Property profile

406 Railroad Ave Plains, MT 59859

OFF-MARKET
Medical Office Space
Property ID
US52-0734007
2,523 SF 0.45 ac lot Built 1935
Individually Owned 8-yr Hold
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Property summary

AI-generated overview

This exceptional mixed-use property in Plains, Montana, presents a unique investment opportunity. The main building, constructed in 1935, boasts a fully operational medical clinic on the ground floor, featuring exam rooms, a handicapped-accessible bathroom, a spacious waiting area, and a reception desk. A large eat-in kitchen, mudroom, and wood-burning stove complete the main level. Upstairs, discover a large living room, two guest bedrooms, a guest bathroom, and a master suite with its own bathroom, plus an additional office. The expansive basement includes two bonus rooms, a bathroom, a workout area, laundry facilities, and ample storage. The property also includes a separate guest house with a kitchen, living room, dining room, a master bedroom and bathroom upstairs, and an office. The 0.45-acre lot features ample parking, mature landscaping, extensive stonework, raised garden beds, a greenhouse, a pond, and frontage on MT Highway 200. City water and sewer services are available. This property offers a blend of commercial and residential space, ideal for a variety of uses, and is situated in a desirable location in Western Montana. The property's combination of historical charm, modern amenities, and versatile space makes it an attractive investment.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1935
Construction WOOD
Total area 2,523 SF
Lot 0.45 ac (19,602 SF)
APN 35-2979-27-1-04-26-0000
UPID US52-0734007

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician

Location

406 Railroad Ave Plains, MT 59859-9597
Plains metro Census 100
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$570k

Owner & transaction history

since 2018
2 recorded transactions
2020
Price N/A
2018
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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