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    28 Nhn Mt Hwy Hot Springs, MT 59845

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    28 Nhn Mt Hwy Hot Springs, MT 59845

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    • Land
    • 330.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 28 Nhn Mt Hwy

    Lot size
    330.00 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    Exceptional investment opportunity: 330 acres of productive agricultural land in Hot Springs, Montana (Sanders County, zip code 59845). This expansive property boasts 255 acres of alfalfa and grass, efficiently irrigated by two pivot systems and several wheel lines, ideal for hay production. The land offers multiple potential building sites, perfect for establishing a dream ranch or continuing its current profitable use. The property's diverse wildlife population adds to its appeal. This sizable parcel includes several legal descriptions: S12, T21 N, R24 W, NESW COS 2303 PLAT R 37.25 AC

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hot Springs
    County
    Sanders
    State
    Montana
    Longitude
    -114.626
    Latitude
    47.645

    Comparable in this City

    • Value Estimation by Request
      79.70 Acres

      72 Ratcliff Rd

      Farms • 2,201 SF
      72 Ratcliff Rd, Hot Springs, MT 59845
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      1,373.00 Acres

      Garcon Gulch Rd

      Farms • 1,373.00 Acres
      0 Garcon Gulch Rd, Hot Springs, MT 59845
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    • Value Estimation by Request
      1,373.00 Acres

      Nhn Garcon Gulch Rd

      Farms • 1,373.00 Acres
      0 Nhn Garcon Gulch Rd, Hot Springs, MT 59845
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    • Value Estimation by Request
      392.38 Acres

      37906 Baxter Rd

      Farms • 392.38 Acres
      37906 Baxter Rd, Hot Springs, MT 59845
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    • Value Estimation by Request
      66.58 Acres

      Nhn Garcon/Garceau Gulch Rd

      Land • 66.58 Acres
      0 Nhn Garcon/Garceau Gulch Rd, Hot Springs, MT 59845
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    • Value Estimation by Request
      10.52 Acres

      Nhn Chisholm Lot 2 & 3 Trl

      Land • 10.52 Acres
      0 Nhn Chisholm Lot 2 & 3 Trl, Niarada, MT 59845
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Productive Irrigated Farmland Opportunity

      330 acres of productive farm ground with irrigation.
      Nhn Mt Hwy 28, Hot Springs, MT 59845
      View Details
    • $155,000
      10.52 Acres

      Hot Springs Commercial Land Investment

      Montana acreage, prime commercial potential.
      0 Nhn Chisholm Lot 2 & 3 Trl, Niarada, MT 59845
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    • Contact for pricing

      Land with Mountain and Valley Views

      5+ acre lot with no covenants and irrigation available.
      Nhn Chisholm Trl, Hot Springs, MT 59845
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    • Contact for pricing

      Land with Mountain Views

      5+ acre lot near town with no covenants.
      Nhn Chisholm Trl, Hot Springs, MT 59845
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    • $95,000
      5.20 Acres

      Land with Mountain Views

      5+ acre lot near town with no covenants.
      Nhn Chisholm Trl, Hot Springs, MT 59845
      View Details
    • Contact for pricing

      Land with Mountain and Valley Views

      5+ acre lot with no covenants and sweeping views.
      Nhn Chisholm Trl, Hot Springs, MT 59845
      View Details
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    28 Nhn Mt Hwy
    Hot Springs, MT 59845
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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.

    More about this property
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