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    56609 Hwy Charlo, MT 59824
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    56609 Hwy, Charlo, MT 59824

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    • Warehouses
    • 0.32 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 56609 Hwy

    Year built
    1919
    Lot size
    0.32 lot acres
    Property type
    Warehouses
    Property subtype
    Retail properties & Spaces

    Description

    This mixed-use property in Charlo, Montana, presents a unique investment opportunity. The 0.321-acre lot features a storefront and warehouse building constructed in 1919, recently updated with $20,000 in improvements within the last six months. The established Charlo Grocery Store is included in the sale, offering a turnkey operation with a diverse inventory including groceries, produce, meat, hardware, fishing tackle, and a deli section serving pizza, ice cream, and hotdogs. The business includes a fully equipped butcher area with a meat slicer, grinder, and bandsaw. A new computer register system was installed in 2020, and the business is a member of Associated Grocery. The property boasts a three-car attached garage, ideal for unloading deliveries and providing additional storage. City sewer and water are connected, and ample street parking is available on Hwy 212, with additional parking behind the building. The building also features an old bank safe and additional rooms offering expansion potential for a restaurant or other uses. The sale includes the real estate, building, business, shelving, and walk-in coolers. Inventory is sold separately. Owner financing is available with 20% down, up to a 30-year term for qualified buyers. The property is located at 56609 Hwy 212, Charlo, MT 59824. Asking price is $999,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Charlo
    County
    Lake
    State
    Montana
    Longitude
    -114.173
    Latitude
    47.4384

    Comparable in this City

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      3,600 SF

      56819 Mt Hwy 212

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    • Value Estimation by Request
      2,880 SF

      409 Main N St

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      409 Main N St, Charlo, MT 59824
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    • Value Estimation by Request
      9,600 SF

      69316 Us Hwy 93

      RETAIL STORES (PERSONAL SERVICES)
      69316 Us Hwy 93, Charlo, MT 59824-9789
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    • Value Estimation by Request
      5,808 SF

      56609 Mt Hwy 212

      RETAIL STORES (PERSONAL SERVICES)
      56609 Mt Hwy 212, Charlo, MT 59824-9037
      View Details
    • Value Estimation by Request
      1,295 SF

      64611 Mt Hwy 212

      RETAIL STORES (PERSONAL SERVICES)
      64611 Mt Hwy 212, Moiese, MT 59824-9004
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    • Value Estimation by Request
      3,840 SF

      Charlo, MT 59824

      SHOW ROOM, WAREHOUSE
      Charlo, MT 59824
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Turn-Key Grocery Store Opportunity

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    • $450,000
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      Charlo Grocery Store & Real Estate

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    • $1,099,000
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    Charlo, MT 59824
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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.

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