5001 River DrGreat Falls, MT 59401

  • Hotels
  • 16,044 SF
For Sale
$1,499,000 View listing

Property Details for 5001 River Dr

Year built
1950
Construction
WOOD
Lot size
1.17 AC
Property size (Sq ft)
16,044 SF
Property type
Hotels
Property subtype
Motels
APN
02-3016-04-1-02-26-0000
APU
2301604102260000

Description

This exceptional 33-unit motel in Great Falls, Montana presents a lucrative investment opportunity. Located at 5001 River Drive N, this mixed-use property boasts a substantial 50,965 square foot lot and was originally constructed in 1950. The property currently enjoys a remarkable 95-100% occupancy rate year-round, demonstrating strong demand and consistent revenue generation. Each of the 33 units features two queen beds, a full bathroom, and a full kitchen equipped with a microwave. A significant portion of the units have undergone recent remodeling, ensuring modern comfort and appeal for guests. Further enhancing the property's income potential are on-site amenities including a vending machine and four sets of coin-operated laundry machines. The sale includes all operational items, eliminating the need for significant upfront investment. This comprehensive inventory encompasses beds, televisions, refrigerators, microwaves, bedding, four additional air conditioning/heating units, computers, office supplies, and all necessary housekeeping items. The property's strong performance and comprehensive inclusion of operational assets make this a truly turnkey investment ready to generate immediate returns. Financial details are available upon request. This is a rare opportunity to acquire a well-established, high-performing motel in a desirable Montana location. The property is situated in Cascade County, Montana, zip code 59401.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,347,809
    6.5%
    $3,090,285
    7%
    $2,869,550
  • Comparable approach

    Method
    Valuation
    Relative Method
    $8,038,742
    Geo Method
    $8,038,742
  • Alternative Use

    Use
    Valuation
    Residential
    $3,373,693
    Hospitality
    $3,090,285
    Educational
    $2,571,081
    Medical
    $2,659,504
    Retail
    $3,999,459

Location Insight

City
Great Falls
County
Cascade
State
Montana
Latitude
47.5205
Longitude
-111.224
CBSA code
24500
CBSA name
GREAT FALLS, MT METROPOLITAN STATISTICAL AREA

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
$15,182
-
-
$1,019,300
-
$209,589
$809,711
$1,019,300

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