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    The Largest CRE Database in the US with Over 1 Million Listings

    4297 Us Highway 310 Joliet, MT 59041

    Sponsored
    For Sale
    $990,000

    Commercial Sale, Other - Joliet, MT

    Type:Business
    Property size:
    576 SF
    Lot size:
    1.12 Acres
    Days on Market:
    117
    Last Refresh:
    Jan 29 at 7:06 am

    Property Features for 4297 Us Highway 310

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Standard status
    Active
    Zoning
    Other
    APN
    2300700
    Parking
    12
    Parking features
    Assigned, Open
    Interior features
    Storage, Wired for Data
    Appliances
    Refrigerator
    Size
    576 SF
    Lot size
    1.12 Acres

    Utilities

    Heating system
    Electric (Heating), Forced Air
    Cooling system
    Ductless

    Building Details

    Year built
    1970
    Floors in Building
    1
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Debbie Letsinger

    Engel & Völkers Billings (406) 206-0192

    Listing agent Debbie Letsinger (406) 206-0192

    Listing date Oct 5, 2025

    MLS# 355939 Listing URL

    Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Iconic Drive-In Restaurant Opportunity

    This is an opportunity to continue the legacy of the Quick Stop Drive In, located in Rockvale, MT. 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 business includes all owned equipment, with the exception of the Pepsi machine, bulk C02, and POS system. The roof was replaced in 2023. There are three outbuildings available for storing perishables, with food deliveries occurring three times a week during the peak summer season. Additional revenue streams come from an owned ATM machine, as well as leased signs and land. Customers can use the picnic area at the rear of the property for celebrations. There is potential to extend the operating season to serve travelers seeking quick meals for takeout or dine-in options for more months of the year. The property size is 576 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Suggested Use

    Restaurant Storage Facility HVAC Service Bar & Pub Convenience Store Car Rental Smoke and Vape Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Joliet
    County
    Carbon
    State
    Montana
    Longitude
    -108.854892
    Latitude
    45.525575

    Nearby Similar for Sale

    • $990,000
      576 SF

      Iconic Drive-In Restaurant Opportunity

      Established drive-in restaurant with high traffic location and equipment included.
      4297 Us Highway 310, Joliet, MT 59041
      View Details
    • $450,000
      1,536 SF

      Commercial Building on Half-Acre Lot

      Commercial building on a spacious lot off HWY 212 in Joliet.
      604 W Front St, Joliet, MT 59041
      View Details

    FAQs

    What type of property is this?
    Drive through restaurant - Established drive-in restaurant with equipment, outbuildings, and revenue streams.
    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 business opportunity in Rockvale, MT with high visibility to travelers.; - Fully equipped and operational with owned equipment (excluding Pepsi machine, C02, and POS).; - Multiple revenue streams including food sales, ATM, and leased signs/land.
    (406) 425-0995
    Request Owner's contact information
    4297 Us Highway 310 Joliet, MT 59041
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    Joliet, MT 59041
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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
    4297 Us Highway 310 Joliet, MT 59041
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    We can help!
    Listing Contact
    Debbie Letsinger
    Real Estate License ID: 71454
    (406) 425-0995
    Learn more
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