3600 Montana Ave, Helena, MT 59602
This exceptional 19.57-acre property, located at 3600 North Montana Ave in Helena, Montana, presents a remarkable investment opportunity. Currently zoned R-1 (Special County Zoning District), this land boasts a strategic location along a major commercial corridor, offering high visibility and convenient access to significant retailers such as Target, Lowe's, Costco, and Sportsman's Warehouse. The property's current use includes a 56-pad mobile home community known as "Pebble Gardens," providing immediate income potential. However, its expansive size and proximity to city services (to be verified by the buyer) present significant redevelopment possibilities. The potential exists to annex the remaining approximately 10.5 acres, allowing for expansion of the existing mobile home community or the creation of a mixed-use development. The high traffic count of 19,349 vehicles (2021 data) along this section of Montana Avenue ensures excellent visibility for retail and commercial ventures. This property offers a unique blend of existing income and substantial future development potential, capitalizing on Helena's robust real estate market, where the median home price has increased by 26.6% in the past year, reaching $447,551. The property is bordered on three sides by the city of Helena, further enhancing its development prospects. This is a rare opportunity to acquire a significant land parcel in a thriving Montana market. The asking price is $5,100,000.
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Pebble Gardens Garden Center Landscaping
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.