Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    31901 Us Highway 2 Libby, MT 59923

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,200,000

    Profitable Montana Hotel - Excellent Investment

    Property size:
    7,240 SF

    Property Features for 31901 Us Highway 2

    General Information

    Property type
    Other commercial real estate
    Square Feet
    7,240 SF
    Lot Size
    51,836 SF

    Building Details

    Year Built
    1971

    We can help!

    Listing Contact
    Ashley Miner

    Listing Agency: CENTURY 21 Summit Realty Listing Agent: Ashley Miner

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 16-unit hotel in Libby, Montana, presents a compelling investment opportunity. Boasting 7,240 square feet on a 1.19-acre lot, the property is strategically located near local amenities, ensuring convenient access for guests. Each of the sixteen units is meticulously maintained, offering clean and comfortable accommodations. The hotel's prime location, just minutes from restaurants, shops, and area attractions, makes it a highly desirable choice for travelers. Operational efficiency is enhanced by a dedicated, livable on-site management space, allowing for seamless oversight. Guests can enjoy a relaxing outdoor area, perfect for unwinding after a day of exploring. Ample parking is available for both guests and staff. The hotel consistently demonstrates strong occupancy rates, reflecting its popularity in a thriving area. Further growth potential exists through the addition of amenities or services. The property's current cap rate is 5%, indicating a strong return on investment. The asking price is $2,200,000. This turnkey operation is ready for a new owner to continue its success.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Pharmacy Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Libby
    County
    Lincoln
    State
    Montana
    Longitude
    -115.5678
    Latitude
    48.39623

    Nearby Similar for Sale

    • Contact for pricing
      980 SF

      Well-Maintained Manufactured Home in Quiet Park

      2-bedroom, 1-bath manufactured home in a quiet, owner-occupied park.
      506 Park St, Libby, MT 59923
      View Details
    • $324,900
      6,675 SF

      Libby Commercial Property w/Acreage

      Spacious Commercial Building & Home on 1.83 Acres
      28132 Us Highway 2, Libby, MT 59923
      View Details
    • $2,400,000
      1.98 Acres

      Libby Restaurant & Storage Complex

      Established business, 2 acres, highway frontage.
      1111 9Th St, Libby, MT 59923
      View Details
    • $749,000
      8,100 SF

      Prime Libby RV Park & Storage

      Montana RV Park with Storage Units
      11749 Mt Highway 37, Libby, MT 59923
      View Details
    • $300,000
      1,632 SF

      Libby Commercial Building - Great Potential

      1632 sq ft, corner lot, versatile zoning.
      206 6Th St, Libby, MT 59923
      View Details
    • $1,800,000

      Downtown Libby Hotel Investment

      Prime Libby Hotel: Huge Potential!
      919 Mineral Ave, Libby, MT 59923
      View Details
    • $2,400,000
      1.98 Acres

      Libby, MT Mixed-Use Investment

      Restaurant, Rentals, Storage - $2.4M
      1111 9Th St, Libby, MT 59923
      View Details
    • $2,200,000

      Libby Hotel: Prime Investment Opportunity

      Montana Hotel - 16 Units, High Occupancy
      31901 Us Highway 2, Libby, MT 59923
      View Details
    • $3,500,000

      Downtown Libby Hotel - Prime Investment

      17-Room Hotel, Top-Rated, High ROI
      808 Mineral Ave, Libby, MT 59923
      View Details
    • $1,800,000
      5,360 SF

      919 Mineral Ave, Libby, MT 59923

      Commercial real estate • 5,360 SF
      919 Mineral Ave, Libby, MT 59923
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Profitable Montana Hotel - Excellent Investment
    Where is this commercial real estate located?
    The property is located at 31901 Us Highway 2 Libby, MT.
    What is the asking price?
    The asking price for this property is $2,200,000.
    (406) 293-5107
    Request Owner's contact information
    31901 Us Highway 2 Libby, MT 59923
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    31901 Us Highway 2
    Libby, MT 59923
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    31901 Us Highway 2 Libby, MT 59923
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Ashley Miner
    Real Estate License ID: RRE-RBS-LIC-109160
    (406) 293-5107 (406) 293-0951
    Learn more
    Google sign-in failed. Please try again or use another login method.