Bar and Pub with Outdoor
New
For Sale
$3,250,000
4960 N Montana Avenue, Helena, MT 59602
Operating bar with full-service kitchen, walk-in cooler, and liquor and gaming licenses.
Property Size8,494 SF
Days on Market6
Property Features for 4960 N Montana Avenue
General Information
Standard status
Active
Size
8,494 SF
Restaurant
Equipment Included
Yes
Liquor License
Yes
Additional Details
Furnished
Yes
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$11,277
Building Details
Building Size
8,494 SF
Year Built
1970
Listing Agency:
BlackJack Realty
(406) 594-0610
Listed By:
Larry Marvin Brown · License #RRE-BRO-LIC25322
(406) 594-0610
Source:
Montanapropertyangels
Added: Aug 5
Changed: Aug 9
Last Checked: Aug 9 at 11:57AM
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 BlackJack Realty
Investment Insights
Based on property information with market context.
The Valley Hub is an operating bar business established in 1970, with a full-service kitchen, bar food menu, and walk-in cooler. The sale includes furniture, fixtures, equipment, and an ATM machine; the owner's personal property is excluded. Gaming machines are leased.
The property also features an outdoor bar and event area used for bands, larger gatherings, pool tournaments, dart tournaments, and horseshoe tournaments. Full liquor and gaming licenses are included, supporting the existing bar operation and its range of customer activities.
The property also features an outdoor bar and event area used for bands, larger gatherings, pool tournaments, dart tournaments, and horseshoe tournaments. Full liquor and gaming licenses are included, supporting the existing bar operation and its range of customer activities.
Key Highlights
- Full liquor and gaming licenses included
- Outdoor bar and event area for bands and larger gatherings
- Full‑service kitchen with bar food menu
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
$111,229
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
3.42%
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%
$2,224,580
$2.2M
Cap Rate 7%
$1,588,986
$1.6M
Cap Rate 9%
$1,235,878
$1.2M
Market Conditions
NOI Build-Up for 8,494 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
$152.9K $18.00/SF
− Vacancy
−$4.6K −$0.54/SF
EGI
$148.3K $17.46/SF
− OpEx
−$37.1K −$4.37/SF
NOI
$111.2K $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%
$2,224,580
Cap Rate 7%
$1,588,986
Cap Rate 9%
$1,235,878
Alternative Uses
Best Use
Specialty Retail
$1.59M
$1.39M – $1.85M
NOI $111,229 @ 7.0% cap · market cap 3.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.85M
$1.61M – $2.15M
NOI $129,163 @ 7.0% cap · market cap 3.97%
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
347
Businesses Nearby
159k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 42%
Apparel 32%
Shops & Services 21%
Electronics 3%
Target
Superstores
66,005 visits/mo
0.4 miles
Ross Dress for Less
Apparel
19,998 visits/mo
0.5 miles
Bob Ward's Sports & Outdoors
Apparel
12,717 visits/mo
0.4 miles
PetSmart
Shops & Services
11,613 visits/mo
0.3 miles
Petco
Shops & Services
10,123 visits/mo
0.5 miles
Demographics for 59602, MT
29,390
Population
12,091
Households
2.4
Avg Household Size
42
Median Age
39%
College-Educated
94%
High-School Grad
524.3 sq mi
ZIP Area
56
Density / Sq Mi
$87,841
Median Household Income
$49,580
Median Earnings
$1,291
Median Rent
$369,800
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
- Valley Hub — 4960 N Montana Ave, Helena, MT 59602
Frequently Asked Questions
What type of property is this?
Bar & Pub - Operating bar with full-service kitchen, walk-in cooler, and liquor and gaming licenses.
Where is this bar & pub located?
The property is located at 4960 N Montana Avenue Helena, MT.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Full liquor and gaming licenses included; Outdoor bar and event area for bands and larger gatherings; Full‑service kitchen with bar food menu
