Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5465 Us Highway 93 Florence, MT 59833

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,700,000

    Highway 93 Bar & Casino with Residence

    Property size:
    6,789 SF

    Property Features for 5465 Us Highway 93

    General Information

    Property type
    Other commercial real estate
    Square Feet
    6,789 SF
    Lot Size
    44,431 SF

    Building Details

    Year Built
    1956

    We can help!

    Listing Contact
    Josh Perkins

    Listing Agency: Engel & Völkers Western Frontier - Missoula Listing Agent: Josh Perkins

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional property, located at 5465 US Highway 93 N in Florence, Montana, presents a unique investment opportunity. The Lucky Fox Bar, a well-established local favorite, boasts 6,789 square feet of space on a 1.02-acre lot. Its prime Highway 93 location ensures high visibility and easy access. The main building encompasses a fully operational bar, a casino featuring darts and weekly poker games, and a fully equipped commercial kitchen, all contributing to consistent revenue streams. The bar's established reputation and loyal clientele provide a solid foundation for continued success. Adding to its appeal is a substantial 2,400 square foot attached residential space, complete with four bedrooms and one and a half bathrooms. This residential area offers ideal living quarters for an owner-operator, or presents a lucrative opportunity for additional rental income. The property's ample parking further enhances its appeal to patrons and residents alike. This turnkey business offers a rare chance to acquire a thriving enterprise with significant growth potential in a desirable Montana location. The combination of a successful commercial operation and attached residential space makes this a truly unique and attractive investment. This landmark business is ready for a new owner to capitalize on its established success and further expand its offerings.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Spa & Massage Center Hair Salon Auto Repair Shop Nail Salon Hotel & Motel Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Florence
    County
    Ravalli
    State
    Montana
    Longitude
    -114.0806
    Latitude
    46.63013

    Nearby Similar for Sale

    • $310,000
      2,250 SF

      Shop Space in Bitterroot Valley

      Functional shop space suitable for various business operations and storage.
      Nhn Klements Ln, Florence, MT 59833
      View Details
    • New
      $3,100,000
      20.10 Acres

      Modern Farmhouse on 20 Acres

      Custom home with guest house, shop, and mountain views.
      5608 Trinity Way, Florence, MT 59833
      View Details
    • $1,250,000
      4,288 SF

      Prime Florence Office Building

      Multi-tenant, 4,288 sq ft, 1-acre lot
      289 Rodeo Dr, Florence, MT 59833
      View Details
    • $895,000
      7,056 SF

      Exceptional Equestrian Estate in Florence, MT

      10-Acre Horse Property w/ Arenas & Barn
      5228 Gardner Ln, Florence, MT 59833
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Highway 93 Bar & Casino with Residence
    Where is this commercial real estate located?
    The property is located at 5465 Us Highway 93 Florence, MT.
    What is the asking price?
    The asking price for this property is $1,700,000.
    (406) 926-3322
    Request Owner's contact information
    5465 Us Highway 93 Florence, MT 59833
    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.
    5465 Us Highway 93
    Florence, MT 59833
    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
    5465 Us Highway 93 Florence, MT 59833
    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

    We can help!
    Listing Contact
    Josh Perkins
    (406) 926-3322
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!