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Property profile & analytics
OFF-MARKET
Investment properties
450 Montana Ave Lovell, WY 82431-1952
Entity Owned
4-yr Hold
Free & Clear
Property ID
US95-0149673
Property summary
AI-generated overview
This 1,920 square foot mixed-use building in downtown Lovell, Wyoming, presents a lucrative investment opportunity. The property, built in 1950 and situated on an 8,712 square foot lot at 450 Montana Ave, 82431, boasts three apartment units and a commercial space currently operating as a beauty salon. Recent upgrades include a new roof, furnace, hot water heater, paint, flooring, LED lighting, and vanities, along with vinyl siding and handicap accessibility in the salon. Ample off-street parking is available. Two apartments are under one-year leases, one is month-to-month, as is the salon. The seller currently covers all utilities (approximately $275 monthly), and tenants are responsible for snow removal. The prime location offers easy access to main street businesses and provides proximity to the Big Horn Mountains for outdoor recreation, including hiking, ATV riding, fishing, camping, and hunting. Cody, Wyoming, and Yellowstone National Park are within a short driving distance. This property offers significant potential for growth and development.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1950
Total area
1,920 SF
Lot
0.2 ac (8,720 SF)
APN
56961421201166
UPID
US95-0149673
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
Current use
Occupant on record · Public records
-
Legends Beauty Studio Hair Salon
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
Jgl Properties LLC · 4 yrs held
Jgl Properties LLC
since 2022
1 recorded transaction
Zoning & alternative use
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 Lovell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lovell 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 2022Property tax & assessments
Tax year 2022
Tax billed
$661
Tax year 2022
Assessed value
$16,961
Assessed 2023
Previous assessed
$8,529
+98.9% YoY
Effective rate
3.90%
On assessed value
Assessed land
$2,676
Assessed improvement
$14,285
Land market value
$28,164
Improvement market value
$150,374
Total market value
$178,538
Applied tax rate
204.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1950
Heating
FORCED AIR
Stories
2
Units
3
Total area
1,920 SF
Lot
0.2 ac (8,720 SF)
APN
56961421201166
UPID
US95-0149673
Jurisdiction
BIG HORN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1950
Heating
FORCED AIR
Stories
2
Units
3
Lot
0.2 ac
Current owner
From public records · entity-resolved
Jgl Properties LLC
Entity
Free & Clear · 4 yrs held
Mailing address
3308 APPALACHIAN AVE, CODY, WY 82414-8534
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2022
—
Jgl Properties LLC
Lisa Gilbert
Warranty Deed
—
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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