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    115 Main St E Cooke City, MT 59020

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    For Sale
    $1,799,999

    Turn-key hospitality business near Yellowstone National Park entrance.

    Type:Special Purpose
    Property size:
    2,950 SF
    Added:
    Nov 21, 2025
    Days on Market:
    136
    Last Refresh:
    Dec 3 at 5:11 am

    Property Features for 115 Main St E

    General Information

    Standard status
    Active
    Size
    2,950 SF
    Property subtype
    Special Purpose

    Building Details

    Year Built
    1999

    We can help!

    Listing Contact
    Tyler Samson
    Tyler Samson

    Listing agent Tyler Samson License #R​R​E​-​R​B​S​-​L​I​C​-​2​5​4​3​3

    Listing office NAI Business Properties

    Listing date Nov 21, 2025

    Source Naiglobal

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

    All listing content including descriptions, pricing, images are the copyrighted material of NAI Business Properties

    Overview

    Cooke City Hospitality Property

    This hospitality property, constructed in 1999, offers 2,950 square feet of space in Cooke City. Situated at the northeast corner of the gateway to Yellowstone National Park, the property benefits from a prime corner lot with easy access and excellent frontage. This turn-key business opportunity includes cabins for Airbnb rentals. The location sees over 140,000 vehicles per year at the northeast gate of Yellowstone National Park. Additional commercial lots provide room for expansion and development. Cooke City serves as one of the entrances to Yellowstone National Park and is known for the Beartooth Pass on U.S. Highway 212, connecting Cooke City with Red Lodge.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sinclair Gas Station Gas Station BMO Harris Bank ... Atm Cooke City Sinclair Grocery & Convenience Store Beartooth Powder Guides Tour Operator

    Suggested Use

    Car Rental Facility Food Market Real Estate Agency Bed & Breakfast Grocery & Convenience Store Bar & Pub Grocery & Convenience Store Cafe & Coffee Shop Restaurant Hotel & Motel

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

    Similar Places Nearby

    • Two Painted Horses Motor Court — w broadway st, cooke city-silver gate, mt 59081
    • Two Rib Cabin — 110 Harris St, Cooke City, MT 59020

    Location Insight

    • Map
    • Local Demand
    City
    Cooke City
    County
    Park
    State
    Montana
    Longitude
    -109.9330809
    Latitude
    45.0200851

    Nearby Similar for Sale

    • $1,500,000

      Big Moose Resort Near Yellowstone

      Fully furnished resort near Yellowstone, ideal for family gatherings.
      715 US Hwy 212, Cooke City, MT 59020
      View Details
    • $1,595,000
      3,544 SF

      Historic Cabin and Modern Duplex

      Main Street investment opportunity near Yellowstone National Park.
      304 Main Street E, Cooke City, MT 59020
      View Details
    • $1,799,999
      2,950 SF

      Cooke City Hospitality Investment Opportunity

      2,805 SF building near Yellowstone National Park.
      115 Main St E, Cooke City, MT 59020
      View Details

    FAQs

    What type of property is this?
    Bed & breakfast - Turn-key hospitality business near Yellowstone National Park entrance.
    Where is this bed & breakfast located?
    The property is located at 115 Main St E Cooke City, MT.
    What is the asking price?
    The asking price for this property is $1,799,999.
    What are key features of this property?
    This property features: Prime location at the Northeast entrance to Yellowstone National Park (140,000+ vehicles annually).; Turn‑key business opportunity.; Includes cabins suitable for Airbnb.
    (406) 671-8257
    We can help!
    Listing Contact
    Tyler Samson
    Tyler Samson
    Real Estate License ID: R​R​E​-​R​B​S​-​L​I​C​-​2​5​4​3​3
    Learn More
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    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
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