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    1862 Durston Rd Bozeman, MT 59718
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    1862 Durston Rd Bozeman, MT 59718

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    • Agricultural land / Farmland
    For Sale
    $2,950,000
    View Listing →
    20 Acres Near Big Bull Golf For Sale
    $2,950,000

    20 Acres Near Big Bull Golf

    20-acre parcel near Bozeman and Montana State University.

    1862 & 1864 Durston Road, Bozeman, MT 59718
    View Listing
    Property ID
    US52-0238547
    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 1862 Durston Rd

    Property type
    Agricultural land / Farmland
    Property subtype
    Commercial real estate

    Description

    Situated conveniently along both Love Lane and Durston Road, this 20 acre parcel is minutes to Bozeman and Montana State University. The property is adjacent to the Big Bull Golf Club, a championship course designed by Tom Weiskopf, and features beautiful views of multiple mountain ranges that surround the Gallatin Valley. The property is fenced and cross-fenced and has been utilized for hay production and grazing of horses. With a spring and wetland area with nicely situated willows for shelter and shade, the property attracts abundant wildlife including deer and game birds that call the property and region home. In a location zoned for mixed use this property is a clean canvas for a new owner to develop as desired to suit their individual needs and desires while enjoying the wonderful amenities in and around Bozeman and the Gallatin Valley! All information is from sources deemed reliable, but buyers should rely upon their own investigations.

    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
    Bozeman
    County
    Gallatin
    State
    Montana
    Longitude
    -111.0615574
    Latitude
    45.6856115

    Comparable in this City

    • Contact for pricing

      Scenic Land with Mountain Views

      20-acre property near Bozeman with mountain views and mixed-use zoning.
      1862 Durston Rd, Bozeman, MT 59718
      View Details
    • $2,895,000
      34.98 Acres

      Bozeman Land Opportunity

      Prime 35-acre land near MSU with development potential.
      6133 Bigelow Rd, Bozeman, MT 59718
      View Details
    • New
      $2,995,000
      80.24 Acres

      Bozeman Land with Mountain Views

      Exclusive 80-acre lot with 360° views near Bozeman and Big Sky.
      S Whistleberry Rd, Bozeman, MT 59718
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    • $4,500,000
      40.86 Acres

      40 Acres of Pristine Land

      40 acres with creek, views, and convenient access to amenities.
      13830 Lot A Cottonwood Rd, Bozeman, MT 59718
      View Details
    • $6,900,000
      80.00 Acres

      Bozeman Land with Mountain Views

      80-acre parcel with panoramic mountain views near Bozeman, Montana.
      13830 Tract C Cottonwood Rd, Bozeman, MT 59718
      View Details
    • $4,900,000
      40.50 Acres

      40 Acres Near Bozeman

      40-acre property with house, barn, and multiple building sites.
      13830 Tract B Cottonwood Rd, Bozeman, MT 59718
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Scenic Land with Mountain Views

      20-acre property near Bozeman with mountain views and mixed-use zoning.
      1862 Durston Rd, Bozeman, MT 59718
      View Details
    • $2,895,000
      34.98 Acres

      Bozeman Land Opportunity

      Prime 35-acre land near MSU with development potential.
      6133 Bigelow Rd, Bozeman, MT 59718
      View Details
    • New
      $2,995,000
      80.24 Acres

      Bozeman Land with Mountain Views

      Exclusive 80-acre lot with 360° views near Bozeman and Big Sky.
      S Whistleberry Rd, Bozeman, MT 59718
      View Details
    • $4,500,000
      40.86 Acres

      40 Acres of Pristine Land

      40 acres with creek, views, and convenient access to amenities.
      13830 Lot A Cottonwood Rd, Bozeman, MT 59718
      View Details
    • $6,900,000
      80.00 Acres

      Bozeman Land with Mountain Views

      80-acre parcel with panoramic mountain views near Bozeman, Montana.
      13830 Tract C Cottonwood Rd, Bozeman, MT 59718
      View Details
    • $4,900,000
      40.50 Acres

      40 Acres Near Bozeman

      40-acre property with house, barn, and multiple building sites.
      13830 Tract B Cottonwood Rd, Bozeman, MT 59718
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Retail Development Opportunity

      1.51-acre lot in Bozeman's thriving commercial hub.
      Cattail St, Bozeman, MT 59718
      View Details
    • Contact for pricing

      Grocery Anchored Shopping Center

      Located in Bozeman's retail corridor with high traffic and visibility.
      200 South 23Rd Ave, Bozeman, MT 59718
      View Details
    • $15 SF/Yr
      2,205 SF

      Four Corners Warehouse Space Available

      2,205 SF warehouse with office in Bozeman's Four Corners.
      252 Shepherd Trl, Bozeman, MT 59718
      View Details
    • $22 SF/Yr
      3,707 SF

      Turnkey Office Space in Bozeman

      Ready-to-occupy office space with high-end finishes and ample parking.
      1910 N 22Nd Ave, Bozeman, MT 59718
      View Details
    • $25 SF/Yr
      1,843 SF

      Remodeled Commercial Space, Bozeman, MT

      Recently remodeled commercial space available for immediate occupancy in Bozeman.
      2320 W Main St, Bozeman, MT 59718
      View Details
    View Listing
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    1862 Durston Rd
    Bozeman, MT 59718
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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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