Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    919 Mineral Avenue Libby, MT 59923

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,700,000

    Apartment complex with renovation potential in a prime location.

    Type:Commercial/Industrial
    Property size:
    5,360 SF
    Lot size:
    0.22 Acres
    Added:
    Mar 24, 2026
    Days on Market:
    12
    Last Refresh:
    Feb 11 at 12:22 am

    Property Features for 919 Mineral Avenue

    General Information

    Standard status
    Active
    Size
    5,360 SF
    Lot size
    0.22 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1946

    We can help!

    Listing Contact
    Ashley Miner

    Listing agent Ashley Miner License #RRE-RBS-LIC-109160

    Listing office CENTURY 21 Summit Realty

    Listing date Mar 24, 2026

    Source Exitrealty

    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 CENTURY 21 Summit Realty

    Overview

    Downtown Apartment Complex with Potential

    This apartment complex, formerly a motel, presents an investment opportunity with potential for upgrades and renovations. Located downtown, it offers access to parks and local attractions. The property includes a manager’s quarters, suitable for on-site management or additional rental income. The units feature spacious layouts that can be transformed into modern living spaces. Repairs and renovations can enhance the property's value and appeal. The property is a blank canvas, suitable for renovation to increase rental income or conversion for a different purpose. Unfinished basements in both buildings offer additional potential for rentable space. The property size is 5360 square feet. The capitalization rate is 4%.
    Location Intelligence

    Current Use by Public Records

    Granite Studios Hotel & Motel Evergreen Extension Hotel & Motel The Royal Wolf Lodge Hotel & Motel The Janitorial & Construction Cleaning ... Hardware & Home Improvement

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Libby
    County
    Lincoln
    State
    Montana
    Longitude
    -115.5553464
    Latitude
    48.387386

    Nearby Similar for Sale

    • $565,000

      Downtown Libby Retail Opportunity

      7,200 sq ft commercial building in downtown Libby, Montana.
      520 Mineral Avenue, Libby, MT 59923
      View Details
    • $895,000

      Libby, MT Income Property

      Well-maintained apartments in a prime commercial location with income potential.
      505 E 10th Street, Libby, MT 59923
      View Details
    • $545,000

      Craftsman Home with Guest Quarters

      Remodeled craftsman home with separate guest quarters in Libby, Montana.
      118 E Lincoln Boulevard, Libby, MT 59923
      View Details
    • $300,000
      1,632 SF

      Commercial Building in Libby, Montana

      Centrally located commercial building suitable for business or residential use.
      206 E 6th Street, Libby, MT 59923
      View Details
    • $2,800,000
      7,240 SF

      Well-Maintained 16-Unit Hotel Investment

      16-unit hotel near amenities with strong occupancy rates.
      31901 Us Highway 2, Libby, MT 59923
      View Details
    • $2,800,000
      6,498 SF

      Remodeled Motel in Downtown Location

      17-room motel in downtown location with strong customer base.
      808 Mineral Avenue, Libby, MT 59923
      View Details
    • $500,000

      Secluded 160-Acre Montana Tree Farm

      Large, secluded 160-acre property near Libby, Montana.
      . COS 7439, Libby, MT 59917
      View Details
    • $1,099,000
      30,000 SF

      Historic Libby High School Redevelopment

      Landmark high school in Libby, MT, for redevelopment.
      101 E. Lincoln Blvd, Libby, MT 59923
      View Details
    • $2,500,000
      7,240 SF

      Well-Maintained 16-Unit Hotel Investment

      Excellent investment opportunity: 16-unit hotel with strong occupancy rates.
      31901 Us Highway 2, Libby, MT 59923
      View Details
    • $1,700,000
      5,360 SF

      Downtown Apartment Complex with Potential

      Apartment complex with renovation potential in a prime downtown location.
      919 Mineral Avenue, Libby, MT 59923
      View Details
    • $2,800,000

      Remodeled Motel in Prime Location

      Seventeen-room motel in downtown location with strong customer base.
      808 Mineral Avenue, Libby, MT 59923
      View Details
    • $1,925,000

      Restaurant and Storage Complex For Sale

      Established restaurant and storage unit complex on 1.71 acres.
      1111 W 9th Street, Libby, MT 59923
      View Details

    FAQs

    What type of property is this?
    Apartment building - Apartment complex with renovation potential in a prime location.
    Where is this apartment building located?
    The property is located at 919 Mineral Avenue Libby, MT.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: Prime downtown location with easy access to parks and local attractions.; Significant potential for increased rental income through renovations and upgrades.; On‑site Manager's Quarters for convenient management or additional rental income.
    (406) 293-5107
    We can help!
    Listing Contact
    Ashley Miner
    Real Estate License ID: RRE-RBS-LIC-109160
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!