Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    1422 W Main St Lewistown, MT 59457
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1422 W Main St Lewistown, MT 59457

    View on Map
    • Drive through restaurants
    • 4,626 SF
    • 1.24 lot acres
    For Sale
    View Listing →
    1422 W Main St, Lewistown, MT For Sale
    Contact for pricing
    4,242 SF

    1422 W Main St, Lewistown, MT

    2018 construction, excellent condition, strategically located near Interstate 87.

    1422 W Main St, Lewistown, MT 59457
    View Listing
    Property ID
    US52-0758861
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Drive through restaurants

    Property Details for 1422 W Main St

    Year built
    2018
    Construction
    STEEL FRAME
    Lot size
    1.24 lot acres
    Property size
    4,626 SF
    Property type
    Drive through restaurants
    APN
    08-2467-15-3-11-01-0000
    APU
    8246715311010000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lewistown
    County
    Fergus
    State
    Montana
    Longitude
    -109.438
    Latitude
    47.0577

    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
    2024
    $26,729
    $0.00
    $0.00
    $1,325,300
    -
    $119,000
    $1,206,300
    $1,325,300

    Comparable in this City

    • Value Estimation by Request
      1,464 SF

      1320 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,464 SF
      1320 Main St, Lewistown, MT 59457
      View Details
    • Value Estimation by Request
      480 SF

      Lewistown, MT 59457

      DRIVE-THRU RESTAURANT, FAST FOOD • 480 SF
      Lewistown, MT 59457
      View Details
    • Value Estimation by Request
      2,989 SF

      907 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,989 SF
      907 Main St, Lewistown, MT 59457-2401
      View Details
    • Value Estimation by Request
      3,029 SF

      1640 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,029 SF
      1640 Main St, Lewistown, MT 59457-2257
      View Details
    • Value Estimation by Request
      1,071 SF

      207 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,071 SF
      207 Main St, Lewistown, MT 59457-2040
      View Details
    • Value Estimation by Request
      1,871 SF

      511 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,871 SF
      511 Main St, Lewistown, MT 59457-1928
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,242 SF

      Former Dual Drive-Thru Restaurant

      2018 construction, excellent condition, strategically located near Interstate 87.
      1422 W Main St, Lewistown, MT 59457
      View Details
    • Contact for pricing
      7,704 SF

      Established Bar with Expansion Potential

      Operating bar on 1.74 acres with restaurant and shop.
      610 Us Highway 191, Lewistown, MT 59457
      View Details
    • $2,100,000
      7,704 SF

      Turn-Key Bar with Expansion Potential

      Operating bar on 1.74 acres with restaurant and shop.
      610 Us Highway 191, Lewistown, MT 59457
      View Details
    • Contact for pricing
      8,384 SF

      618 W Main St, Lewistown, MT 59457

      Mixed-use properties • 8,384 SF
      618 W Main St, Lewistown, MT 59457
      View Details
    • $330,000
      3,723 SF

      Remodeled Commercial Space Near Main

      Turnkey commercial space with retail and office areas.
      510 W Janeaux St, Lewistown, MT 59457
      View Details
    • Contact for pricing
      17,950 SF

      Historic Lewistown Commercial Building

      Modernized historic building with Main Street frontage and established tenant.
      521 W Main St, Lewistown, MT 59457
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1422 W Main St
    Lewistown, MT 59457
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!