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    40 Mike Day Dr White Sulphur Springs, MT 59645
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    40 Mike Day Dr White Sulphur Springs, MT 59645

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    • Land
    For Sale
    $189,000
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    20 Acres with Mountain Views For Sale
    $189,000
    20.10 Acres

    20 Acres with Mountain Views

    Land with creek frontage and mountain views near Helena National Forest.

    40 Mike Day Drive, White Sulphur Springs, MT 59645
    View Listing
    Property ID
    US52-0522959
    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

    • Land

    Property Details for 40 Mike Day Dr

    Property type
    Land

    Description

    20.1 Acres with Creek Frontage & Stunning Mountain Views! Discover your own slice of Montana paradise, perfectly situated between Helena, Bozeman, and Great Falls. With creek frontage and breathtaking views of the Crazy Mountains, this is the ideal spot to build your dream home and embrace the Montana lifestyle. Located in the Grassy Mountain Subdivision, this growing community features spacious 20-acre lots where owners enjoy wide-open landscapes, incredible vistas, and endless recreation. The area is a haven for outdoor enthusiasts, offering world-class hunting and fishing. Plus, with Showdown and Bridger Bowl Ski Areas less than an hour away, winter adventures are always within reach. For more exploration, the Helena National Forest is just over 2 miles west, providing access to thousands of acres of public land for backcountry adventures. Don’t miss this rare opportunity to own a piece of Big Sky Country!

    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
    White Sulphur Springs
    County
    Meagher
    State
    Montana
    Longitude
    -111.0433097
    Latitude
    46.3353838

    Comparable in this City

    • Contact for pricing

      Ringling, Montana Land with Creek

      10.91 acre property with Sixteen Mile Creek.
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    • $175,000

      Montana Commercial Land - $175K

      Prime Montana commercial land, 875,992 sq ft.
      10 Stagecoach Trl, White Sulphur Springs, MT 59645
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      Land with Mountain Views

      39.22 acre property with drilled well and mountain views.
      58 Mtn Vw Trl, White Sulphur Springs, MT 59645
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    • New
      $279,900
      33.51 Acres

      33.5 Acres with Valley Views

      Land with views near White Sulphur Springs, Montana.
      127 Panorama Dr, White Sulphur Springs, MT 59645
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    • $250,000
      20.09 Acres

      White Sulphur Springs Land Parcel

      20-acre property with mountain views, well, and power.
      45 Mountainview Ln, White Sulphur Springs, MT 59645
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    • Contact for pricing

      Montana Land with Mountain Views

      Land with abundant wildlife, recreation, and mountain views.
      10 Stagecoach Trl, White Sulphur Springs, MT 59645
      View Details

    Similar Nearby for Sale

    • $175,000

      Montana Commercial Land - $175K

      Prime Montana commercial land, 875,992 sq ft.
      10 Stagecoach Trl, White Sulphur Springs, MT 59645
      View Details
    • Contact for pricing

      Land with Mountain Views

      39.22 acre property with drilled well and mountain views.
      58 Mtn Vw Trl, White Sulphur Springs, MT 59645
      View Details
    • New
      $279,900
      33.51 Acres

      33.5 Acres with Valley Views

      Land with views near White Sulphur Springs, Montana.
      127 Panorama Dr, White Sulphur Springs, MT 59645
      View Details
    • $250,000
      20.09 Acres

      White Sulphur Springs Land Parcel

      20-acre property with mountain views, well, and power.
      45 Mountainview Ln, White Sulphur Springs, MT 59645
      View Details
    • Contact for pricing

      Ringling, Montana Land with Creek

      10.91 acre property with Sixteen Mile Creek.
      3Rd Ave, White Sulphur Springs, MT 59645
      View Details
    • $325,000
      5.18 Acres

      Arrowhead Meadows Estate Land Parcel

      5.18 acre lot with mountain views near golf course.
      4Th Ave SE, White Sulphur Springs, MT 59645
      View Details
    View Listing
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    White Sulphur Springs, MT 59645
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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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