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    122 Wallace St Ennis, MT 59755

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    For Sale
    Contact for pricing

    Prime Location, Turnkey Business

    Property Features for 122 Wallace St

    General Information

    Property type
    Retail properties

    Building Details

    Year Built
    1865

    We can help!

    Listing Contact
    Shawn Gaugler
    Shawn Gaugler

    Listing Agency: RE/MAX Legacy Listing Agent: Shawn Gaugler

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This 1865 historic retail building, located at 122 W Wallace Street in Virginia City, Montana, is offered for sale at $450,000. The 1,971 square foot building sits on a 2,352 square foot lot and is currently operating as a successful souvenir and gift shop, including all fixtures and inventory at the time of sale (seller to provide exclusion list). The property boasts a prime location in the heart of Virginia City's historic district, ensuring high visibility and foot traffic. Its versatile layout is suitable for a variety of commercial ventures, from a general store to a café or museum. The building retains its original hardwood floors and antique fixtures, creating a unique and charming atmosphere. The rustic stone façade and nostalgic signage evoke the spirit of the Old West, attracting tourists and locals alike. This iconic property presents a compelling investment opportunity for entrepreneurs and history enthusiasts seeking to own a piece of Montana's past. Potential buyers must provide proof of funds to schedule a viewing. Financials will be provided to qualified buyers upon signing a non-disclosure agreement. Please respect the business's operating hours.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Ennis
    County
    Madison
    State
    Montana
    Longitude
    -111.9442882
    Latitude
    45.2932548

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    FAQs

    What type of property is this?
    Retail property - Prime Location, Turnkey Business
    Where is this retail property located?
    The property is located at 122 Wallace St Ennis, MT.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: Historic 1865 retail building in Virginia City, MT, offered at $450,000.; 1,971 SF building on a 2,352 SF lot, currently operating as a successful gift shop, including fixtures and inventory (seller to provide exclusion list).; Prime location in Virginia City's historic district, ensuring high visibility and foot traffic.
    (406) 548-5258 Call to check price and availability
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    122 Wallace St Ennis, MT 59755
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    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
    122 Wallace St Ennis, MT 59755
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Shawn Gaugler
    Shawn Gaugler
    Real Estate License ID: 52482
    (406) 548-5258
    Learn more
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