Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Columbus, MT Commercial Investment Opportunity Title is generated by Realmo AI

    740 E Pike Avenue, Columbus, MT 59019

    View on Map
    Claim this Listing
    For Sale
    $1,390,000

    COMMERCIAL - Columbus, MT

    Property size:
    9,950 SF
    Lot size:
    1.07 Acres
    Price / SF:
    $139/SF
    Added:
    Mar 17, 2026
    Days on Market:
    61
    Last Refresh:
    May 16 at 11:06 am

    Property Features for 740 E Pike Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking
    40
    Standard status
    Active
    APN
    30624
    Size
    9,950 SF
    Lot size
    1.07 Acres

    Taxes and HOA fees

    Tax Description
    LAVELLE ADD (COLUMBUS), S27, T02 S, R20 E, BLOCK 003, Lot 1-4, LOTS 1-4 BLOCK 3 and BLOCK 3, Lot B, 265274 TR B COS 265274 BLK 3
    Tax Annual Amount
    9000

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Electric (Heating), Hot Water(Heating), Baseboard
    Cooling system
    Wall Unit(s)
    Water source
    Public

    Building Details

    Year built
    1922
    Floors in Building
    1
    Building materials
    Block
    Roof type
    Membrane, Shingle

    We can help!

    Listing Contact
    Joyce Kelley

    Listing agent Joyce Kelley License #RRE-BRO-LIC-6644

    Listing office Parks Real Estate Box 966, MT

    Listing date Mar 17, 2026

    MLS# 356383

    Copyright © 2026 Billings Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Established business opportunity with multiple income streams: motel, gas station/C‑store, and laundromat.
    • Prime location on Main Street in Columbus, MT, with high visibility and traffic.
    • Steady local and tourist traffic due to proximity to Red Lodge and Yellowstone Park.
    • Gas station operating since 1922, demonstrating long‑term viability.
    • Convenience store with adjoining vacant space for expansion.
    • 20‑unit motel with renovation potential to increase revenue.

    Overview

    This commercial property in Columbus, MT, presents an investment opportunity with a long-standing business. The property, known as Git's Towne Centre, includes the Big Sky Motel, a Conoco station and convenience store, and a laundromat, all situated on 1 acre along Main Street. Originally constructed in 1963, the 20-unit motel features drive-up rooms. The gas station has been in operation since 1922, contributing to the site's visibility and attracting both local and tourist traffic, particularly during the summer months as travelers head to destinations like Red Lodge and Yellowstone Park. The convenience store serves as a primary business, with an adjacent vacant space available for expansion. A laundromat located behind the store provides an additional income stream. The property size is 9950 square feet and the lot size is 1.0714 acres.

    Financial Insights

    Value Estimation Calculated for Specialty Retail

    Conservative
    $1.32M
    NOI $118,475 @ 9.00% cap · cautious / downside scenario
    Moderate
    $1.69M
    NOI $118,475 @ 7.00% cap · market / base-case scenario
    Aggressive
    $2.37M
    NOI $118,475 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Specialty Retail

    Component $ $/SF
    Gross rent $161.2k $16.20
    − Vacancy −$3.2k −$0.32
    EGI $158.0k $15.88
    − OpEx −$39.5k −$3.97
    NOI $118.5k $11.91
    9,950 SF · lease $16.20/SF/yr · vacancy 2.00% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Specialty Retail
    $1.69M
    $1.48M – $1.97M (±1% cap)
    NOI $118,475 @ 7.0% cap · market cap 8.52%
    Second Best
    Retail
    $1.46M
    $1.27M – $1.70M (±1% cap)
    NOI $101,863 @ 7.0% cap · market cap 7.33%
    Theoretical Best
    Office A
    $2.17M
    $1.90M – $2.53M (±1% cap)
    NOI $151,972 @ 7.0% cap · market cap 10.93%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Git's Big Sky ... Hotel & Motel Conoco Gas Station Gits Service Grocery & Convenience Store Git’s Laundry Mat (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Similar Places Nearby

    • 307 Bar & Grill — 842 E Pike Ave, Columbus, MT 59019
    • Lucky Lil's Casino — 602 E 8th Ave, Columbus, MT 59019
    • Wild Card LLC — 444 N 9th St, Columbus, MT 59019
    • Cozy Angler's Apt — 431 Quarry St, Columbus, MT 59019
    • Super 8 by Wyndham Columbus — 602 E 8th Ave North, Columbus, MT 59019

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Stillwater
    State
    Montana
    Longitude
    -109.250019
    Latitude
    45.636677

    Nearby Similar for Sale

    • $4,543
      3,360 SF

      Warehouse with Office and Bath

      3,360 SF warehouse with office and bath for sublease.
      800 Clough Avenue, Columbus, MT 59019
      View Details
    • $349,000
      3,941 SF

      Charming 1941 Triplex with Garage

      Triplex with detached garage in top location with low vacancy.
      345 N 3rd St, Columbus, MT 59019
      View Details
    • $1,200,000
      2,000 SF

      Established Liquor Store in Columbus

      Profitable liquor store in a high-visibility location with established clientele.
      444 N 9th Street-Suite 1, Columbus, MT 59019
      View Details
    • $315,000
      4,350 SF

      Mixed-Use Building in Downtown Columbus

      Mixed-use property with retail space and residential units.
      410 E Pike Avenue, Columbus, MT 59019
      View Details
    • $1,200,000
      2,000 SF

      Established Liquor Store Opportunity

      Liquor store in newer building with established clientele.
      444 N 9th St, Columbus, MT 59019
      View Details

    FAQs

    What type of property is this?
    Motel - Hospitality, gas station, and retail business opportunity in Columbus, MT.
    Where is this motel located?
    The property is located at 740 E Pike Avenue Columbus, MT.
    What is the asking price?
    The asking price for this property is $1,390,000.
    What are key features of this property?
    This property features: Established business opportunity with multiple income streams: motel, gas station/C‑store, and laundromat.; Prime location on Main Street in Columbus, MT, with high visibility and traffic.; Steady local and tourist traffic due to proximity to Red Lodge and Yellowstone Park.
    (406) 780-1371
    We can help!
    Listing Contact
    Joyce Kelley
    Real Estate License ID: RRE-BRO-LIC-6644
    Learn More
    Request Owner's contact information
    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.
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    740 E Pike Avenue, Columbus, MT 59019
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!