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    6287 Mt Highway 83 Condon, MT 59826

    Sponsored
    For Sale
    $1,100,000

    COMMERCIAL - Condon, MT

    Lot size:
    1.66 Acres
    Days on Market:
    53
    Last Refresh:
    Jan 29 at 8:06 am

    Property Features for 6287 Mt Highway 83

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Sale
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Security features
    Security
    Rooms
    Basement
    APN
    04299220202130000
    Interior features
    OpenFloorplan, VaultedCeilings, WiredForSound
    Exterior features
    PropaneTankLeased
    Lot size
    1.66 Acres

    Utilities

    Utilities
    Propane
    Sewer type
    Septic Tank, Private Sewer
    Heating system
    Other (Heating), Wood, Electric (Heating), Propane (Heating), Baseboard, Wood Stove, Natural Gas

    Building Details

    Year built
    1975
    Building materials
    Log, WoodFrame

    We can help!

    Listing Contact
    Ted Dykstra Jr

    Keller Williams Realty Northwest Montana (406) 752-4700

    Listing agent Ted Dykstra Jr (406) 249-8345 License #RRE-BRO-LIC-10713

    Listing date Dec 8, 2025

    MLS# 30061720

    Copyright © 2026 Montana Regional MLS. 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

    Established Condon Bar and Casino

    This established business opportunity in Condon, Montana, includes a bar, casino, supper club, and event center. It offers catering services, an outdoor patio, mini golf, cornhole, and horseshoes. The business has undergone many updates and improvements. The bar and restaurant provide 4554 square feet of usable, well-appointed space, including a private dining room. An outdoor party tent is available for catered events. Casino gaming machines are located in the bar area. The establishment hosts bingo and karaoke nights and serves prime rib weekly. A 624 square foot cabin is included for owner use or rental income. The business operates for 12 months of the year, serving tourists, travelers, fishermen, hunters, and snowmobilers. The sale includes licenses and future booked events. Inventory is negotiable, and a full FF&E list is available. The property benefits from high visibility, with MTDOT traffic counts of 1975+ vehicles per day. The property is situated on a 1.66-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hotels

    Suggested Use

    Spa & Massage Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Condon
    County
    Missoula
    State
    Montana
    Longitude
    -113.6753996
    Latitude
    47.4778588

    Nearby Similar for Sale

    • $869,000
      10.12 Acres

      Montana Property with Two Log Homes

      Two well-maintained log homes on 10+ acres in Swan Valley.
      690 Swanland Dr, Condon, MT 59826
      View Details

    FAQs

    What type of property is this?
    Hotel - Well-appointed bar, casino, and event center with many updates.
    Where is this hotel located?
    The property is located at 6287 Mt Highway 83 Condon, MT.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: - Established business opportunity: Bar, Casino, Supper Club, Event Center, and Catering with a 12-month operating season.; - Diverse revenue streams including bar, restaurant, casino gaming, outdoor activities, and event catering.; - High traffic location attracts tourists, travelers, fishermen, hunters, and snowmobilers.
    (406) 249-8345
    Request Owner's contact information
    6287 Mt Highway 83 Condon, MT 59826
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    Condon, MT 59826
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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
    6287 Mt Highway 83 Condon, MT 59826
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    We can help!
    Listing Contact
    Ted Dykstra Jr
    Real Estate License ID: RRE-BRO-LIC-10713
    (406) 249-8345
    Learn more
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