4770 King E Ave Billings, MT 59101-4762
Property profile & analytics
4770 King E Ave Billings, MT 59101-4762
- Hotels
- 29,568 SF
- 1.57 lot acres
Property ID
US52-0224436
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.
Location Intelligence
Current Use by Public Records
- My Place Hotel - Billings, MT / Hotel & Motel
Property Details for 4770 King E Ave
- Year built
- 2014
- Construction
- WOOD
- Lot size
- 1.57 lot acres
- Property size
- 29,568 SF
- Property type
- Hotels
- Property subtype
- Motels
- APN
- 03-0927-16-2-81-31-0000
- APU
- 3092716281310000
Description
This 64-key My Place Hotel in Billings, Montana, presents a compelling investment opportunity. Built in 2014, this three-story, 19,768 square foot hotel sits on a 1.57-acre lot (APN: 3-0927-16-2-81-31-0000) and boasts a current occupancy rate of 73%. The property features a current NOI of $779,999 and a pro-forma NOI of $895,728, translating to a current cap rate of 9.51% and a pro-forma cap rate of 10.92%. Located at 4770 King Ave E, Billings, MT 59101, this strategically positioned property along Interstate 90 offers significant growth potential due to its location in Montana's largest city, a vital trade and distribution hub. Conservative projections estimate a stabilized Gross Room Revenue (GRR) of $1,911,866 and a Stabilized Net Operating Income (NOI) of $972,203, reflecting a RevPAR index of 92%. The asking price is $8,200,000 ($414.81/sq ft, $128,125/key). The property is zoned CC. Operational inefficiencies present opportunities for enhanced performance. Billings' thriving commercial center and rich history further enhance the property's appeal. This is a rare chance to acquire a well-located, high-potential hotel in a growing market.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Billings
- County
- Yellowstone
- State
- Montana
- Longitude
- -108.533
- Latitude
- 45.7542
- CBSA code
- 13740
- CBSA name
- BILLINGS, MT METROPOLITAN STATISTICAL AREA
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
2023
$39,281
$0.00
$0.00
$3,143,900
-
$645,442
$2,498,458
$3,143,900
