9602 Alexander Rd Shepherd, MT 59079
This expansive 7,638.79-acre ranch, located at 9602 Alexander Road in Shepherd, Montana (zip code 59079), presents a unique investment opportunity. Situated just 15 minutes north of Billings, the property offers a robust platform for a thriving cattle operation. The land comprises a combination of deeded and leased acreage, providing extensive grazing areas supported by seasonal streams and strategically placed stock tanks fed by wells. The diverse terrain is known for its abundant wildlife, including pronghorn antelope, mule deer, upland game birds, and occasional elk and mountain lion sightings. The ranch headquarters feature substantial corrals, a calving barn, numerous outbuildings, a 2,300 square-foot stick-built home, and an additional modular home. Built in 1960, the property's improvements are complemented by expansive views of the Bull Mountains and heavy timber ridges, presenting significant potential for residential development. This property offers a blend of agricultural and recreational opportunities, making it an ideal investment for those seeking a large-scale Montana ranch. The property is zoned for agricultural use.
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
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.