518 Montana AveBaker, MT 59313

  • Hospitality properties
  • 4,542 SF
For Sale
$850,000 View listing

Property Details for 518 Montana Ave

Year built
1979
Construction
WOOD
Lot size
1.79 AC
Property size (Sq ft)
4,542 SF
Property type
Hospitality properties
Property subtype
Hotels
APN
39-1652-14-1-13-03-0000
APU
39165214113030000

Description

This fee-simple, 40-key motel, the Sagebrush Inn, is offered for sale at $850,000 ($21,250 per key). Boasting a Net Operating Income (NOI) of $165,542 and a pro-forma NOI of $170,852, this property presents a compelling investment opportunity with a current cap rate of 19.48% and a pro-forma cap rate of 20.10%. Built in 1942, this two-story motel sits on a 1.47-acre lot at 518 W Montana Ave, Baker, MT 59313, conveniently located off US Route 12 near Highway 7. The property includes several amenities, such as a gazebo with a barbecue grill, vending machines, and ample parking for buses, trucks, and RVs. On-site owner's quarters are also included. Baker, Montana is situated in Fallon County, benefiting from the economic activity spurred by the Williston Basin's oil and gas reserves. The town features a thriving downtown area with shops and annual events, as well as attractions like Baker Lake and Medicine Rocks State Park. The property's proximity to the Fallon Medical Complex, the largest employer in Fallon County serving a large rural population across seven counties, further enhances its investment potential. The Sagebrush Inn is unencumbered by management contracts, franchises, or existing debt. This presents a rare opportunity to acquire a well-positioned motel in a growing area with significant upside potential.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,232,602
    6.5%
    $1,137,787
    7%
    $1,056,516
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,802,784
    Geo Method
    $881,861
  • Alternative Use

    Use
    Valuation
    Residential
    $1,242,132
    Hospitality
    $1,137,787
    Educational
    $946,625
    Medical
    $979,181
    Retail
    $1,472,528
518 Montana Ave, Baker, Montana

Location Insight

City
Baker
County
Fallon
State
Montana
Latitude
46.3676
Longitude
-104.283

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
$6,648
-
-
$710,818
-
$71,438
$639,380
$710,818

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