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

    23 9Th Ave Great Falls, MT 59405

    • Commercial land
    • 2.56 lot acres
    For Sale
    View listing
    $499,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US52-0051650
    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.

    Current Use by Public Records

    • Commercial land

    Property Details for 23 9Th Ave

    Lot size
    2.56 lot acres
    Property type
    Commercial land
    APN
    02-3015-11-4-08-01-0000
    APU
    2301511408010000

    Description

    This exceptional 2.56-acre commercial land parcel presents a unique investment opportunity in Great Falls, Montana. Located at 23 9th Avenue S, this property is zoned M-2 Mixed Use Transitional, offering considerable flexibility for a variety of commercial developments. Buyers are advised to independently verify intended use with the City of Great Falls. The expansive lot provides ample space for construction, expansion, or redevelopment projects. Its convenient location offers easy access to numerous amenities and public transportation, including nearby bus routes, ensuring high visibility and accessibility for any future business. The property's 2022 tax assessment totaled $5,777.80. This prime location and zoning regulations make this a highly attractive proposition for entrepreneurs and investors seeking a strategic foothold in a thriving Montana market. The property's size and zoning create a versatile platform for a wide range of commercial ventures. Serious inquiries are encouraged to explore the full potential of this exceptional commercial land offering. The address is clearly identified as 23 9th Avenue S, Great Falls, MT 59405. This presents a rare chance to acquire a substantial commercial lot in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Great Falls
    County
    Cascade
    State
    Montana
    Longitude
    -111.306
    Latitude
    47.4963
    CBSA code
    24500
    CBSA name
    GREAT FALLS, MT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $8,558
    $0.00
    $0.00
    $499,022
    -
    $499,022
    $0.00
    $499,022

    Comparable in this City

    • Value Estimation by Request
      1.22 Acres

      4808 22nd N Ave

      VACANT COMMERCIAL LAND • 1.22 Acres
      4808 22nd N Ave, Great Falls, MT 59405-0909
      View Details
    • Value Estimation by Request
      0.43 Acres

      4810 2nd N Ave

      VACANT COMMERCIAL LAND • 0.43 Acres
      4810 2nd N Ave, Great Falls, MT 59405-1437
      View Details
    • Value Estimation by Request
      0.34 Acres

      300 4th S Ave

      VACANT COMMERCIAL LAND • 0.34 Acres
      300 4th S Ave, Great Falls, MT 59405-1829
      View Details
    • Value Estimation by Request
      2.50 Acres

      1800 52nd N St

      VACANT COMMERCIAL LAND • 2.50 Acres
      1800 52nd N St, Great Falls, MT 59405-0905
      View Details
    • Value Estimation by Request
      53.81 Acres

      71 Eden Rd

      VACANT COMMERCIAL LAND • 53.81 Acres
      71 Eden Rd, Great Falls, MT 59405-8316
      View Details
    • Value Estimation by Request
      2.24 Acres

      Great Falls, MT 59405

      VACANT COMMERCIAL LAND • 2.24 Acres
      Great Falls, MT 59405
      View Details

    Similar Nearby for Sale

    • $12,100,000
      108.06 Acres

      Great Falls Development Land Opportunity

      108 acres of mixed-use land near US 89.
      Us Highway 89, Great Falls, MT 59405
      View Details
    • $100,000
      0.17 Acres

      Great Falls Corner Lot

      0.17 acre corner lot in central Great Falls.
      1624 12Th Ave S, Great Falls, MT 59405
      View Details
    • $850,000

      Prime Retail Parcel on 10th

      One-acre retail parcel on high-traffic road near Walmart.
      5030 10Th Ave S, Great Falls, MT 59405
      View Details
    • $499,900
      0.25 Acres

      Great Falls Commercial Development Opportunity

      High-visibility commercial land for development in Great Falls, Montana.
      301 10Th Ave S, Great Falls, MT 59405
      View Details
    • $59,500
      0.17 Acres

      Great Falls Corner Lot

      M2 zoned corner lot near downtown Great Falls.
      226 8Th Ave S, Great Falls, MT 59405
      View Details
    • $3,250,000
      0.67 Acres

      Downtown Great Falls Warehouse

      Prime location, high-traffic area, 41,000+ sq ft.
      201 2Nd Ave, Great Falls, MT 59405
      View Details

    Similar Nearby for Lease

    • $3 SF/Yr
      28,269 SF

      Prime Office Space, 13th Ave S

      28,269 sq ft Office Building - Huge Potential
      715 13Th Ave, Great Falls, MT 59405
      View Details
    • Contact for pricing
      2,110 SF

      Retail Space in Holiday Village

      Retail space available in Great Falls' dominant retail corridor.
      900 10Th Ave S, Great Falls, MT 59405
      View Details
    • $8 SF/Yr
      3,500 SF

      Historic Great Falls Office Space

      3,500 sq ft Office, Single Tenant, Ample Parking
      4600 13Th St, Great Falls, MT 59405
      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.
    23 9Th Ave
    Great Falls, MT 59405
    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.