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    44 Alta Ore Mine Rd McMullan, MT 59638

    • Land
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 44 Alta Ore Mine Rd

    Property type
    Land

    Description

    This exceptional 8-acre property in Jefferson County, Montana, presents a unique opportunity for secluded living near Helena. Located at 44 Alta Ore Mine Road, Jefferson City, MT 59638, this land boasts two approved building sites, perfect for constructing a primary residence and a potential guest cabin or second home. The lower site offers significant infrastructure advantages, including 400-amp electricity, natural gas, and high-speed internet access. A private well and a 1000-gallon cistern provide ample water resources, with the cistern offering optional irrigation capabilities. An existing RV pad, complete with 30 and 50-amp hookups, a new driveway, and a fenced area, allows for comfortable temporary living while building. The property borders BLM land, providing direct access to abundant wildlife, including deer and elk. Stunning views of the historic Corbin trestle and the Elkhorn Mountains are visible from both building sites. Year-round access is ensured, making this an ideal location for recreational activities and outdoor enthusiasts. The asking price is $349,900, and owner financing is available. This property offers a blend of privacy, recreational opportunities, and convenient proximity to Helena, approximately 20 minutes away, making it an attractive investment for those seeking a secluded yet accessible Montana lifestyle. The total lot size is 348,480 square feet.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    McMullan
    County
    Jefferson
    State
    Montana
    Longitude
    -111.829
    Latitude
    46.3453

    Comparable in this City

    • Value Estimation by Request
      8.00 Acres

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    • Value Estimation by Request
      17.20 Acres

      8897 Corbin Rd

      Land • 17.20 Acres
      8897 Corbin Rd, McMullan, MT 59638
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    • Value Estimation by Request
      27.65 Acres

      Tbd Corbin Rd

      Land • 27.65 Acres
      0 Tbd Corbin Rd, McMullan, MT 59638
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      17.57 Acres

      Nhn Smt Lode

      Land • 17.57 Acres
      0 Nhn Smt Lode, McMullan, MT 59638
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    • Value Estimation by Request
      36.43 Acres

      Nhn Dv

      Land • 36.43 Acres
      0 Nhn Dv, McMullan, MT 59638
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    • Value Estimation by Request
      18.38 Acres

      Lode Nhn Smt

      Land • 18.38 Acres
      Lode Nhn Smt, McMullan, MT 59638
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    Similar Nearby for Sale

    • $299,900
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      Montana Mountain Land - Build Ready!

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    • $160,000
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      Two Acre Lot Near Corbin

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      Montana Commercial Land: 20 Acres

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      Jefferson City Hunting Land Available

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    • New
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      Jefferson City Mountain Land Parcel

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    44 Alta Ore Mine Rd
    McMullan, MT 59638
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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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