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    318 Thebian Ln Hamilton, MT 59840
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    318 Thebian Ln, Hamilton, MT 59840

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    • Residential land & home lots
    Off-Market
    Property ID
    US52-0371837
    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

    • Residential land & home lots

    Property Details for 318 Thebian Ln

    Property type
    Residential land & home lots

    Description

    VIEWS! VIEWS! VIEWS! This one-of-a-kind property is the ideal spot to build your dream home—incredible views of the Bitterroot and Sapphire mountain ranges. Views stretch up and down the valley as far as the eye can see. A majestic 4,500 sq ft barn/shop on the property, could be converted into a primary residence. The shop has electricity, city water, a 3-bedroom septic approval, natural gas, high-speed fiber, and cable connections. There is a separate 4-bedroom septic approval for an additional home on the property. Daly ditch runs along the east property line. The owner has planted a row of autumn blaze maple trees that are on a drip system and have matured beautifully. There are no covenants or HOA. End of the road privacy. There is no better spot to build, the potential for this property is endless. The view is truly one to see to believe! Contact Carter Kearns at (406) 531-6500, or your real estate professional. The information has been provided by the Seller and has not been verified by the Broker. Information is deemed reliable but not guaranteed. Agent is related to the Seller.

    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
    Hamilton
    County
    Ravalli
    State
    Montana
    Longitude
    -114.1330424
    Latitude
    46.2294708

    Comparable in this City

    • $255,000
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      Scenic Land with Mountain Views

      1.29-acre lot with mountain views, septic approval, and existing well.
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    • $320,000
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      Hamilton, MT Building Lot

      3.06 acre building lot in Hamilton, Montana.
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    • $399,000
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      Hamilton Land with River Frontage

      Two adjacent parcels with Bitterroot River frontage and septic approval.
      Nhn Trout Ln, Hamilton, MT 59840
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    • $393,000
      8.71 Acres

      8.71 Acres in Gated Neighborhood

      Exceptional lot with unobstructed Bitterroot Valley and mountain views.
      000 Falcon Watch Rd, Hamilton, MT 59840
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    • $425,000
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      Arrow Hill Ranch Building Lot

      6.18-acre lot with mountain views in gated community.
      461 Arrow Hl Rnch Rd, Hamilton, MT 59840
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    • $245,000
      1.29 Acres

      Hamilton, MT 1.29-Acre Parcel

      1.29-acre parcel with mountain views, septic approval, and well.
      87 Gauge Way, Hamilton, MT 59840
      View Details

    Similar Nearby for Sale

    • $255,000
      1.29 Acres

      Scenic Land with Mountain Views

      1.29-acre lot with mountain views, septic approval, and existing well.
      103 Gauge Way, Hamilton, MT 59840
      View Details
    • $320,000
      3.06 Acres

      Hamilton, MT Building Lot

      3.06 acre building lot in Hamilton, Montana.
      000 Cone Dr, Hamilton, MT 59840
      View Details
    • $399,000
      6.50 Acres

      Hamilton Land with River Frontage

      Two adjacent parcels with Bitterroot River frontage and septic approval.
      Nhn Trout Ln, Hamilton, MT 59840
      View Details
    • $393,000
      8.71 Acres

      8.71 Acres in Gated Neighborhood

      Exceptional lot with unobstructed Bitterroot Valley and mountain views.
      000 Falcon Watch Rd, Hamilton, MT 59840
      View Details
    • $425,000
      6.18 Acres

      Arrow Hill Ranch Building Lot

      6.18-acre lot with mountain views in gated community.
      461 Arrow Hl Rnch Rd, Hamilton, MT 59840
      View Details
    • $245,000
      1.29 Acres

      Hamilton, MT 1.29-Acre Parcel

      1.29-acre parcel with mountain views, septic approval, and well.
      87 Gauge Way, Hamilton, MT 59840
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Highway Retail Space with Outdoor

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      1,312 SF

      Downtown Office Suites For Rent

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    318 Thebian Ln
    Hamilton, MT 59840
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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.

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