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    2475 Broadway Avenue North Red Lodge, MT 59068

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    For Sale
    $2,995,000

    Meticulously designed facility with private suites near Beartooth Mountains.

    Type:Multifamily
    Property size:
    15,667 SF
    Price / SF:
    $191/SF
    Added:
    Nov 21, 2025
    Days on Market:
    160
    Last Refresh:
    Apr 5 at 10:44 pm

    Property Features for 2475 Broadway Avenue North

    General Information

    Standard status
    Active
    Size
    15,667 SF
    Property subtype
    Multifamily

    Building Details

    Year Built
    2013

    We can help!

    Listing Contact
    Haley Vannatta, CCIM

    Listing agent Haley Vannatta, CCIM License #MT #62446

    Listing office

    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 Haley Vannatta, CCIM

    Overview

    Turnkey 24-Bed Healthcare Facility

    This meticulously designed 24-bed facility offers comfort, convenience, and care at the base of the Beartooth Mountains. The turnkey property features two distinct wings, each offering 12 private rooms with ADA-compliant bathrooms, ensuring a safe and accessible living experience for residents. Each wing operates with autonomy, boasting its own gourmet kitchen, dining area, and living room, creating a home-like atmosphere for residents. Every resident enjoys their own private space with modern ADA bathrooms. The property includes a spacious central laundry area, pantry and food storage areas, a fully equipped beauty salon, and a professional administrative office area. It is located right next to Beartooth Billings Clinic, offering round-the-clock access to medical care. Outdoor recreational opportunities abound in the area. The property is designed for functionality and comfort and is perfect for operators looking to expand their portfolio or entrepreneurs entering the supportive living market. This facility offers unmatched flexibility and growth potential. The property size is 15667 square feet. Sale includes improvements only. Property is on a land lease.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Assisted living facilities

    Suggested Use

    Restaurant Hair Salon Building Supply Auto Parts Store Spa & Massage Center Nail Salon Skin Care Clinic Storage Facility Bar & Pub Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Red Lodge
    County
    Carbon
    State
    Montana
    Longitude
    -109.245
    Latitude
    45.2113

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    FAQs

    What type of property is this?
    Senior housing / Retirement Home - Meticulously designed facility with private suites near Beartooth Mountains.
    Where is this senior housing / retirement home located?
    The property is located at 2475 Broadway Avenue North Red Lodge, MT.
    What is the asking price?
    The asking price for this property is $2,995,000.
    What are key features of this property?
    This property features: Turnkey 24‑bed facility designed for supportive living.; Two independent wings, each with 12 private suites, kitchen, dining, and living areas.; All private rooms feature modern ADA‑compliant bathrooms.
    (406) 294-6317
    We can help!
    Listing Contact
    Haley Vannatta, CCIM
    Real Estate License ID: MT #62446
    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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