Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Great Falls Development Land Title is generated by Realmo AI

    US Highway 89, Great Falls, MT 59405

    View on Map
    Claim this Listing
    For Sale
    $12,100,000

    LAND - Great Falls, MT

    Lot size:
    108.06 Acres
    Added:
    May 8, 2025
    Days on Market:
    380
    Last Refresh:
    May 22 at 6:06 am

    Property Features for US Highway 89

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    02301614201010000
    Lot size
    108.06 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    S14, T20 N, R04 E, C.O.S. 4989, PARCEL 2, IN SWNW MK 4D-2 S14, T20 N, R04 E, C.O.S. 4989, PARCEL 1, IN NW AND IN THE S2NE MK 4D-3 2nd Assr#: 0002626910
    Tax Annual Amount
    423

    We can help!

    Listing Contact
    Peter Schultz

    Listing agent Peter Schultz License #RRE-BRO-LIC-99740

    Listing office Clearwater Montana Properties - GTF 1610 10th Ave S, Seeley Lake, MT

    Listing date May 8, 2025

    MLS# 30049335 Listing URL

    Copyright © 2026 Montana Regional 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

    • Prime 108‑acre development property on high‑traffic US 89
    • Zoned for multiple uses (Mixed Use 20) allowing for diverse development options
    • Located across from Foothills and bordering MAFB (Malmstrom Air Force Base)
    • Opportunity to develop shopping, storage, equipment sales, processing facilities, etc.
    • Two lots available for development
    • Potential for future growth with new base and east end projects

    Overview

    This is a prime development property located across from Foothills and bordering Malmstrom Air Force Base on high-traffic US Highway 89, just east of Great Falls, Montana. The site encompasses 108.056 acres zoned for multiple uses under Mixed Use 20 zoning. The two lots are suitable for developing shopping centers, storage facilities, equipment sales, and processing facilities. The property presents a significant opportunity for future growth, particularly with new base and east end projects in development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Great Falls
    County
    Cascade
    State
    Montana
    Longitude
    -111.1923436
    Latitude
    47.4900552

    Nearby Similar for Sale

    • $1,050,000

      Great Falls Commercial Development Opportunity

      1.795-acre commercial parcel in growing corridor with high visibility.
      17 3rd Street NW, Great Falls, MT 59404
      View Details
    • $499,900

      Great Falls Commercial Development Opportunity

      High-visibility commercial land for development in Great Falls, Montana.
      301 10th Avenue S, Great Falls, MT 59405
      View Details
    • $120,000

      5-Acre Parcel in Great Falls

      Exceptional land parcel to build your dream home.
      Butch Cassidy Loop, Great Falls, MT 59405
      View Details
    • $330,000

      Great Falls Triplex Investment Opportunity

      Versatile triplex with income potential and recent upgrades.
      804 19th Street S, Great Falls, MT 59405
      View Details
    • $3,600,000

      Montana Farm and Estate Opportunity

      482.29 acre farm with income potential near Great Falls.
      205 Ross Road, Great Falls, MT 59405
      View Details
    • $250,000
      1,500 SF

      Acreage Land Parcel Near Great Falls

      142-acre parcel with rolling terrain near Great Falls, Montana.
      390 Vinyard Road, Great Falls, MT 59404
      View Details
    • $399,000

      Historic Great Falls Duplex

      Up/down duplex with retail potential in historic Great Falls.
      312,314 5th Street NW, Great Falls, MT 59404
      View Details
    • $1,150,000
      8,304 SF

      High-Traffic Shop on 0.62 Acres

      7460 SF shop on 0.62 acres in high-traffic area.
      1021 15th N Street, Great Falls, MT 59401
      View Details
    • $2,750,000
      91,000 SF

      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
    • $100,000

      Great Falls Corner Lot

      0.17 acre corner lot in Great Falls, Montana.
      1624 12th Avenue S, Great Falls, MT 59405
      View Details
    • $1,750,000

      Missouri Riverfront Land Opportunity

      28.9 acres of vacant land along the Missouri River.
      167 Dune Drive, Great Falls, MT 59404
      View Details
    • $1,750,000

      Missouri Riverfront Land Opportunity

      28.9 acres on the Missouri River, Great Falls, Montana.
      167 Dune Drive, Great Falls, MT 59404
      View Details

    FAQs

    What type of property is this?
    Commercial land - 108 acres of mixed-use development land in Great Falls.
    Where is this commercial land located?
    The property is located at US Highway 89 Great Falls, MT.
    What is the asking price?
    The asking price for this property is $12,100,000.
    What are key features of this property?
    This property features: Prime 108‑acre development property on high‑traffic US 89; Zoned for multiple uses (Mixed Use 20) allowing for diverse development options; Located across from Foothills and bordering MAFB (Malmstrom Air Force Base)
    (406) 788-4924
    We can help!
    Listing Contact
    Peter Schultz
    Real Estate License ID: RRE-BRO-LIC-99740
    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
    US Highway 89, Great Falls, MT 59405
    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!