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    5228 Gardner Ln Florence, MT 59833
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    5228 Gardner Ln, Florence, MT 59833

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    • Commercial real estate
    • 10.01 lot acres
    For Sale
    $849,000
    View Listing →
    Equestrian Property with Indoor Arena For Sale
    $849,000
    7,056 SF

    Equestrian Property with Indoor Arena

    10.01-acre equestrian property featuring indoor and outdoor arenas.

    5228 Gardner Lane, Florence, MT 59833
    View Listing
    Property ID
    US52-0131528
    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

    • Cattail Stables / Horse Boarding Stable / Stable

    Property Details for 5228 Gardner Ln

    Lot size
    10.01 lot acres
    Property type
    Commercial real estate

    Description

    Exceptional opportunity to acquire a meticulously maintained 10.01-acre equestrian property in Florence, Montana. This idyllic estate, situated on Gardner Lane, boasts breathtaking Bitterroot Mountain views and convenient access from Highway 93. The property features a substantial barn with a concrete aisle, space for up to five stalls, and a spacious 65x80 indoor arena. The arena is equipped with shatter-proof mirrors and solid walls, and the low-dust footing is specifically designed for optimal equine performance. Currently configured with a feed room, tack room (including 11 lockers and hot water), and a heated lounge, the barn also includes two stalls with runs. Outdoor amenities include a 70x145 outdoor dressage arena with specialized sand/rubber footing, automatic waterers, a turnout pasture with a large shelter, and five six-foot-tall pens (each capable of housing two or more horses) enclosed by durable steel continuous fencing. A large hay shed is conveniently located adjacent to the barn. The property is being sold as-is, without the existing business. This presents a unique chance to establish your own horse training facility or develop your own clientele in this picturesque Montana setting. The asking price for this turnkey equestrian property is $895,000. The property is located in Missoula County, Montana, zip code 59833.

    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
    Florence
    County
    Missoula
    State
    Montana
    Longitude
    -114.071198
    Latitude
    46.700445

    Comparable in this City

    • $4,135,000
      196.88 Acres

      Productive Irrigated Farmland in Florence

      196.88 acres of level, irrigated farmland in Bitterroot Valley.
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    • New
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      Modern Farmhouse on 20 Acres

      Custom home with guest house, shop, and mountain views.
      5608 Trinity Way, Florence, MT 59833
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    • Contact for pricing
      7,056 SF

      Equestrian Property with Indoor Arena

      10.01-acre equestrian property featuring indoor and outdoor arenas.
      5228 Gardner Ln, Florence, MT 59833
      View Details
    • $250,000
      20.01 Acres

      20 Acres Land, Florence, MT

      20-acre parcel with mountain views and electricity in Florence, Montana.
      Dawson Dr, Florence, MT 59833
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    • $369,000
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      Land in Forest Hills, Florence

      4.75 acre homesite in a legacy community.
      Nkn Trophy Ct, Florence, MT 59833
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    • New
      $265,000
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      Land in Aspen Ridge

      Homesites in a mountain-foothill neighborhood, minutes from Missoula.
      180 Turnstone Way, Florence, MT 59833
      View Details

    Similar Nearby for Sale

    • $4,135,000
      196.88 Acres

      Productive Irrigated Farmland in Florence

      196.88 acres of level, irrigated farmland in Bitterroot Valley.
      Homestead Vlg, Florence, MT 59833
      View Details
    • New
      $2,999,999
      20.10 Acres

      Modern Farmhouse on 20 Acres

      Custom home with guest house, shop, and mountain views.
      5608 Trinity Way, Florence, MT 59833
      View Details
    • Contact for pricing
      7,056 SF

      Equestrian Property with Indoor Arena

      10.01-acre equestrian property featuring indoor and outdoor arenas.
      5228 Gardner Ln, Florence, MT 59833
      View Details
    • $369,000
      4.75 Acres

      Land in Forest Hills, Florence

      4.75 acre homesite in a legacy community.
      Nkn Trophy Ct, Florence, MT 59833
      View Details
    • $250,000
      20.01 Acres

      20 Acres Land, Florence, MT

      20-acre parcel with mountain views and electricity in Florence, Montana.
      Dawson Dr, Florence, MT 59833
      View Details
    • New
      $265,000
      2.95 Acres

      Land in Aspen Ridge

      Homesites in a mountain-foothill neighborhood, minutes from Missoula.
      180 Turnstone Way, Florence, MT 59833
      View Details
    View Listing
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    Florence, MT 59833
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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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