518 Montana AveBaker, MT 59313
- Hospitality properties
- 4,542 SF
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
Location Insight
- City
- Baker
- County
- Fallon
- State
- Montana
- Latitude
- 46.3676
- Longitude
- -104.283
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].