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    00000 Bascom, MT 59054
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    00000 Bascom, MT 59054

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    • Land
    • 657.00 lot acres
    For Sale
    $985,500
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    Montana Timber Ranch: Prime Hunting Land For Sale
    $985,500

    Montana Timber Ranch: Prime Hunting Land

    657 Acres, Abundant Wildlife, Excellent Hunting

    Melstone, MT 59054
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 00000

    Lot size
    657.00 lot acres
    Property type
    Land

    Description

    This exceptional 657-acre Montana timber property presents a unique investment opportunity. Located 13 miles south of Melstone and 45 miles southeast of Roundup, in Musselshell County, this land boasts a strategic location with convenient access via Melstone and Custer County Road. The property includes 475 acres of tillable land currently used as improved pasture, offering versatility for future development. The land's appeal is significantly enhanced by scattered timber and abundant water sources, including a half-mile of Weed Creek frontage, seasonal creeks, and natural springs. This rich ecosystem supports a thriving wildlife population, including elk, turkey, mule deer, antelope, and upland game birds. Notably, the property was not pastured in 2023, allowing for increased foliage and enhanced habitat. The property's zip code is 59054. Please note that the seller does not own any mineral rights. This is a remarkable opportunity to own a substantial tract of land in a prime hunting location with significant potential. The property is situated at 46.388931 latitude and -107.829595 longitude.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bascom
    County
    Musselshell
    State
    Montana
    Longitude
    -107.83
    Latitude
    46.3889

    Comparable in this City

    • Value Estimation by Request

      Nhn Melstone

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      0 Nhn Melstone, Melstone, MT 59054
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      Fergus St

      VACANT COMMERCIAL LAND • 0.16 Acres
      Fergus St, Melstone, MT 59054
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      0.16 Acres

      Main St

      VACANT COMMERCIAL LAND • 0.16 Acres
      Main St, Melstone, MT 59054
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    • Value Estimation by Request
      0.08 Acres

      Main St

      VACANT COMMERCIAL LAND • 0.08 Acres
      Main St, Melstone, MT 59054
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    • Value Estimation by Request
      560 SF

      Melstone, MT 59054

      COMMERCIAL (GENERAL) • 560 SF
      Melstone, MT 59054
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    • Value Estimation by Request
      2,520 SF

      2nd E St

      SHOW ROOM, WAREHOUSE • 2,520 SF
      2nd E St, Melstone, MT 59054
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    Similar Nearby for Sale

    • $415,000
      80.00 Acres

      Secluded Land in Bull Mountains

      80 acres with well, septic, power, and hunting potential.
      258 Bascom Ln, Melstone, MT 59054
      View Details
    • $985,500
      657.00 Acres

      Montana Timber Ranch: Prime Hunting Land

      657 Acres, Abundant Wildlife, Excellent Hunting
      0 00000, Bascom, MT 59054
      View Details
    View Listing
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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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