Building Details

Year built 1940

Floors in Building 1

Listing Agency: Beartooth Realty Show Phone

Listed By: Leza Vargas · License #RRE-BRO-LIC-71415 Show Phone

Added: Dec 19, 2025 Changed: Sep 5 Last Checked: Sep 15 at 3:06AM

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MLS# 356912

Copyright © 2026 Billings Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This Park City bar and pub property contains 1,428 square feet and dates to 1940. Central air provides cooling, while the site is served by a private well and public sewer.

The property is positioned just off I-90 in Park City, Montana, within Stillwater County. The source information identifies gaming, spirits, and local food among the existing business offerings, along with a full liquor license opportunity.

Key Highlights

• 1,428 SF bar and pub property
• Built in 1940
• Located just off I‑90 in Park City

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$17,003

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

2.83%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$340,060 $340.1K

Cap Rate 7%

$242,900 $242.9K

Cap Rate 9%

$188,922 $188.9K

Market Conditions

NOI Build-Up for 1,428 SF Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent. EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs. OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements. NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.

Gross rent

$23.1K $16.20/SF

− Vacancy

−$463 −$0.32/SF

EGI

$22.7K $15.88/SF

− OpEx

−$5.7K −$3.97/SF

NOI

$17.0K $11.91/SF

Area

Stillwater County, MT

Vacancy

2.00%

Lease Rate

$16.20 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$340,060

Cap Rate 7%

$242,900

Cap Rate 9%

$188,922

Alternative Uses

Best Use

Specialty Retail

$242.9K

$212.5K – $283.4K (±1% cap)

NOI $17,003 @ 7.0% cap · market cap 2.83%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$311.6K

$272.6K – $363.5K (±1% cap)

NOI $21,811 @ 7.0% cap · market cap 3.64%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Bars & Pubs

Suggested Use

Top Pick Plumbing Service Building Supply Grocery & Convenience Store Storage Facility Law Firm Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

62

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 59063, MT

2,174

Population

861

Households

2.5

Avg Household Size

47

Median Age

29%

College-Educated

93%

High-School Grad

61.2 sq mi

ZIP Area

36

Density / Sq Mi

$90,417

Median Household Income

$44,917

Median Earnings

$1,107

Median Rent

$336,800

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this bars & pubs located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Bar & Pub with Liquor License

119 1st St SW, Park City, MT 59063

$599,900

1,428 SF

View details

24-Unit Self-Storage Facility

S Clark Street, Park City, MT 59063

$400,000

4,000 SF

View details

Park City Convenience Store

1 N Clark St, Park City, MT 59063

$174,000

View details

Similar Off Market Nearby

• Scotsman Bar And Cafe — 7 1st Ave SE, Park City, MT 59063
• Pop's Inn — 117 1st St SW, Park City, MT 59063

Frequently Asked Questions

What type of property is this?

Bar & Pub - Commercial bar and pub property near I-90 with central air and established utility service.

Where is this bar & pub located?

The property is located at 119 1st Street SW Park City, MT.

What is the asking price?

The asking price for this property is $599,900.

What are key features of this property?

This property features: 1,428 SF bar and pub property; Built in 1940; Located just off I‑90 in Park City