Equipped Restaurant with
New
For Sale
$2,500,000
2250 11th Avenue, Helena, MT 59601
Operating hospitality property with a commercial kitchen, dining area, bar, furnishings, equipment, liquor licensing, and gaming.
Property Size6,850 SF
Price / SF$364.96
Days on Market2
Property Features for 2250 11th Avenue
General Information
Standard status
Active
Size
6,850 SF
Restaurant
Equipment Included
Yes
Liquor License
Yes
Additional Details
Furnished
Yes
Business Included
Yes
Building Details
Building Size
6,850 SF
Year Built
1986
Listing Agency:
PureWest Real Estate - Helena, Daniel Miller of PureWest Real Estate - Kalispell
Listed By:
Jake Doubek
(406) 465-5506
Source:
Purewestrealestate
Added: Sep 4
Last Checked: Sep 4 at 2:55PM
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 PureWest Real Estate - Helena, Daniel Miller of PureWest Real Estate - Kalispell
Investment Insights
Based on property information with market context.
This 6850-square-foot restaurant property combines real estate with an operating food-and-beverage business. Built in 1986, the facility includes a commercial kitchen, dining space, bar areas, furniture, fixtures, and equipment. The sale also includes two lots and a Montana All-Beverages Liquor License with Catering Endorsement, along with gaming components.
Located at 2250 11th Avenue in Helena, Montana, the property provides an existing hospitality setup that can continue under its current concept or be adapted to a different restaurant operation. The offering brings together the building, operating business, furnishings, equipment, licensing, and gaming elements in one asset.
Located at 2250 11th Avenue in Helena, Montana, the property provides an existing hospitality setup that can continue under its current concept or be adapted to a different restaurant operation. The offering brings together the building, operating business, furnishings, equipment, licensing, and gaming elements in one asset.
Key Highlights
- 6850‑square‑foot restaurant property at 2250 11th Avenue, Helena, Montana
- Two‑lot configuration included with the property
- Montana All‑Beverages Liquor License with Catering Endorsement
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
$89,701
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
3.59%
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%
$1,794,020
$1.8M
Cap Rate 7%
$1,281,443
$1.3M
Cap Rate 9%
$996,678
$996.7K
Market Conditions
NOI Build-Up for 6,850 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
$123.3K $18.00/SF
− Vacancy
−$3.7K −$0.54/SF
EGI
$119.6K $17.46/SF
− OpEx
−$29.9K −$4.37/SF
NOI
$89.7K $13.10/SF
Area
Lewis and Clark County, MT
Vacancy
3.00%
Lease Rate
$18.00 /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%
$1,794,020
Cap Rate 7%
$1,281,443
Cap Rate 9%
$996,678
Alternative Uses
Best Use
Specialty Retail
$1.28M
$1.12M – $1.50M
NOI $89,701 @ 7.0% cap · market cap 3.59%
Second Best
Industrial
$573.3K
$501.7K – $668.9K
NOI $40,134 @ 7.0% cap · market cap 1.61%
Theoretical Best
Office A
$1.49M
$1.30M – $1.74M
NOI $104,164 @ 7.0% cap · market cap 4.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
855
Businesses Nearby
72k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 66%
Groceries 22%
Hotels & Casinos 12%
McDonald's
Dining
26,078 visits/mo
0.2 miles
Wendy's
Dining
21,039 visits/mo
0.3 miles
Albertsons
Groceries
15,617 visits/mo
0.3 miles
Baymont By Wyndham Helena
Hotels & Casinos
2,101 visits/mo
0.2 miles
Best Western Helena/Capitol Hotel
Hotels & Casinos
1,434 visits/mo
0.4 miles
Demographics for 59601, MT
30,848
Population
15,937
Households
1.9
Avg Household Size
41
Median Age
51%
College-Educated
96%
High-School Grad
130.2 sq mi
ZIP Area
237
Density / Sq Mi
$70,502
Median Household Income
$44,000
Median Earnings
$1,023
Median Rent
$355,000
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 - Operating hospitality property with a commercial kitchen, dining area, bar, furnishings, equipment, liquor licensing, and gaming.
Where is this conventional restaurant located?
The property is located at 2250 11th Avenue Helena, MT.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 6850‑square‑foot restaurant property at 2250 11th Avenue, Helena, Montana; Two‑lot configuration included with the property; Montana All‑Beverages Liquor License with Catering Endorsement
