119 Electric StWest Yellowstone, MT 59758

  • Hospitality properties
  • 6,857 SF
For Sale
$6,800,000 View listing

Property Details for 119 Electric St

Year built
1968
Construction
WOOD
Lot size
0.34 AC
Property size (Sq ft)
6,857 SF
Zone code
6
Property type
Hospitality properties
Property subtype
Hotels
APN
06-0062-34-2-16-18-0000
APU
6006234216180000

Description

This exceptional 34-key motel in West Yellowstone, Montana presents a compelling investment opportunity. Boasting 10,217 square feet on a 15,000 square foot lot, the property includes two buildings, one constructed in 2011. The motel features 34 nicely updated rooms, offering a "rustic chic" aesthetic popular with budget-conscious travelers. Its prime location, blocks from the West Entrance to Yellowstone National Park, capitalizes on the park's consistently high visitor numbers. The property has a strong financial history, demonstrated by a 10.25% cap rate and a Net Operating Income (NOI) of $697,042. The asking price is $6,800,000, translating to $758.54 per square foot. Seller financing is available, making this an attractive acquisition for investors seeking a proven, high-performing asset in a thriving tourism destination. The property's consistent occupancy and strong financials, coupled with its ideal location near the heavily trafficked West Yellowstone entrance to Yellowstone National Park, position it for continued success and significant return on investment. This is a rare chance to acquire a well-established and profitable hospitality business in one of America's most popular national parks.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,392,843
    6.5%
    $1,285,702
    7%
    $1,193,866
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,435,655
    Geo Method
    $3,435,655
  • Alternative Use

    Use
    Valuation
    Residential
    $1,403,612
    Hospitality
    $1,285,702
    Educational
    $1,069,688
    Medical
    $1,106,477
    Retail
    $1,663,960
119 Electric St, West Yellowstone, Montana
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Location Insight

City
West Yellowstone
County
Gallatin
State
Montana
Latitude
44.6612
Longitude
-111.104
CBSA code
14580
CBSA name
BOZEMAN, MT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$10,607
-
-
$1,629,900
-
$656,247
$973,653
$1,629,900

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