40 Three Bears DrButte, MT 59701

  • Healthcare properties
  • 16,200 SF
For Sale
$10,499,000 View listing

Property Details for 40 Three Bears Dr

Year built
2021
Construction
WOOD
Lot size
3.70 AC
Property size (Sq ft)
16,200 SF
Property type
Healthcare properties
Property subtype
Medical offices
APN
01-1198-33-3-05-03-0000
APU
1119833305030000

Description

This exceptional investment opportunity presents a newly constructed, 17,507 square foot VA Clinic building situated on a substantial 3.7-acre lot in Butte, Montana. The property boasts a highly desirable location, offering excellent visibility and accessibility with convenient Interstate 90 access. The modern facility is equipped with a comprehensive array of amenities, including air conditioning, high-speed fiber optic connectivity, Wi-Fi, a reception area, and janitorial services. Ample parking is provided with 118 spaces available for staff and patients. A significant advantage is the secure 20-year lease agreement with the federal government, ensuring a consistent and reliable income stream from the outset. This long-term lease mitigates risk and provides predictable cash flow for the investor. The substantial size of the property, combined with the secure lease, presents a compelling opportunity for long-term growth and appreciation. Furthermore, a capital gains purchase strategy is available, potentially saving the buyer approximately 30% of the purchase price, resulting in a tax savings of around $3.2 million through a 1031 exchange. This turnkey investment offers a rare combination of stability, high potential returns, and significant tax advantages. The property is offered for sale at $10,499,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,897,134
    6.5%
    $2,674,277
    7%
    $2,483,257
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,454,002
    Geo Method
    $3,454,002
  • Alternative Use

    Use
    Valuation
    Residential
    $3,316,104
    Hospitality
    $3,037,533
    Educational
    $2,527,192
    Medical
    $2,614,106
    Retail
    $3,931,187
40 Three Bears Dr, Butte, Montana

Location Insight

City
Butte
County
Silver Bow
State
Montana
Latitude
45.9614
Longitude
-112.475
CBSA code
15580
CBSA name
BUTTE-SILVER BOW, MT MICROPOLITAN 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
$65,563
-
-
$4,847,502
-
$715,152
$4,132,350
$4,847,502

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