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    511 W Main St Laurel, MT 59044

    • Commercial real estate
    • 9,804 SF
    For Sale
    View listing
    $2,100,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US52-0097237
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 511 W Main St

    Property size
    9,804 SF
    Property type
    Commercial real estate

    Description

    This exceptional investment opportunity presents a thriving, established car wash business in Laurel, Montana, situated on a substantial 24,615 square foot lot encompassing six city lots. The property features two buildings totaling 9,804 square feet, constructed in 1977 and 1978, and boasts a permitted Central Business District zoning. The main structure houses a well-equipped car wash with three bays – one touchless automatic and two manual – complemented by two vacuum stations and a vending machine for cleaning products. All bays feature electronic payment processing. A significant asset is the adjacent approximately 5,400 square foot heated warehouse/shop, previously used for retail, offering versatile potential for owner-occupancy or lease for supplemental income. The buildings are single-story with ceiling heights ranging from 12 to 14 feet. The property enjoys excellent visibility and benefits from newer equipment and systems. The asking price is $2,500,000, translating to $255 per square foot. This turnkey operation offers a solid income stream from the established car wash, with significant upside potential through the flexible use of the existing warehouse space. The property's prime location and substantial lot size make it an attractive investment for both seasoned and aspiring entrepreneurs.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Laurel
    County
    Yellowstone
    State
    Montana
    Longitude
    -108.77833
    Latitude
    45.6685529

    Comparable in this City

    • $2,100,000
      9,804 SF

      Carwash and Warehouse on Large Lots

      Operating carwash and heated warehouse on six city lots.
      511 W Main St, Laurel, MT 59044
      View Details
    • $295,000
      5,400 SF

      Historic Retail Space in Laurel

      2,700 SF open-concept retail space in downtown Laurel.
      111 E Main St, Laurel, MT 59044
      View Details
    • $575,000
      4,100 SF

      Retail Property in Laurel, MT

      Retail property available for sale in Laurel, Montana.
      401 E Main St, Laurel, MT 59044
      View Details
    • $1,585,000
      9,146 SF

      Laurel Multifamily Property For Sale

      16-unit multifamily property with recent renovations and new construction.
      921 E 4Th St, Laurel, MT 59044
      View Details
    • $497,000
      2.96 Acres

      Commercial Land Near Laurel, MT

      2.96-acre commercial lot with high traffic exposure near Laurel.
      2 Clark Stone Bnd, Laurel, MT 59044
      View Details
    • $72,900
      0.21 Acres

      Residential Land in Laurel, MT

      Residential land ready for construction in new Laurel subdivision.
      Block 3, Laurel, MT 59044
      View Details

    Similar Nearby for Sale

    • $2,100,000
      9,804 SF

      Carwash and Warehouse on Large Lots

      Operating carwash and heated warehouse on six city lots.
      511 W Main St, Laurel, MT 59044
      View Details
    • $295,000
      5,400 SF

      Historic Retail Space in Laurel

      2,700 SF open-concept retail space in downtown Laurel.
      111 E Main St, Laurel, MT 59044
      View Details
    • $575,000
      4,100 SF

      Retail Property in Laurel, MT

      Retail property available for sale in Laurel, Montana.
      401 E Main St, Laurel, MT 59044
      View Details
    • $1,585,000
      9,146 SF

      Laurel Multifamily Property For Sale

      16-unit multifamily property with recent renovations and new construction.
      921 E 4Th St, Laurel, MT 59044
      View Details
    • $497,000
      2.96 Acres

      Commercial Land Near Laurel, MT

      2.96-acre commercial lot with high traffic exposure near Laurel.
      2 Clark Stone Bnd, Laurel, MT 59044
      View Details
    • $72,900
      0.21 Acres

      Residential Land in Laurel, MT

      Residential land ready for construction in new Laurel subdivision.
      Block 3, Laurel, MT 59044
      View Details

    Similar Nearby for Lease

    • $45 SF/Yr
      1,869 SF

      Remodeled Restaurant with Drive-Through

      Stand-alone restaurant with drive-through, excellent visibility, and high-traffic location.
      101 S 1St Ave, Laurel, MT 59044
      View Details
    • $6,800 /Mo
      16,522 SF

      Laurel Warehouse with Fenced Yard

      9,250 SF warehouse space with loading dock and parking.
      520 W Main St, Laurel, MT 59044
      View Details
    • $1,000 /Mo

      Land for Lease, Retail Exposure

      1-2 acres of land for lease with highway commercial zoning.
      917 W Main St, Laurel, MT 59044
      View Details
    • $9 SF/Yr
      3,900 SF

      Industrial Space Available for Rent

      Industrial property with 3,900 square feet available for rent.
      709 E Main St, Laurel, MT 59044
      View Details
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    511 W Main St
    Laurel, MT 59044
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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