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    201/205 Hungry Horse Blvd Hungry Horse, MT 59919

    • Specialty properties
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 201/205 Hungry Horse Blvd

    Property type
    Specialty properties

    Description

    This exceptional special-purpose property, located at 201/205 Hungry Horse Boulevard in Hungry Horse, Montana, 59919, presents a unique investment opportunity. Situated on a prominent 0.184-acre corner lot along Highway 2, the property enjoys high visibility and significant traffic volume, benefiting from the over 2 million annual visitors to nearby Glacier National Park. The 2,080 square foot building comprises three rental units currently generating a combined monthly income of $2,400, a separate commercial unit, and an owner-utilized tandem garage. This established business boasts a 30-year operational history, offering a seasonal income stream ideal for those seeking a balanced lifestyle. The property's zoning is detailed in the remarks section. The APN is 07418708204120000. This turnkey operation includes the land, all existing units, and select fixtures, making it an attractive proposition for a new owner. The current owner is retiring, presenting a rare chance to acquire a well-established business in a prime location. This is a single-tenant property with no building suites. The property's location provides excellent exposure and consistent traffic flow, making it an ideal investment for an owner-operator or savvy investor seeking a profitable venture in a desirable Montana setting.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hungry Horse
    County
    Flathead
    State
    Montana
    Longitude
    -114.061
    Latitude
    48.3851

    Comparable in this City

    • Value Estimation by Request
      0.09 Acres

      526 Glacier Ave

      Land • 0.09 Acres
      526 Glacier Ave, Hungry Horse, MT 59919
      View Details
    • Value Estimation by Request
      0.09 Acres

      131 Hungry Horse Blvd

      VACANT COMMERCIAL LAND • 0.09 Acres
      131 Hungry Horse Blvd, Hungry Horse, MT 59919-9719
      View Details
    • Value Estimation by Request
      0.09 Acres

      121 Hungry Horse Blvd

      VACANT COMMERCIAL LAND • 0.09 Acres
      121 Hungry Horse Blvd, Hungry Horse, MT 59919-9719
      View Details
    • Value Estimation by Request
      0.13 Acres

      8970 Us Hwy 2nd E

      VACANT COMMERCIAL LAND • 0.13 Acres
      8970 Us Hwy 2nd E, Hungry Horse, MT 59919-9757
      View Details
    • Value Estimation by Request
      3,200 SF

      251 Hungry Horse Blvd

      RETAIL STORES (PERSONAL SERVICES) • 3,200 SF
      251 Hungry Horse Blvd, Hungry Horse, MT 59919
      View Details
    • Value Estimation by Request
      364 SF

      Us Hwy 2nd E

      HOTEL/MOTEL • 364 SF
      Us Hwy 2nd E, Hungry Horse, MT 59919
      View Details

    Similar Nearby for Sale

    • $119,000
      0.09 Acres

      Hungry Horse Residential Land Parcel

      Build-ready lot with mountain views.
      526 Glacier Ave, Hungry Horse, MT 59919
      View Details
    • $284,000
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      Montana Mountain Retreat - Hungry Horse

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    • $525,000
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      Historic Hungry Horse Tavern

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    • $499,900

      Highway 2 E Mixed-Use Property

      Montana Mountain Views, Huge Potential
      8786 Us Highway 2, Hungry Horse, MT 59919
      View Details
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    Hungry Horse, MT 59919
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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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