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    Shelby Restaurant Opportunity Title is generated by Realmo AI

    730 Granite Avenue, Shelby, MT 59474

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    For Sale
    $95,000

    Restaurant building with equipment in Shelby, Montana.

    Type:Commercial/Industrial
    Property size:
    1,456 SF
    Lot size:
    0.14 Acres
    Price / SF:
    $65/SF
    Added:
    Oct 4, 2024
    Days on Market:
    596
    Last Refresh:
    May 20 at 1:06 am

    Property Features for 730 Granite Avenue

    General Information

    Standard status
    Active
    Size
    1,456 SF
    Lot size
    0.14 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1930

    We can help!

    Listing Contact
    Kaitlyn Lyders

    Listing agent Kaitlyn Lyders License #RRE-RBS-LIC-88527

    Listing office Corder and Associates LLC

    Listing date Oct 4, 2024

    Source Exitrealty

    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 Corder and Associates LLC

    HighLights

    • Includes all inventory needed to start a catering/food service business
    • Partially upgraded plumbing and electrical systems
    • New furnace installed
    • Located at the intersection of I‑15 and Highway 2, providing excellent access
    • Ample storage space available in the basement and beyond
    • Partly fenced yard with mature, shady trees

    Overview

    This property in Shelby, Montana, offers an opportunity to establish or expand a catering and food service business. The building features a new furnace, partially upgraded plumbing and electrical systems, and includes existing inventory. The property provides ample storage space in the basement and additional storage areas. A partly fenced yard with mature trees is also included. Shelby is located in north-central Montana and serves as the county seat of Toole County. Situated 30 miles south of the Canadian border and 80 miles east of Glacier National Park, it is at the intersection of Interstate I-15 and Highway 2, providing access to various destinations. The Burlington Northern/Santa Fe railway passes through, connecting Chicago to Seattle. The area, originally a cattle town, is now centered around agriculture and oil. Local attractions include the Carousel Rest Area and the Marias Valley Golf and Country Club. The property size is 1456 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Shelby
    County
    Toole
    State
    Montana
    Longitude
    -111.8528251
    Latitude
    48.5113929

    Nearby Similar for Sale

    • $400,000
      4,670 SF

      Turn-Key Restaurant and Lounge

      Profitable restaurant, lounge, and beauty shop on Main Street.
      239 Main Street, Shelby, MT 59474
      View Details
    • $400,000

      Turn-Key Restaurant and Lounge

      Restaurant, lounge, and beauty shop on Main Street in Shelby.
      239 Main Street, Shelby, MT 59474
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Restaurant building with equipment in Shelby, Montana.
    Where is this conventional restaurant located?
    The property is located at 730 Granite Avenue Shelby, MT.
    What is the asking price?
    The asking price for this property is $95,000.
    What are key features of this property?
    This property features: Includes all inventory needed to start a catering/food service business; Partially upgraded plumbing and electrical systems; New furnace installed
    (406) 570-3256
    We can help!
    Listing Contact
    Kaitlyn Lyders
    Real Estate License ID: RRE-RBS-LIC-88527
    Learn More
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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
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