B-3 Zoned Self-Storage With Bar
629 Madison West Yellowstone, MT 59758
New
For Sale
$998,000
Full city lot with 20 storage units; one front unit has power and a former bar space for redevelopment.
Property Size7,200 SF
Price / SF$138.61
Days on Market3
Property Features for 629 Madison
General Information
- Standard status
- Active
- Size
- 7,200 SF
Building Details
- Year Built
- 1997
Listing Agency:
Montana Territorial Land Co
(406) 640-0395
Listed By:
Liz Watt · License #RBS-39031
Source:
Purewestrealestate
Added: Jul 23
Changed: Jul 24
Last Checked: Jul 24 at 4:36AM
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 Montana Territorial Land Co
Investment Insights
Based on property information with market context.
This for-sale property is a self-storage facility on a full city lot, zoned B-3. The site includes 20 storage units, creating an income-producing layout that can support day-to-day rental operations.
One of the front storage units is equipped with power, which can add flexibility for future use. The property also includes an additional front unit that was formerly operated as a bar, which the seller notes may offer redevelopment options, including conversion to a studio apartment or other flexible commercial-residential use.
Located at 629 Madison in West Yellowstone, Montana, the property combines existing storage income with an additional physical asset for creative expansion under the B-3 zoning designation.
One of the front storage units is equipped with power, which can add flexibility for future use. The property also includes an additional front unit that was formerly operated as a bar, which the seller notes may offer redevelopment options, including conversion to a studio apartment or other flexible commercial-residential use.
Located at 629 Madison in West Yellowstone, Montana, the property combines existing storage income with an additional physical asset for creative expansion under the B-3 zoning designation.
Key Highlights
- Full city lot zoned B‑3
- 20 storage units for income‑producing rental potential
- One front storage unit has power
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $108.0k | $15.00 |
| − Vacancy | −$1.2k | −$0.17 |
| EGI | $106.8k | $14.83 |
| − OpEx | −$16.0k | −$2.23 |
| NOI | $90.8k | $12.61 |
7,200 SF · lease $15.00/SF/yr · vacancy 1.10% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.30M
$1.13M – $1.51M
NOI $90,790 @ 7.0% cap · market cap 9.10%
Second Best
Self Storage
$1.23M
$1.08M – $1.44M
NOI $86,184 @ 7.0% cap · market cap 8.64%
Theoretical Best
Office A
$1.88M
$1.65M – $2.19M
NOI $131,604 @ 7.0% cap · market cap 13.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
West End Storage
Storage Facility
FAQs
What type of property is this?
Self storage facility - Full city lot with 20 storage units; one front unit has power and a former bar space for redevelopment.
Where is this self storage facility located?
The property is located at 629 Madison West Yellowstone, MT.
What is the asking price?
The asking price for this property is $998,000.
What are key features of this property?
This property features: Full city lot zoned B‑3; 20 storage units for income‑producing rental potential; One front storage unit has power
