

    Property Features for 138 Grassy Loop

    General Information

    Standard status
    Active
    Lot size
    2.29 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Adam Libby
    Adam Libby

    Listing agent Adam Libby License #RRE-RBS-LIC-86138

    Listing office National Parks Realty - Eureka

    Listing date Jan 3, 2024

    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 National Parks Realty - Eureka

    HighLights

    • 2.29 acre property in Montana
    • Enjoy mountain views and lush meadows
    • Close proximity to Lake Koocanusa
    • Close to two ski resorts
    • Ideal for outdoor recreation including hiking, fishing, and camping
    • Close to local amenities

    Overview

    This 2.29-acre property in Montana offers opportunities for outdoor recreation and a country lifestyle. The land features mountain views and meadows. The location provides convenient access to local amenities. Recreational opportunities include hiking, fishing, and camping. The property is located near Lake Koocanusa and two ski resorts.
    Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Eureka
    County
    Lincoln
    State
    Montana
    Longitude
    -114.914
    Latitude
    48.7766

    Nearby Similar for Sale

    • $799,900

      Versatile Commercial Building in Eureka

      Adaptable commercial building suitable for various business uses.
      657 Us Hwy 93 N, Eureka, MT 59917
      View Details
    • $799,900
      4,200 SF

      Retail Building with Highway Visibility

      Flexible interior with open layout and dual drive-up windows, positioned for high-visibility retail or service operations.
      657 Us Hwy 93 N, Eureka, MT 59917
      View Details
    • $350,000

      Established Organic Market Business Opportunity

      Thriving organic market business for sale in Eureka, Montana.
      355 Us Hwy 93 N Suite A, Eureka, MT 59917
      View Details
    • $1,499,000
      8,466 SF

      Mixed-Use Retail and Apartment Property

      Single-level, fully leased mixed-use building with highway signage, multiple retail tenants, an on-site apartment, and accessible facilities.
      376 US Highway 93 N, Eureka, MT 59917
      View Details
    • $499,000

      Equestrian Property with Mountain Views

      5-acre Eureka, MT property with arena and irrigated pastures.
      5626 Airport Road, Eureka, MT 59917
      View Details
    • $160,000

      Recreational Cabin Homesite with RV Access

      A level, 1.39-acre homesite near downtown Eureka and the Canadian border, already improved for cabin or RV stays.
      198 Acres Lane, Eureka, MT 59917
      View Details
    • $149,000

      Land Near Lake Koocanusa

      1.35-acre lot near Lake Koocanusa with no covenants.
      77 Ingram Road, Eureka, MT 59917
      View Details
    • $2,950,000

      Pristine Land with Lake Frontage

      160 acres of untouched land with lake frontage.
      2650 Sophie Lake Road, Eureka, MT 59917
      View Details
    • $700,000

      Eureka Montana Six-Plex Investment Opportunity

      Well-maintained six-plex in Eureka, offering steady rental income.
      575 9th Street, Eureka, MT 59917
      View Details
    • $280,000

      Land Near Glen Lake

      One acre property near Glen Lake with utilities and bunkhouse.
      227 Elk Trail, Eureka, MT 59917
      View Details
    • $700,000

      Eureka Montana Multi-Family Investment

      Six-plex in Eureka, MT with steady rental income.
      575 9th Street, Eureka, MT 59917
      View Details
    • $185,000

      Luxurious RV Lot with Pond View

      Fully equipped RV lot with clubhouse shed and outdoor entertainment.
      185 Kingfisher Loop, Eureka, MT 59917
      View Details

    FAQs

    What type of property is this?
    Land - 2.29 acre property near Lake Koocanusa and ski resorts.
    Where is this land located?
    The property is located at 138 Grassy Loop Eureka, MT.
    What is the asking price?
    The asking price for this property is $180,000.
    What are key features of this property?
    This property features: 2.29 acre property in Montana; Enjoy mountain views and lush meadows; Close proximity to Lake Koocanusa
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Adam Libby
    Adam Libby
    Real Estate License ID: RRE-RBS-LIC-86138
    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
    138 Grassy Loop, Eureka, MT 59917
    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!