Turn-Key Restaurant with
For Sale
Contact for pricing
Pending
1430 Country Manor Blvd, Billings, MT 59102
Turn-key restaurant space of approximately 1,664 square feet with an added patio and a fully equipped kitchen.
Property Size1,664 SF
Days on Market504
Property Features for 1430 Country Manor Blvd
General Information
Standard status
Pending
Size
1,664 SF
Property subtype
RETAIL
Additional Details
Furnished
Yes
Business Included
Yes
Liquor License
Yes
Amenities
patio
Listing Agency:
NAI Business Properties
(406) 671-8257
Listed By:
Tyler Samson · License #RRE-RBS-LIC-25433
(406) 671-8257
Source:
Moodyscre
Added: Mar 25, 2025
Changed: Jul 27
Last Checked: Aug 10 at 11:17AM
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 NAI Business Properties
Investment Insights
Based on property information with market context.
A well-established Billings restaurant is offered for sale with a turn-key setup, including FF&E and a leasehold interest. The space is approximately 1,664 square feet and features Class A finishes, an open kitchen layout, and a patio addition.
The sale also includes a restaurant beer & wine license. The business is presented as having operated for 8-plus years.
For additional details, interested parties are directed to contact the sales agent, with information provided after a signed NDA.
The sale also includes a restaurant beer & wine license. The business is presented as having operated for 8-plus years.
For additional details, interested parties are directed to contact the sales agent, with information provided after a signed NDA.
Key Highlights
- Well‑established Billings restaurant on the west end, offered as a turn‑key business with 8+ years of operation
- Restaurant space is approximately 1,664 SF with a patio addition and class A finishes
- Includes a fully equipped kitchen with high‑end appliances and an open layout
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
$19,813
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
8.81%
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%
$396,260
$396.3K
Cap Rate 7%
$283,043
$283.0K
Cap Rate 9%
$220,144
$220.1K
Market Conditions
NOI Build-Up for 1,664 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
$27.0K $16.20/SF
− Vacancy
−$539 −$0.32/SF
EGI
$26.4K $15.88/SF
− OpEx
−$6.6K −$3.97/SF
NOI
$19.8K $11.91/SF
Area
Billings, 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%
$396,260
Cap Rate 7%
$283,043
Cap Rate 9%
$220,144
Alternative Uses
Best Use
Specialty Retail
$283.0K
$247.7K – $330.2K
NOI $19,813 @ 7.0% cap · market cap 8.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$363.1K
$317.7K – $423.6K
NOI $25,415 @ 7.0% cap · market cap 11.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
336
Businesses Nearby
86k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 56%
Shops & Services 44%
Wendy's
Dining
20,272 visits/mo
0.2 miles
Pizza Hut
Dining
19,811 visits/mo
0.3 miles
Holiday Station Store
Shops & Services
19,271 visits/mo
0.2 miles
Exxon
Shops & Services
9,767 visits/mo
0.1 miles
Town Pump
Shops & Services
8,647 visits/mo
0.1 miles
Demographics for 59102, MT
48,133
Population
22,706
Households
2.1
Avg Household Size
41
Median Age
43%
College-Educated
97%
High-School Grad
15.0 sq mi
ZIP Area
3,209
Density / Sq Mi
$75,140
Median Household Income
$43,203
Median Earnings
$1,148
Median Rent
$307,400
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Turn-key restaurant space of approximately 1,664 square feet with an added patio and a fully equipped kitchen.
Where is this conventional restaurant located?
The property is located at 1430 Country Manor Blvd Billings, MT.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Well‑established Billings restaurant on the west end, offered as a turn‑key business with 8+ years of operation; Restaurant space is approximately 1,664 SF with a patio addition and class A finishes; Includes a fully equipped kitchen with high‑end appliances and an open layout
