Building Details

Year Built 1979

Listing Agency: Catalyst Commercial r***@catalyst-cre.com Show Phone

Listed By: Ryan Pachek · License #79075

Source: Clearwaterproperties

Added: Jul 21 Changed: Aug 29 Last Checked: Aug 28 at 11:28AM

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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 Catalyst Commercial

Investment Insights

Based on property information with market context.

Ramble Inn Bar is an operating tavern with a rustic interior, wood finishes, a dedicated bar area, gaming machines, and a pool table. Indoor seating is supplemented by a covered patio designed for additional gathering space. The sale includes the real estate, business, furniture, fixtures, equipment, and a Montana all-beverage liquor license with gaming. Built in 1979, the property is located at 13899 Mt Hwy 200 in Sun River, Montana, with frontage along the highway. The offering combines an established bar operation with the physical improvements and operating components needed to continue the existing use.

Key Highlights

• Real estate, business, furniture, fixtures, and equipment included
• Montana all‑beverage liquor license with gaming included
• Covered outdoor patio for additional gathering space

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

$16,456

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

5.31%

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%

$329,120 $329.1K

Cap Rate 7%

$235,086 $235.1K

Cap Rate 9%

$182,844 $182.8K

Market Conditions

NOI Build-Up for 1,208 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

$22.9K $18.96/SF

− Vacancy

−$962 −$0.80/SF

EGI

$21.9K $18.16/SF

− OpEx

−$5.5K −$4.54/SF

NOI

$16.5K $13.62/SF

Area

Cascade County, MT

Vacancy

4.20%

Lease Rate

$18.96 /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%

$329,120

Cap Rate 7%

$235,086

Cap Rate 9%

$182,844

Alternative Uses

Best Use

Specialty Retail

$235.1K

$205.7K – $274.3K (±1% cap)

NOI $16,456 @ 7.0% cap · market cap 5.31%

Second Best

—

—

no second resolved use

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Bars & Pubs

Suggested Use

Top Pick Building Supply Spa & Massage Center Bar & Pub

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

18

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 59483, MT

445

Population

184

Households

2.4

Avg Household Size

45

Median Age

25%

College-Educated

91%

High-School Grad

78.6 sq mi

ZIP Area

6

Density / Sq Mi

$112,656

Median Household Income

$62,500

Median Earnings

$425,000

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Questions? Ask Rey

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What type of property is this? Where is this bars & pubs located? What is the asking price? Find similar properties ... What are key features of this property?

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Similar Off Market Nearby

• Ramble Inn — 13899 MT-200, Sun River, MT 59483

Frequently Asked Questions

What type of property is this?

Bar & Pub - Operating tavern includes furnishings, equipment, gaming machines, and a Montana all-beverage liquor license.

Where is this bar & pub located?

The property is located at 13899 MT Hwy 200 Sun River, MT.

What is the asking price?

The asking price for this property is $310,000.

What are key features of this property?

This property features: Real estate, business, furniture, fixtures, and equipment included; Montana all‑beverage liquor license with gaming included; Covered outdoor patio for additional gathering space