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FOR SALE
Specialty properties
420 Water Ave, Colstrip, MT 59323-9502
Entity Owned
13-yr Hold
Free & Clear
Property ID
US52-0841978
For Sale
1 / 19
$320,000
420 Water Ave, Colstrip, MT 59323-9502
View Listing →
Property summary
AI-generated overview
This unique 0.23-acre commercial property located at 420 Water Avenue in Colstrip, Montana, is priced at $245,000 and presents a multitude of business opportunities. The building's adaptable layout makes it suitable for a wide range of uses, including a salon, dog boarding/grooming facility, office spaces, daycare center, floral shop, or even a small restaurant like a soup and sandwich shop. The property also offers the intriguing possibility of combining residential and commercial uses, although it currently lacks a full residential bathroom
Property profile
Verified
Property type
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Year built
1988
Construction
STEEL FRAME
Total area
2,500 SF
Lot
0.23 ac (9,975 SF)
Zoning code
1
APN
29-1151-34-3-33-01-0000
UPID
US52-0841978
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Wells Fargo Bank NA · 13 yrs held
Wells Fargo Bank NA
since 2012
4 recorded transactions
Zoning & alternative use
1 · Colstrip, MT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Colstrip submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Colstrip submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$1,938
Tax year 2023
Assessed value
$126,000
Assessed 2023
Previous assessed
$126,000
+0.0% YoY
Effective rate
1.54%
On assessed value
Land market value
$12,482
Improvement market value
$113,518
Total market value
$126,000
Applied tax rate
1,796.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Status
For Sale
Year built
1988
Construction
STEEL FRAME
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
2,500 SF
Lot
0.23 ac (9,975 SF)
Zoning code
1
APN
29-1151-34-3-33-01-0000
UPID
US52-0841978
Jurisdiction
ROSEBUD
Zoning & alternative use
1 · Colstrip, MT
Zoning 1 · permitted uses
1 · Colstrip, MT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Colstrip. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1988
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Wells Fargo Bank NA
Entity
Free & Clear · 13 yrs held
Mailing address
6182 PO BOX 652, COLSTRIP, MT 59323-0652
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2024
—
Heather Grimm
—
Deed
related
$1,932,000 · Seacoast National Bank
Jan 31, 2022
—
High Prairie Veterinary Services In
—
Deed
related
$50,392 · Opportunity Bank Of Mt
Sep 30, 2019
—
Heather Grimm
—
Deed
related
$117,722 · First State Bank Of Forsyth
Sep 14, 2012
—
Wells Fargo Bank NA
Fidelity National Title Insurance C
Trustees Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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