Casino With Event
For Sale
$329,000
108 S Main Street, Bridger, MT 59014
Commercially zoned casino with gaming machines, private event space, office, storage, and rear loading access.
Property Size3,024 SF
Days on Market164
Property Features for 108 S Main Street
General Information
Standard status
Active
Size
3,024 SF
Total Parking Spaces
12
Property subtype
Commercial
Zoning
General Commercial
Additional Details
Business Included
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$3,353
Amenities
conference/event room
office
storage area
Building Details
Building Size
3,024 SF
Year Built
1950
Buildings
1
Stories
1
Listing Agency:
H BAR S Real Estate
(406) 426-0046
Listed By:
Denine Hritz · License #RRE-RBS-LIC-16776
(406) 426-0046
Source:
Pinnacleproperty
Added: Mar 10
Changed: Aug 16
Last Checked: Aug 19 at 2:21PM
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 H BAR S Real Estate
Investment Insights
Based on property information with market context.
This casino property includes 20 leased gaming machines, a private conference and event room, office space, and storage with rear access for loading. Building improvements completed within the last 6 years include air conditioning, a front awning, Hardy board siding, a water heater, and most of the roof. The property was built in 1950 and is zoned General Commercial.
Situated on the main thoroughfare through Bridger, the property serves local and tourist traffic traveling toward the Pryor Mountain Wild Mustangs, Yellowstone National Park, and Cody, WY. On-site parking accommodates approximately 12 cars, with additional street parking available. A beer and wine license is included in the sale subject to buyer qualification with the State. An adjoining restaurant is also available separately or together with this property.
Situated on the main thoroughfare through Bridger, the property serves local and tourist traffic traveling toward the Pryor Mountain Wild Mustangs, Yellowstone National Park, and Cody, WY. On-site parking accommodates approximately 12 cars, with additional street parking available. A beer and wine license is included in the sale subject to buyer qualification with the State. An adjoining restaurant is also available separately or together with this property.
Key Highlights
- 20 leased gaming machines already in place
- Private conference and event room
- Air conditioning, front awning, Hardy board siding, water heater, and most of the roof improved within the last 6 years
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,753
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.92%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$455,060
$455.1K
Cap Rate 7%
$325,043
$325.0K
Cap Rate 9%
$252,811
$252.8K
Market Conditions
NOI Build-Up for 3,024 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$54.4K $18.00/SF
− Vacancy
−$6.5K −$2.16/SF
EGI
$47.9K $15.84/SF
− OpEx
−$25.1K −$8.32/SF
NOI
$22.8K $7.52/SF
Area
Carbon County, MT
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$455,060
Cap Rate 7%
$325,043
Cap Rate 9%
$252,811
Alternative Uses
Best Use
Hotel Hospitality
$325.0K
$284.4K – $379.2K
NOI $22,753 @ 7.0% cap · market cap 6.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$659.8K
$577.3K – $769.8K
NOI $46,187 @ 7.0% cap · market cap 14.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
109
Businesses Nearby
Explore this area
Business Placement
Demographics for 59014, MT
1,483
Population
715
Households
2.1
Avg Household Size
51
Median Age
16%
College-Educated
96%
High-School Grad
759.0 sq mi
ZIP Area
2
Density / Sq Mi
$48,958
Median Household Income
$24,978
Median Earnings
$775
Median Rent
$262,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Casino - Commercially zoned casino with gaming machines, private event space, office, storage, and rear loading access.
Where is this casino located?
The property is located at 108 S Main Street Bridger, MT.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: 20 leased gaming machines already in place; Private conference and event room; Air conditioning, front awning, Hardy board siding, water heater, and most of the roof improved within the last 6 years
