603 Yellowstone AveWest Yellowstone, MT 59758

Property Details for 603 Yellowstone Ave

Year built

1960

Construction

WOOD

Lot size

0.34 AC

Property size (Sq ft)

12,412 SF

Property type

Hospitality properties

Property subtype

Hotels

APN

06-0062-34-2-06-02-0000

APU

6006234206020000

Description

Exceptional investment opportunity: The 1872 Inn, a premier, adults-only motel in West Yellowstone, Montana, is offered at $5,700,000. This 18-key boutique lodge boasts 12,412 square feet across two buildings and two stories, situated on a 0.344-acre lot at 603 Yellowstone Ave, 59758. Built in 1960 and extensively renovated in 2017, the property features exquisitely appointed rooms, each with fireplaces, double showers, dual vanities, and high-end amenities including towel warmers, custom furniture, and Keurig coffee makers. Additional amenities include a sauna and fitness room. The property enjoys a prime location, blocks from the West Entrance to Yellowstone National Park and close to local shops, dining, and entertainment. The strong cash flow is evidenced by a 9.27% cap rate and a net operating income (NOI) of $528,114. Seller financing is available. This represents a rare chance to acquire a high-performing hospitality asset in a desirable tourist destination. The property's unique design and luxurious appointments create a truly distinctive lodging experience. The price per square foot is $459.23.

• CAP approach

  CAP return

  Valuation

  6%

  $2,521,215

  6.5%

  $2,327,275

  7%

  $2,161,041

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,218,952

  Geo Method

  $6,218,952

• Alternative Use

  Use

  Valuation

  Residential

  $2,540,708

  Hospitality

  $2,327,275

  Educational

  $1,936,266

  Medical

  $2,002,857

  Retail

  $3,011,969

Location Insight

City

West Yellowstone

County

Gallatin

State

Montana

Latitude

44.6591

Longitude

-111.111

CBSA code

14580

CBSA name

BOZEMAN, MT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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