20-Unit Motel with Convenience
For Sale
$1,050,000
Pending
740 Pike, Columbus, MT 59019
Hospitality property combines drive-up guest rooms with fuel service, retail space, and an on-site laundromat.
Property Size9,950 SF
Lot Size1.00 Acre
Days on Market92
Property Features for 740 Pike
General Information
Standard status
Pending
Size
9,950 SF
Lot size
1.00 Acre
Property subtype
Commercial
Property Condition
Severity
Repairs Needed
Evidence
A bit of renovation
Additional Details
Business Included
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$9,000
Amenities
Garage: Paved
0.00
Paved
Building Details
Year Built
1922
Abandoned
No
Listing Agency:
Parks Real Estate
Listed By:
Joyce Kelley · License #RRE-BRO-LIC-6644
(406) 780-1371
Source:
Clearwaterproperties
Added: Jul 23
Changed: Oct 21
Last Checked: Oct 20 at 10:15PM
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 Parks Real Estate
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Investment Insights
Based on property information with market context.
This hospitality property includes a 20-unit motel with drive-up rooms, a Conoco fuel station and convenience store, and a laundromat positioned behind the store. The property also includes adjoining vacant space connected to the convenience store, providing additional on-site commercial area. The motel was built in 1963, while the gas station has operated since 1922.
The 1-acre site is located along Main Street at 740 E Pike Avenue in Columbus, Montana. The property contains 9,950 square feet and combines lodging, fuel service, convenience retail, and laundry operations within one commercial setting. Its established mix of uses includes both operating businesses and vacant space associated with the store.
The 1-acre site is located along Main Street at 740 E Pike Avenue in Columbus, Montana. The property contains 9,950 square feet and combines lodging, fuel service, convenience retail, and laundry operations within one commercial setting. Its established mix of uses includes both operating businesses and vacant space associated with the store.
Key Highlights
- 20‑unit motel with classic drive‑up rooms
- 9,950‑square‑foot commercial property on 1 acre
- Conoco station and convenience store included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$96,117
Cap Rate
9.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,922,340
$1.9M
Cap Rate 7%
$1,373,100
$1.4M
Cap Rate 9%
$1,067,967
$1.1M
Market Conditions
NOI Build-Up for 9,950 SF
Gross rent
$167.2K $16.80/SF
− Vacancy
−$13.4K −$1.34/SF
EGI
$153.8K $15.46/SF
− OpEx
−$57.7K −$5.80/SF
NOI
$96.1K $9.66/SF
Area
Stillwater County, MT
Vacancy
8.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,922,340
Cap Rate 7%
$1,373,100
Cap Rate 9%
$1,067,967
Alternative Uses
Best Use
Specialty Retail
$1.69M
$1.48M – $1.97M
NOI $118,475 @ 7.0% cap · market cap 11.28%
Second Best
Retail
$1.46M
$1.27M – $1.70M
NOI $101,863 @ 7.0% cap · market cap 9.70%
Theoretical Best
Office A
$2.17M
$1.90M – $2.53M
NOI $151,972 @ 7.0% cap · market cap 14.47%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
308
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 59019, MT
4,047
Population
1,905
Households
2.1
Avg Household Size
46
Median Age
27%
College-Educated
92%
High-School Grad
306.8 sq mi
ZIP Area
13
Density / Sq Mi
$86,905
Median Household Income
$42,813
Median Earnings
$921
Median Rent
$352,900
Median Home Value
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Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- 307 Bar & Grill — 842 E Pike Ave, Columbus, MT 59019
- Wild Card LLC — 444 N 9th St, Columbus, MT 59019
- Cozy Angler's Apt — 431 Quarry St, Columbus, MT 59019
- Lucky Lil's Casino — 602 E 8th Ave, Columbus, MT 59019
- Super 8 by Wyndham Columbus — 602 E 8th Ave North, Columbus, MT 59019
Frequently Asked Questions
What type of property is this?
Motel - Hospitality property combines drive-up guest rooms with fuel service, retail space, and an on-site laundromat.
Where is this motel located?
The property is located at 740 Pike Columbus, MT.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 20‑unit motel with classic drive‑up rooms; 9,950‑square‑foot commercial property on 1 acre; Conoco station and convenience store included
