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    23474 Road 250 Havre, MT 59501
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    23474 Road 250 Havre, MT 59501

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    • Single family properties
    For Sale
    $190,000
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    Havre, MT Multi-Family Compound For Sale
    $190,000
    6,532 SF

    Havre, MT Multi-Family Compound

    9.11 Acres, 3 Houses, Commercial Building

    23474 Road 250, Havre, MT 59501
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    Property ID
    US52-0319839
    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

    • Single family properties

    Property Details for 23474 Road 250

    Property type
    Single family properties
    Property subtype
    Mixed-use properties

    Description

    Private commercial and residential property North of Havre, MT. Property is sold "As-Is". Seller is motivated to provide this opportunity to a new buyer! This property features 9.11 fenced acres with 3 houses and a retired type 1 government technical operation facility building. Five loading docks. Three phase electric power. Fencing is 8 foot tall chain-link. Road to the property is two lane highway and is paved to the front door. Each house has 4 bedrooms and 2 bathrooms. Larger home is 1800 sq ft. on the main level and has an unfinished basement with separate entrance. Smaller homes are 1500 sq. ft. Water is provided by a 300+ foot well into the Judith aquifer. The main building features a reverse osmosis water system. Three leased propane tanks. Buyer to verify information.

    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
    Havre
    County
    Hill
    State
    Montana
    Longitude
    -110.237582
    Latitude
    48.9286454

    Comparable in this City

    • Contact for pricing
      11,880 SF

      Downtown Commercial Building with Apartment

      Commercial building with four rentable units and basement apartment.
      335 3Rd St, Havre, MT 59501
      View Details
    • $700,000
      21,996 SF

      Downtown Havre Office Building

      21,996 SF office building in downtown Havre, Montana.
      235 1St St East, Havre, MT 59501
      View Details
    • Contact for pricing
      806 SF

      Former Restaurant Building For Sale

      Restaurant building with drive-through on main street, equipment included.
      1110 5Th Ave, Havre, MT 59501
      View Details
    • $700,000

      Havre Office Building For Sale

      21,996 SF office building in downtown Havre, Montana.
      235 1St St East, Havre, MT 59501
      View Details
    • $345,000
      320.00 Acres

      320 Acres Near Milk River

      320-acre property near Milk River with tillable and grazing land.
      Road 220 North, Havre, MT 59501
      View Details
    • Contact for pricing
      840 SF

      Commercial Office Building on 5th

      Commercial office building featuring a conference room and off-street parking.
      1134 5Th Ave, Havre, MT 59501
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,880 SF

      Downtown Commercial Building with Apartment

      Commercial building with four rentable units and basement apartment.
      335 3Rd St, Havre, MT 59501
      View Details
    • $700,000
      21,996 SF

      Downtown Havre Office Building

      21,996 SF office building in downtown Havre, Montana.
      235 1St St East, Havre, MT 59501
      View Details
    • Contact for pricing
      806 SF

      Former Restaurant Building For Sale

      Restaurant building with drive-through on main street, equipment included.
      1110 5Th Ave, Havre, MT 59501
      View Details
    • $700,000

      Havre Office Building For Sale

      21,996 SF office building in downtown Havre, Montana.
      235 1St St East, Havre, MT 59501
      View Details
    • $345,000
      320.00 Acres

      320 Acres Near Milk River

      320-acre property near Milk River with tillable and grazing land.
      Road 220 North, Havre, MT 59501
      View Details
    • Contact for pricing
      840 SF

      Commercial Office Building on 5th

      Commercial office building featuring a conference room and off-street parking.
      1134 5Th Ave, Havre, MT 59501
      View Details
    View Listing
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    Havre, MT 59501
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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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