Bar and Pub with Food
For Sale
$599,900
119 1st Street SW, Park City, MT 59063
COMMERCIAL - Park City, MT
Property Size1,428 SF
Price / SF$420.10
Days on Market244
Property Features for 119 1st Street SW
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Central Business District
Subdivision
Park City Original Townsite
Lot features
Alley
Standard status
Active
APN
10122
Size
1,428 SF
Taxes and HOA fees
Tax Description
PARK CITY ORIGINAL TOWNSITE 016, S29, T02 S, R23 E, BLOCK 96, Lot 10, & E 4 FT LT 11
Tax Annual Amount
3200
Legal Description
PARK CITY ORIGINAL TOWNSITE 016, S29, T02 S, R23 E, BLOCK 96, Lot 10, & E 4 FT LT 11
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Well
Building Details
Year built
1940
Floors in Building
1
Listing Agency:
Beartooth Realty
(406) 850-1934
Listed By:
Leza Vargas · License #RRE-BRO-LIC-71415
(406) 850-1934
Added: Dec 19, 2025
Changed: Aug 4
Last Checked: Aug 20 at 10:06PM
MLS# 356912
Copyright © 2026 Billings Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,428-square-foot bar and pub at 119 1st Street SW in Park City provides an established hospitality setting with gaming, spirits, and local food service. The property was built in 1940 and features central air conditioning, supporting year-round customer operations.
Located just off I-90 in Park City, the property is within Stillwater County and uses well water with public sewer service. A full liquor license is included, adding an important operating component for a bar-focused business.
Located just off I-90 in Park City, the property is within Stillwater County and uses well water with public sewer service. A full liquor license is included, adding an important operating component for a bar-focused business.
Key Highlights
- 1,428 SF bar and pub property
- Full liquor license included
- Gaming, spirits, and local food service
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
$17,003
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
2.83%
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%
$340,060
$340.1K
Cap Rate 7%
$242,900
$242.9K
Cap Rate 9%
$188,922
$188.9K
Market Conditions
NOI Build-Up for 1,428 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
$23.1K $16.20/SF
− Vacancy
−$463 −$0.32/SF
EGI
$22.7K $15.88/SF
− OpEx
−$5.7K −$3.97/SF
NOI
$17.0K $11.91/SF
Area
Stillwater 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 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%
$340,060
Cap Rate 7%
$242,900
Cap Rate 9%
$188,922
Alternative Uses
Best Use
Specialty Retail
$242.9K
$212.5K – $283.4K
NOI $17,003 @ 7.0% cap · market cap 2.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$311.6K
$272.6K – $363.5K
NOI $21,811 @ 7.0% cap · market cap 3.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
62
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 59063, MT
2,174
Population
861
Households
2.5
Avg Household Size
47
Median Age
29%
College-Educated
93%
High-School Grad
61.2 sq mi
ZIP Area
36
Density / Sq Mi
$90,417
Median Household Income
$44,917
Median Earnings
$1,107
Median Rent
$336,800
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Pop's Inn — 117 1st St SW, Park City, MT 59063
- Scotsman Bar And Cafe — 7 1st Ave SE, Park City, MT 59063
Frequently Asked Questions
What type of property is this?
Bar & Pub - Operating bar and pub offering gaming, spirits, and local food service near I-90.
Where is this bar & pub located?
The property is located at 119 1st Street SW Park City, MT.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: 1,428 SF bar and pub property; Full liquor license included; Gaming, spirits, and local food service
