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

    27901 Norris Rd Bozeman, MT 59718-9434

    • Mobile home & RV parks
    • 900 SF
    • 20.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US52-0334125
    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

    • Experienced HVAC Services / HVAC Service / General Contractor
    • W.C.I. - Wolf Constructors, Inc. / General Contractor
    • FBG Transportation, LLC / Trucking Company
    • Forest Mobile Home Park / Campground & RV Park

    Property Details for 27901 Norris Rd

    Year built
    1963
    Construction
    WOOD
    Lot size
    20.00 lot acres
    Property size
    900 SF
    Property type
    Mobile home & RV parks
    APN
    06-0797-10-4-01-02-0000
    APU
    6079710401020000

    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
    Bozeman
    County
    Gallatin
    State
    Montana
    Longitude
    -111.208
    Latitude
    45.6749
    CBSA code
    14580
    CBSA name
    BOZEMAN, MT MICROPOLITAN 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
    $48,178
    $0.00
    $0.00
    $6,458,600
    -
    $2,638,898
    $3,819,702
    $6,458,600

    Comparable in this City

    • Value Estimation by Request
      1,280 SF

      33 Hidden Vly Rd

      MOBILE HOME PARK, TRAILER PARK • 1,280 SF
      33 Hidden Vly Rd, Bozeman, MT 59718
      View Details
    • Value Estimation by Request
      1,138 SF

      76900 Gallatin Rd

      MOBILE HOME PARK, TRAILER PARK • 1,138 SF
      76900 Gallatin Rd, Bozeman, MT 59718-9100
      View Details
    • Value Estimation by Request
      1,176 SF

      1 Eastwood Dr

      MOBILE HOME PARK, TRAILER PARK • 1,176 SF
      1 Eastwood Dr, Bozeman, MT 59718-9017
      View Details
    • Value Estimation by Request
      1,416 SF

      Bozeman, MT 59718

      MOBILE HOME PARK, TRAILER PARK • 1,416 SF
      Bozeman, MT 59718
      View Details
    • Value Estimation by Request
      2,304 SF

      150 Welcome Dr

      MOBILE HOME PARK, TRAILER PARK • 2,304 SF
      150 Welcome Dr, Bozeman, MT 59718-1102
      View Details
    • Value Estimation by Request
      960 SF

      2715 Babcock St

      MOBILE HOME PARK, TRAILER PARK • 960 SF
      2715 Babcock St, Bozeman, MT 59718
      View Details

    Similar Nearby for Sale

    • $1,200,000
      Pending

      Updated Home with Income Potential

      3-bedroom home with 1-bedroom ADU in Valley West.
      4468 Alexander St, Bozeman, MT 59718
      View Details
    • $1,860,000

      Newer Bozeman Fourplex Investment Opportunity

      Newer Bozeman fourplex with excellent rental history and great location.
      878 Rookery, Bozeman, MT 59718
      View Details
    • $485,000
      1,843 SF

      Bozeman Retail Condo - West Main St.

      Prime West Main Street storefront condo.
      2320 Main St, Bozeman, MT 59718
      View Details
    • $1,330,000
      0.29 Acres

      Updated Duplex in Bozeman

      Updated duplex in prime location near amenities and move-in ready.
      2839 Blackbird Dr, Bozeman, MT 59718
      View Details
    • $4,500,000
      7.50 Acres

      Bozeman Mixed-Use Development

      7.5-acre prime commercial land, high-density potential.
      2050 Baxter Ln, Bozeman, MT 59718
      View Details
    • $839,000
      0.20 Acres

      Bozeman Duplex with Income Potential

      Duplex in Bozeman, suitable for various living arrangements.
      867 Longbow Ln, Bozeman, MT 59718
      View Details

    Similar Nearby for Lease

    • $23 SF/Yr
      3,140 SF

      Bozeman Office Space For Rent

      Well-maintained office space in excellent location, suitable for professional use.
      517 S 22Nd Ave, Bozeman, MT 59718
      View Details
    • $12 SF/Yr
      1,000 SF

      Warehouse Space in Barn District

      Versatile warehouse space in Bozeman's convenient Barn District.
      24 W Haley Springs Rd, Bozeman, MT 59718
      View Details
    • Contact for pricing

      Move-in Ready Office Space

      Charming office space with private office, conference room, and reception.
      867 S 29Th Ave, Bozeman, MT 59718
      View Details
    • $20 SF/Yr
      1,736 SF

      Bozeman Office Space For Rent

      Well-appointed, open office space in a growing Bozeman office park.
      143 Willow Peak Dr, Bozeman, MT 59718
      View Details
    • Contact for pricing

      MT, Bozeman - Haley Springs Rd

      Discover many ways to work your way in Bellevue Skyline Tower
      161 Haley Springs Rd, Bozeman, MT 59718
      View Details
    • $25 SF/Yr
      5,519 SF

      Modern Office Space in Bozeman

      Modern office space in a busy, growing Bozeman market district.
      4555 Valley Commons Dr, Bozeman, MT 59718
      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.
    27901 Norris Rd
    Bozeman, MT 59718-9434
    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.