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    31901 Us Highway 2 Libby, MT 59923
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    31901 Us Highway 2, Libby, MT 59923

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    Cap Rate Potential
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    Current Use by Public Records

    • Land

    Property Details for 31901 Us Highway 2

    Property type
    Land
    Property subtype
    Apartment buildings

    Description

    This exceptional 16-unit hotel in Libby, Montana, presents a compelling investment opportunity. Priced at $2,200,000, this well-maintained property boasts a strong occupancy rate and a 5% capitalization rate, indicating significant potential for return. Conveniently located near local amenities, restaurants, shops, and attractions, the hotel offers guests a comfortable and inviting stay. The property features clean and meticulously maintained rooms, a dedicated on-site management space for enhanced operational efficiency, and a relaxing outdoor area for guests. Ample parking is available for guests and staff. The hotel's prime location in a thriving area, coupled with its strong performance and potential for further growth through added amenities or services, makes this a truly attractive investment prospect. The property is situated at 31901 US HWY 2, Libby, MT 59923. This multifamily property is classified as an apartment building and commercial property, and is specifically a duplex/triplex/quadruplex. The property is listed as having zero units, however, the marketing description indicates it is a 16-unit hotel.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Libby
    County
    Lincoln
    State
    Montana
    Longitude
    -115.271
    Latitude
    48.0636

    Comparable in this City

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      1,526 SF

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      GARDEN APT, COURT APT (5+ UNITS)
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      4,160 SF

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      GARDEN APT, COURT APT (5+ UNITS)
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      6,028 SF

      306 3rd St

      GARDEN APT, COURT APT (5+ UNITS)
      306 3rd St, Libby, MT 59923-1868
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      3,240 SF

      306 Education Way

      GARDEN APT, COURT APT (5+ UNITS)
      306 Education Way, Libby, MT 59923-2831
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    • Value Estimation by Request
      1,792 SF

      603 Lincoln Blvd

      GARDEN APT, COURT APT (5+ UNITS)
      603 Lincoln Blvd, Libby, MT 59923-2301
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    Similar Nearby for Sale

    • $1,800,000

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      30,000 SF

      Historic Libby High School Redevelopment

      Landmark high school in Libby, MT, for redevelopment.
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      Well-Maintained 16-Unit Hotel Investment

      Excellent investment opportunity: 16-unit hotel with strong occupancy rates.
      31901 Us Highway 2, Libby, MT 59923
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    • $230,000
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      Montana Land: Panoramic Views

      6 Acres, Prime Libby Location
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      16 Acres with Barn and Well

      16-acre property with barn, well, and wildlife.
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    31901 Us Highway 2
    Libby, MT 59923
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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
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    31901 Us Highway 2, Libby, MT, 59923
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