Red Lodge Restaurant
For Sale
$749,999
104 Broadway, Red Lodge, MT 59068
Turnkey restaurant in renovated historic building, prime Red Lodge location.
Property Size3,050 SF
Price / SF$245.90
Days on Market139
Property Features for 104 Broadway
General Information
Standard status
Active
Size
3,050 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$3,265
Amenities
Garage: On Street
On Street
Building Details
Year Built
1900
Listing Agency:
Montana Mountain Real Estate
Listed By:
Suzanne Hahn
(406) 446-4744
Source:
Clearwaterproperties
Added: Jun 1
Changed: Oct 16
Last Checked: Oct 16 at 8:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Montana Mountain Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located in the center of Red Lodge, outside of Yellowstone Park, this restaurant property offers a turnkey business opportunity. The property is situated in a newly renovated historic building that was previously used as a bakery for 100 years. The building's history has been preserved. The property size is 3050 square feet.
Key Highlights
- Prime location in the center of Red Lodge, near Yellowstone Park.
- Turnkey restaurant business opportunity.
- Newly renovated historic building.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,316
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$726,320
$726.3K
Cap Rate 7%
$518,800
$518.8K
Cap Rate 9%
$403,511
$403.5K
Market Conditions
NOI Build-Up for 3,050 SF
Gross rent
$49.4K $16.20/SF
− Vacancy
−$988 −$0.32/SF
EGI
$48.4K $15.88/SF
− OpEx
−$12.1K −$3.97/SF
NOI
$36.3K $11.91/SF
Area
Carbon 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 Rate 5%
$726,320
Cap Rate 7%
$518,800
Cap Rate 9%
$403,511
Alternative Uses
Best Use
Specialty Retail
$518.8K
$454.0K – $605.3K
NOI $36,316 @ 7.0% cap · market cap 4.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$665.5K
$582.3K – $776.4K
NOI $46,584 @ 7.0% cap · market cap 6.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
471
Businesses Nearby
19k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 55%
Home Improvements & Furnishings 40%
Dining 5%
Beartooth Iga
Groceries
10,322 visits/mo
0.3 miles
Red Lodge Ace Hardware
Home Improvements & Furnishings
4,763 visits/mo
0.2 miles
Red Lodge Jewelers
Home Improvements & Furnishings
2,672 visits/mo
0.1 miles
China Garden
Dining
890 visits/mo
0.1 miles
Demographics for 59068, MT
3,670
Population
2,967
Households
1.2
Avg Household Size
52
Median Age
47%
College-Educated
99%
High-School Grad
520.9 sq mi
ZIP Area
7
Density / Sq Mi
$63,704
Median Household Income
$33,293
Median Earnings
$795
Median Rent
$413,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Turnkey restaurant in renovated historic building, prime Red Lodge location.
Where is this conventional restaurant located?
The property is located at 104 Broadway Red Lodge, MT.
What is the asking price?
The asking price for this property is $749,999.
What are key features of this property?
This property features: Prime location in the center of Red Lodge, near Yellowstone Park.; Turnkey restaurant business opportunity.; Newly renovated historic building.
