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Property summary
This exceptional 69-key motel in Billings, Montana presents a compelling investment opportunity. Boasting 38,450 square feet on a 61,010 square foot lot, this four-story, 2000-built property underwent extensive renovations between 2021 and 2023. The property features 70 parking spaces and is conveniently located near the Metra (10,000 seat arena) and airport, providing easy access to local attractions. The asking price is $11,250,000, representing a price per square foot of $292.59 and a… land value of $20 per square foot. The property's strong performance is evidenced by a 2023 room revenue of $2,812,153, an ADR of $162.54, an occupancy rate of 69%, and a RevPAR of $111.66, based on 17,301 rooms sold. The trailing twelve-month occupancy (as of July 11, 2024) stands at 69.5%. The current NOI is $501,916, with a pro-forma NOI of $807,453, yielding a current cap rate of 4.46% and a pro-forma cap rate of 7.18%. Recent improvements include the conversion of eight rooms, modernized pool equipment, replacement of all PTAC units with wall controls, upgraded door locks, a new shuttle vehicle, installation of CO detectors, upgraded security cameras, elevator refurbishment, repainting and recarpeting of guest rooms and public areas, and new guest room lighting. The property is zoned CMU-1 Corridor Mixed Use 1 and benefits from a strong employee culture focused on exceptional customer service, with a team of 39 employees. The motel also features a new website and online booking engine emphasizing direct bookings and consistently ranks number one on TripAdvisor. This is a turnkey operation with significant upside potential.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Oct 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 properties in this cityComparable in this city
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- GBA
- 38,450 SF
- Lot area
- 1.4 ac
- Year built
- 2000
- Stories
- 4
- APN
- 03-1033-27-3-05-20-0000
- Assessed value · 2023
- $3,931,900
- Annual tax · 2023
- $49,126
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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- Signals, scores & lead lists
- 300 owner contacts a month
- 30 full reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Signals, scores & lead lists
- 1500 owner contacts a month
- 150 full reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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