Your AI Navigator in Commercial Real Estate
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

    422 Main St Livingston, MT 59047

    Sponsored
    For Sale
    $2,990,000

    High-Yield Investment, Prime Location

    Property size:
    24,680 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    348
    This exceptional multi-use property at 422 S Main Street, Livingston, MT, presents a compelling investment opportunity. Boasting 24,680 square feet on a 0.92-acre lot, the building offers a unique blend of commercial and residential spaces. The ground floor encompasses commercial units, while the second floor features eight residential units, all benefiting from convenient access via two automatic lift chairs. Below ground, a substantial garage provides 18 parking spaces, enhanced by an automatic door, CO2 exhaust system, and a heated ramp for winter accessibility. Commercial tenants enjoy an additional 38 outdoor parking spaces, complete with a wheelchair ramp and ADA-compliant doors. The property's prime location adjacent to schools and the downtown area ensures high visibility and strong tenant demand. A history of excellent rental occupancy and robust cash flow further underscores the investment potential. The asking price is $2,990,000. This is a rare opportunity to acquire a well-established, high-performing multi-use building in a thriving Montana community. The property's diverse income streams and strategic location make it an ideal investment for discerning buyers seeking strong returns. The virtual tour is highly recommended for a comprehensive view of this remarkable property.

    Property Features for 422 Main St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    24,680 SF
    Lot Size
    40,075 SF

    Building Details

    Year Built
    1980
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Livingston
    County
    Park
    State
    Montana
    Longitude
    -110.5564
    Latitude
    45.65769

    Nearby Similar for Sale

    • $1,900,000
      0.40 Acres

      Historic Church with Redevelopment Potential

      Historic church and parsonage on 5 lots in downtown Livingston.
      236 S 3Rd St, Livingston, MT 59047
      View Details
    • $895,000

      Downtown Livingston Mixed-Use Building

      Historic district property with income and flexibility near Yellowstone.
      124/126 S 2Nd St, Livingston, MT 59047
      View Details
    • $724,900
      0.75 Acres

      Versatile Livingston Property with Shop

      Mixed-use property with residence, ADU, heated shop, and development potential.
      1801 Sun Ave, Livingston, MT 59047
      View Details
    • $1,200,000
      15.98 Acres

      Remodeled Home with Apartment on Acres

      Remodeled home with apartment on 16 acres near Yellowstone.
      109 Runway Ln, Livingston, MT 59047
      View Details
    • $600,000
      2 SF

      Spacious Home on Large Lot

      Single-level home on almost an acre with potential commercial use.
      15 West End Rd, Livingston, MT 59047
      View Details
    • $475,000
      6 SF

      Commercial Mini Mall Investment Opportunity

      Fully leased mini mall in Livingston's commercial corridor for sale.
      1014 W Park St, Livingston, MT 59047
      View Details
    • $2,200,000
      10 SF

      Versatile Mixed-Use Property on Main

      Unique mixed-use property with office and warehouse space on Main.
      401 S Main St, Livingston, MT 59047
      View Details
    • $1,500,000

      Secluded Mobile Home Court

      2.6-acre mobile home court with creek, trees, and owner financing.
      1100 E Geyser St, Livingston, MT 59047
      View Details
    • $600,000
      2 SF

      Single-Level Home on Expansive Lot

      Comfortable home on almost an acre with detached garages.
      15 West End Rd, Livingston, MT 59047
      View Details
    • $600,000
      2,280 SF

      Spacious Home on Large Lot

      Three-bedroom home with updated features and large private lot.
      15 West End Rd, Livingston, MT 59047
      View Details
    • $885,000
      4 SF

      Iconic Livingston Industrial Building For Sale

      Flex warehouse building in a rapidly growing area of Livingston.
      1204 W Front St, Livingston, MT 59047
      View Details
    • $795,000
      6,250 SF

      Iconic Livingston Building For Sale

      Mixed-use building with restaurant and apartments in downtown Livingston.
      118 N Main St, Livingston, MT 59047
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - High-Yield Investment, Prime Location
    Where is this commercial real estate located?
    The property is located at 422 Main St Livingston, MT.
    What is the asking price?
    The asking price for this property is $2,990,000.
    (406) 222-5590
    Request Owner's contact information
    422 Main St Livingston, MT 59047
    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.
    422 Main St
    Livingston, MT 59047
    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
    422 Main St Livingston, MT 59047
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.