Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    46899 1 St Elmo, MT 59915

    • Land
    • 0.16 lot acres
    For Sale
    View listing
    $140,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 46899 1 St

    Lot size
    0.16 lot acres
    Property type
    Land

    Description

    This exceptional .16-acre property in Elmo, Montana, presents a unique opportunity. Located at 46899 1st Street, this corner lot boasts a fully fenced and gated perimeter, offering privacy and security. Conveniently situated just three minutes from the Elmo Fishing Access, this location is ideal for outdoor enthusiasts. The property includes a 1974 Chickasha Invader manufactured home (14x50 feet), which is considered a fixer-upper. The home is currently connected to a 200-amp electrical service and has been professionally leveled and blocked. A 10x20 shed is also included. City water and sewer services are readily available, adding to the convenience and value of this property. The asking price is $140,000. This property is situated in Lake County, Montana, zip code 59915, and offers a fantastic chance to build your dream home or renovate the existing structure. The property's location at latitude 47.828489 and longitude -114.34765 provides easy access to local amenities and outdoor recreation. The included personal property adds further value to this attractive investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Elmo
    County
    Lake
    State
    Montana
    Longitude
    -114.348
    Latitude
    47.8285

    Comparable in this City

    • Value Estimation by Request
      5.02 Acres

      Nhn Caye Dr

      Land • 5.02 Acres
      0 Nhn Caye Dr, Elmo, MT 59915
      View Details
    • Value Estimation by Request
      5.01 Acres

      315 Caye Dr

      Land • 5.01 Acres
      315 Caye Dr, Elmo, MT 59915
      View Details
    • Value Estimation by Request
      5.04 Acres

      Nhn 3 Moon Dr

      Land • 5.04 Acres
      0 Nhn 3 Moon Dr, Elmo, MT 59915
      View Details
    • Value Estimation by Request
      4.58 Acres

      316 Caye Dr

      Land • 4.58 Acres
      316 Caye Dr, Elmo, MT 59915
      View Details
    • Value Estimation by Request
      0.88 Acres

      46967 1 St

      Automotive properties • 0.88 Acres
      46967 1 St, Elmo, MT 59915
      View Details
    • Value Estimation by Request
      0.31 Acres

      Missoula Ave

      MOBILE HOME PARK, TRAILER PARK • 0.31 Acres
      Missoula Ave, Elmo, MT 59915
      View Details

    Similar Nearby for Sale

    • $155,000
      4.58 Acres

      Elmo, MT Residential Land

      4.58 Acres, Lake & Mountain Views
      316 Caye Dr, Elmo, MT 59915
      View Details
    • $140,000
      0.16 Acres

      Elmo Montana Residential Land

      .16-acre fenced lot, fixer-upper home, city utilities.
      46899 1 St, Elmo, MT 59915
      View Details
    • $168,000
      5.02 Acres

      Elmo, MT Lakefront Land - 5 Acres

      Build your dream home with stunning lake views.
      0 Nhn Caye Dr, Elmo, MT 59915
      View Details
    • $1,100,000
      5.03 Acres

      Flathead Lake View Multi-Family Home

      Luxury home with income potential on 5 acres in Elmo.
      25582 Left Hand Dr, Elmo, MT 59915
      View Details
    • $220,000
      5.01 Acres

      Land with Well Near Flathead

      5-acre parcel with well, lake views, and mountain views.
      306 Caye Dr, Elmo, MT 59915
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    46899 1 St
    Elmo, MT 59915
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.