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    200-Acre Ranch with National Forest Access Title is generated by Realmo AI

    Springhill Vistas Ranch at Four Bar Ranches, Belgrade, MT 59714

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    Claim this Listing
    For Sale
    $4,900,000

    LAND - Belgrade, MT

    Lot size:
    200.55 Acres
    Added:
    Apr 14, 2026
    Days on Market:
    32
    Last Refresh:
    May 15 at 7:06 am

    Property Features for Springhill Vistas Ranch at Four Bar Ranches

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    REH56349
    Lot size
    200.55 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    S08, T01 N, R06 E, C.O.S. 3108, PARCEL TRACT 1, ACRES 200.55, NW4SW4
    Tax Annual Amount
    158

    Utilities

    Utilities
    Propane
    Water front features
    Creek
    Water front
    1

    We can help!

    Listing Contact
    Trent Lister
    Trent Lister

    Listing agent Trent Lister License #BRO-61700

    Listing office PureWest Real Estate Bozeman 708 N Rouse, Bozeman, MT

    Listing date Apr 14, 2026

    MLS# 410322 Listing URL

    Copyright © 2026 Big Sky Country MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Over 200 acres with direct access to 70,000+ acres of National Forest land, ensuring privacy and recreational opportunities.
    • Unrivaled, expansive views of the surrounding farmland and Gallatin Valley.
    • Live spring water source on the property.
    • Newly built, substantial 60x70 shop with power and stubbed plumbing.
    • Includes completed construction drawings, landscape plans, and an interior design package for a grand main residence.
    • Conveniently located 20 minutes from Bozeman's amenities while maintaining a remote and secluded setting.

    Overview

    This exclusive mountain enclave, Springhill Vistas Ranch, offers just over 200 acres of landscape. The property has direct access to over 70,000 acres of National Forest land. The land captures views of the surrounding farmland and the valley below. Live spring water originates on-property, providing water for both stock and wildlife. Elk, whitetail and mule deer, black bear, Hungarian partridge and mountain grouse can be seen throughout the year. Completed construction drawings, landscape plans, and an interior design package are available for consideration for a future main residence. The land includes open meadows, gentle ridge lines, and mature trees, offering building sites and flexibility for ranch or recreational uses. A 60x70 shop with power is in place and stubbed for plumbing. The property is located 20 minutes from Bozeman. This parcel delivers scale, vision, and opportunity.
    Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Belgrade
    County
    Gallatin
    State
    Montana
    Longitude
    -111.054
    Latitude
    45.99

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    FAQs

    What type of property is this?
    Ranch - Exclusive ranch property with direct National Forest access near Bozeman.
    Where is this ranch located?
    The property is located at Springhill Vistas Ranch at Four Bar Ranches Belgrade, MT.
    What is the asking price?
    The asking price for this property is $4,900,000.
    What are key features of this property?
    This property features: Over 200 acres with direct access to 70,000+ acres of National Forest land, ensuring privacy and recreational opportunities.; **Unrivaled, expansive views** of the surrounding farmland and Gallatin Valley.; Live spring water source on the property.
    (406) 595-0149
    We can help!
    Listing Contact
    Trent Lister
    Trent Lister
    Real Estate License ID: BRO-61700
    Learn More
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    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.

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