West Yellowstone Boutique
For Sale
$5,000,000
603 Yellowstone Ave, West Yellowstone, MT 59758
Adult-exclusive lodging near Yellowstone National Park's West Entrance.
Property Size12,412 SF
Price / SF$402.84
Days on Market224
Property Features for 603 Yellowstone Ave
General Information
Standard status
Active
Size
12,412 SF
Taxes and HOA fees
Annual Taxes
$18,001
Listing Agency:
Windermere Great Divide-Bozeman
(406) 624-6810
Listed By:
Jaxson Maurer · License #20107582
(425) 375-3550
Source:
Exprealty
Added: Feb 23
Changed: Oct 3
Last Checked: Oct 4 at 1:23PM
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 Windermere Great Divide-Bozeman
Investment Insights
Based on property information with market context.
The 1872 Inn is an adult-exclusive lodging property located in West Yellowstone. This boutique lodge features 18 rooms, a sauna, and a fitness room. The property is located on Yellowstone Ave, blocks from the West Entrance to Yellowstone National Park and near shops, dining, and entertainment. In 2017, the property was completely renovated to evoke a Montana aesthetic. Guest room features include a fireplace, double showers, dual vanities, local custom hand-made furniture, towel warmers, his and hers bathroom amenities, a separate water closet, Keurig coffee makers, robes, and slippers. The property size is 12412 square feet.
Key Highlights
- Premier adult‑exclusive boutique lodge - West Yellowstone's only one.
- Prime location: Blocks from Yellowstone National Park's West Entrance.
- Completely renovated in 2017 with a distinct Montana aesthetic.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$159,184
Cap Rate
3.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,183,680
$3.2M
Cap Rate 7%
$2,274,057
$2.3M
Cap Rate 9%
$1,768,711
$1.8M
Market Conditions
NOI Build-Up for 12,412 SF
Gross rent
$372.4K $30.00/SF
− Vacancy
−$37.2K −$3.00/SF
EGI
$335.1K $27.00/SF
− OpEx
−$175.9K −$14.18/SF
NOI
$159.2K $12.83/SF
Area
Gallatin County, MT
Vacancy
10.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,183,680
Cap Rate 7%
$2,274,057
Cap Rate 9%
$1,768,711
Alternative Uses
Best Use
Hotel Hospitality
$2.27M
$1.99M – $2.65M
NOI $159,184 @ 7.0% cap · market cap 3.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.24M
$2.84M – $3.78M
NOI $226,872 @ 7.0% cap · market cap 4.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
407
Businesses Nearby
Explore this area
Business Placement
Demographics for 59758, MT
1,932
Population
1,695
Households
1.1
Avg Household Size
43
Median Age
32%
College-Educated
90%
High-School Grad
413.9 sq mi
ZIP Area
5
Density / Sq Mi
$59,750
Median Household Income
$32,439
Median Earnings
$1,050
Median Rent
$476,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Similar Off Market Nearby
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- Geyser Inn — 105- USA, 167 S Electric St, West Yellowstone, MT 59758
- Yellowstone Park Hotel — 201 Grizzly Ave, West Yellowstone, MT 59758
- Yellowstone — 250 S Canyon St, West Yellowstone, MT 59758
Frequently Asked Questions
What type of property is this?
Bed & breakfast - Adult-exclusive lodging near Yellowstone National Park's West Entrance.
Where is this bed & breakfast located?
The property is located at 603 Yellowstone Ave West Yellowstone, MT.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Premier adult‑exclusive boutique lodge - West Yellowstone's only one.; Prime location: Blocks from Yellowstone National Park's West Entrance.; Completely renovated in 2017 with a distinct Montana aesthetic.
