Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    1638 Michaels Way Corvallis, MT 59828
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1638 Michaels Way Corvallis, MT 59828

    View on Map
    • Agricultural land / Farmland
    For Sale
    $397,000
    View Listing →
    Tranquil Corvallis Hills Property For Sale
    $397,000
    1,728 SF

    Tranquil Corvallis Hills Property

    Prime 20-acre property with views, well, and pole barn.

    1638 Michaels Way, Corvallis, MT 59828
    View Listing
    Property ID
    US52-0603341
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Agricultural land / Farmland

    Property Details for 1638 Michaels Way

    Property type
    Agricultural land / Farmland
    Property subtype
    Commercial real estate

    Description

    Amazing privacy and breathtaking views in every direction from this prime property nestled in the tranquil Corvallis Hills with lovely homes in the area. This expansive parcel includes a 4-bedroom septic approval, a 20 GPM well, and electricity located 125 feet from the insulated 36x48 pole barn. Complete with a pellet stove, the barn offers a comfortable refuge from the elements during the construction phase. Approximately fifteen of the twenty acres are securely fenced, perfect for accommodating horses or cows and allowing ample space for a barn or animals. A 12x32 horse shed within the fenced area provides shelter for your animals . Enjoy the serenity of a quiet neighborhood as you envision and create your dream home on this beautiful property. Don't miss the opportunity to make this space your own. Only 12 minutes from Corvallis schools. Come with your dreams, plans, and love your new property!

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Corvallis
    County
    Ravalli
    State
    Montana
    Longitude
    -114.0339717
    Latitude
    46.3580909

    Comparable in this City

    • $595,000
      9.49 Acres

      Corvallis, MT Land For Sale

      9.49 acre lot with views near Hamilton and Missoula.
      Nhn Eastside Hwy, Corvallis, MT 59828
      View Details
    • $1,500,000
      80.00 Acres

      80 Acres with Mountain Views

      80 acres in Corvallis, MT with mountain views.
      lot A And B Sapphire Ranch Trl, Corvallis, MT 59828
      View Details
    • $225,000
      20.00 Acres

      20 Acres in Corvallis Foothills

      20-acre agricultural land with valley views near Corvallis, Montana.
      Nhn Blue Sage Trl, Corvallis, MT 59828
      View Details
    • $449,000
      10.56 Acres

      Montana Land with Mountain Views

      10.56-acre parcel with irrigation near Hamilton, Montana.
      Prestige Way, Corvallis, MT 59828
      View Details
    • $1,250,000
      141.01 Acres

      Montana Land with Mountain Views

      141 acres of land with unobstructed mountain views.
      Painted Sky Overlook, Corvallis, MT 59828
      View Details
    • New
      $850,000
      31.23 Acres

      Scenic Land with Water Resources

      31+ acres of usable land with water and infrastructure.
      829 Weber Butte Trl, Corvallis, MT 59828
      View Details

    Similar Nearby for Sale

    • $595,000
      9.49 Acres

      Corvallis, MT Land For Sale

      9.49 acre lot with views near Hamilton and Missoula.
      Nhn Eastside Hwy, Corvallis, MT 59828
      View Details
    • $1,500,000
      80.00 Acres

      80 Acres with Mountain Views

      80 acres in Corvallis, MT with mountain views.
      lot A And B Sapphire Ranch Trl, Corvallis, MT 59828
      View Details
    • $1,250,000
      141.01 Acres

      Montana Land with Mountain Views

      141 acres of land with unobstructed mountain views.
      Painted Sky Overlook, Corvallis, MT 59828
      View Details
    • New
      $850,000
      31.23 Acres

      Scenic Land with Water Resources

      31+ acres of usable land with water and infrastructure.
      829 Weber Butte Trl, Corvallis, MT 59828
      View Details
    • $225,000
      20.00 Acres

      20 Acres in Corvallis Foothills

      20-acre agricultural land with valley views near Corvallis, Montana.
      Nhn Blue Sage Trl, Corvallis, MT 59828
      View Details
    • $449,000
      10.56 Acres

      Montana Land with Mountain Views

      10.56-acre parcel with irrigation near Hamilton, Montana.
      Prestige Way, Corvallis, MT 59828
      View Details
    View Listing
    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.
    1638 Michaels Way
    Corvallis, MT 59828
    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.
    Sign Up Successful!
    You now have access to more from Realmo!