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    702 3Rd St Malta, MT 59538
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    Property profile & analytics

    702 3Rd St Malta, MT 59538

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    • Residential income homes
    • 4,176 SF
    Off-Market
    Property ID
    US52-0869193
    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 income homes

    Property Details for 702 3Rd St

    Year built
    1980
    Property size
    4,176 SF
    Property type
    Residential income homes

    Description

    This exceptional investment opportunity presents a well-maintained, three-unit multifamily property situated on a spacious 11,200 square foot lot in Malta, Montana. Built in 1980, this single-story building offers a total of 4,176 square feet of living space, with each unit featuring two bedrooms, one bathroom, and an attached garage. Adding to the convenience, each unit also includes a private storage shed. The property boasts a strong rental history with minimal vacancies, indicating consistent and reliable income generation. Zoned for commercial use, this property is priced at $319,000, representing a price per unit of $106,333.33 and a price per square foot of $76.39. The property's location at 702 S 3rd St E, Malta, MT 59538, offers a quiet neighborhood setting. This is an ideal owner-user investment, promising substantial returns and long-term value. The property is not subject to a ground lease.

    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
    Malta
    County
    Phillips
    State
    Montana
    Longitude
    -107.861917
    Latitude
    48.3573015

    Comparable in this City

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      Montana Quadplex Investment Opportunity

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    • $1,250,000
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      2930-Acre Grazing Land Near Malta, MT

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    • $5,000,000
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      East Malta Irrigated Farm & Ranch

      Productive 1203-acre farm and ranch near Bowdoin National Wildlife Refuge.
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    • $499,000
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      Agricultural Land Near Malta, MT

      146.35 acres of agricultural land 5 miles from Malta.
      146 Acres Hwy 363, Malta, MT 59538
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    • Contact for pricing
      6,400 SF

      Montana Sports Bar and Casino

      Turn-key sports bar and casino business for sale in Malta.
      147 S 1St Ave E, Malta, MT 59538
      View Details

    Similar Nearby for Sale

    • $185,000
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      Montana Quadplex Investment Opportunity

      Four-unit rental property in Malta, MT with immediate income potential.
      550 S 2Nd St E, Malta, MT 59538
      View Details
    • $1,250,000
      2,930.00 Acres

      2930-Acre Grazing Land Near Malta, MT

      Contiguous grazing unit with deeded land and reliable water access.
      Nhn Assiniboine Rd, Malta, MT 59538
      View Details
    • $5,000,000
      1,203.00 Acres

      East Malta Irrigated Farm & Ranch

      Productive 1203-acre farm and ranch near Bowdoin National Wildlife Refuge.
      3330 Strater Rd, Malta, MT 59538
      View Details
    • $499,000
      146.35 Acres

      Agricultural Land Near Malta, MT

      146.35 acres of agricultural land 5 miles from Malta.
      146 Acres Hwy 363, Malta, MT 59538
      View Details
    • Contact for pricing
      6,400 SF

      Montana Sports Bar and Casino

      Turn-key sports bar and casino business for sale in Malta.
      147 S 1St Ave E, Malta, MT 59538
      View Details
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    Malta, MT 59538
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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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