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    Iconic Drive-In Restaurant Opportunity Title is generated by Realmo AI

    4297 US Highway 310, Joliet, MT 59041

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    Claim this Listing
    For Sale
    Under Contract
    $990,000

    COMMERCIAL - Joliet, MT

    Property size:
    576 SF
    Lot size:
    1.12 Acres
    Price / SF:
    $1,718/SF
    Added:
    Apr 25, 2026
    Days on Market:
    40
    Last Refresh:
    Jun 3 at 7:06 pm

    Property Features for 4297 US Highway 310

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking
    12
    Parking features
    Open, Assigned
    Security features
    Security
    Interior features
    Storage, WiredForData
    Appliances
    Refrigerator
    Standard status
    Active Under Contract
    APN
    2300700
    Size
    576 SF
    Lot size
    1.12 Acres

    Taxes and HOA fees

    Tax Description
    S35, T03 S, R23 E, TR 2 AM COS 710 RB S35, T03 S, R23 E, ATM HUT LOCATED ON COS 710 RB
    Tax Annual Amount
    1280

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Forced Air, Electric (Heating)
    Cooling system
    Ductless
    Water source
    Well

    Building Details

    Year built
    1970
    Floors in Building
    1
    Building materials
    Frame, Log, WoodSiding
    Roof type
    Metal
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Debbie Letsinger

    Listing agent Debbie Letsinger License #71454

    Listing office Engel & Voelkers 1027 Shiloh Crossing Blvd., Ste. 7, Billings, MT

    Listing date Apr 25, 2026

    MLS# 355939

    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.

    HighLights

    • Established and iconic Quick Stop Drive In with a strong reputation and customer base.
    • Prime location in Rockvale, MT, capturing travelers.
    • Diverse menu offerings, including burgers, fries, ice cream and milkshakes.
    • All owned equipment included.
    • Multiple revenue streams: food sales, ATM, leased signs and land.
    • Recent roof replacement (2023).

    Overview

    Located in Rockvale, Montana, this commercial property presents an opportunity to continue the legacy of the Quick Stop Drive In. The property is strategically positioned to attract travelers from various directions. The drive-in offers a menu ranging from burgers and fries to custom-made flavored ice cream cones and milkshakes. The sale includes all on-site equipment, with the exception of the Pepsi machine, bulk C02, and POS system. A new roof was installed in 2023. The property includes three outbuildings suitable for storing perishables, with food deliveries occurring three times a week during peak summer months. Additional revenue streams are generated from an owned ATM machine, as well as leased signs and land. Customers can utilize the picnic area located at the rear of the property for gatherings. The property has 576 square feet of space on a 1.12-acre lot. There is potential to extend the operating season to cater to travelers seeking quick meals for takeout or dine-in. The property is located at 4297 US Highway 310, Joliet, MT 59041.
    Property Profile Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Suggested Use

    Restaurant Storage Facility HVAC Service Bar & Pub Grocery & Convenience Store Car Rental Facility (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Joliet
    County
    Carbon
    State
    Montana
    Longitude
    -108.858015
    Latitude
    45.524087

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      Highway Frontage Commercial Property

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    FAQs

    What type of property is this?
    Drive through restaurant - Established drive-in restaurant with high traffic location and equipment included.
    Where is this drive through restaurant located?
    The property is located at 4297 US Highway 310 Joliet, MT.
    What is the asking price?
    The asking price for this property is $990,000.
    What are key features of this property?
    This property features: Established and iconic Quick Stop Drive In with a strong reputation and customer base.; Prime location in Rockvale, MT, capturing travelers.; Diverse menu offerings, including burgers, fries, ice cream and milkshakes.
    (406) 425-0995
    We can help!
    Listing Contact
    Debbie Letsinger
    Real Estate License ID: 71454
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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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