Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    903 California Ave Libby, MT 59923-1907
    Property profile & analytics

    903 California Ave Libby, MT 59923-1907

    View on Map
    • Drive through restaurants
    • 3,524 SF
    • 0.44 lot acres
    Off-Market
    Last Sale Mar 18, 2025
    Property ID
    US52-0546180
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Pizza Hut / Take-out & Catering

    Property Details for 903 California Ave

    Year built
    1999
    Construction
    WOOD
    Lot size
    0.44 lot acres
    Property size
    3,524 SF
    Property type
    Drive through restaurants
    APN
    56-4175-03-3-19-05-0000
    APU
    56417503319050000

    Description

    This exceptional investment opportunity presents a single-tenant, absolute NNN leased Pizza Hut property located at 903 California Ave, Libby, MT 59923. The 3,756 square foot building, constructed in 1999 and renovated in 2010, sits on a 0.66-acre lot at a signalized hard corner intersection, offering excellent visibility and accessibility. The property boasts a drive-thru, enhancing operational efficiency and customer convenience. The current lease with Pizza Hut has a remaining term of 14.7 years, providing long-term stability and predictable cash flow. The lease includes annual rent bumps of 1.50%, ensuring consistent growth in rental income. The property's strong financial performance is reflected in its current Net Operating Income (NOI) of $80,595, resulting in a compelling 6.75% cap rate. The asking price is $1,194,000, translating to a price per square foot of $317.89. This is a 100% occupied, single-story building offering a secure and lucrative investment opportunity in a desirable location. The property's strategic location and established tenant make it an attractive proposition for investors seeking a stable, high-yield, net-leased asset. The absolute NNN lease structure minimizes landlord responsibilities, further enhancing the investment's appeal.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Libby
    County
    Lincoln
    State
    Montana
    Longitude
    -115.556
    Latitude
    48.388

    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
    $9,729
    $0.00
    $0.00
    $838,600
    -
    $56,470
    $782,130
    $838,600

    Comparable in this City

    • Value Estimation by Request
      2,954 SF

      905 Louisiana Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,954 SF
      905 Louisiana Ave, Libby, MT 59923-2109
      View Details
    • Value Estimation by Request
      1,250 SF

      820 Mineral Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,250 SF
      820 Mineral Ave, Libby, MT 59923-1945
      View Details
    • Value Estimation by Request
      5,192 SF

      30270 Us Hwy 2nd 2

      RESTAURANT • 5,192 SF
      30270 Us Hwy 2nd 2, Libby, MT 59923-3148
      View Details
    • Value Estimation by Request
      5,685 SF

      1111 9th St

      RESTAURANT • 5,685 SF
      1111 9th St, Libby, MT 59923-1637
      View Details
    • Value Estimation by Request
      2,160 SF

      72639 Us Hwy 2nd 2

      BAR, TAVERN • 2,160 SF
      72639 Us Hwy 2nd 2, Libby, MT 59923-7957
      View Details
    • Value Estimation by Request
      1,624 SF

      30890 Us Hwy 2nd 2

      RESTAURANT • 1,624 SF
      30890 Us Hwy 2nd 2, Libby, MT 59923-3135
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Restaurant and Storage Complex For Sale

      Established restaurant and storage unit complex on 1.71 acres.
      1111 W 9Th St, Libby, MT 59923
      View Details
    • $565,000
      7,200 SF

      Downtown Libby Retail Space Available

      7,200 sq ft commercial building in downtown Libby, Montana.
      520 Mineral Ave, Libby, MT 59923
      View Details
    • $749,000
      8,100 SF

      Prime Libby RV Park & Storage

      Montana RV Park with Storage Units
      11749 Mt Highway 37, Libby, MT 59923
      View Details
    • $1,024,000
      640.00 Acres

      Expansive Recreational Land in Libby, MT

      640 acres of recreational land near Libby, Montana.
      Section 5 Nhn Mcginnis Mdws - Bayhorse Rd, Libby, MT 59923
      View Details
    • $649,000
      64.80 Acres

      Mountain Land Overlooking Koocanusa Reservoir

      Secluded 64.80-acre parcel bordering USFS near Koocanusa Reservoir.
      Nhn Hwy 37, Libby, MT 59923
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    903 California Ave
    Libby, MT 59923-1907
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    903 California Ave, Libby, MT, 59923
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!