Bar and Pub with Gaming
For Sale
$3,250,000
4960 N Montana Avenue, Helena, MT 59602
Established bar operation with event amenities, food-service infrastructure, and included furniture, fixtures, and equipment.
Property Size8,494 SF
Price / SF$382.62
Days on Market19
Property Features for 4960 N Montana Avenue
General Information
Standard status
Active
Size
8,494 SF
Restaurant
Patio
Yes
Equipment Included
Yes
Liquor License
Yes
Additional Details
Furnished
Yes
Business Included
Yes
Listing Agency:
Blackjack Realty, LLC
(406) 594-0610
Listed By:
Larry Brown · License #RRE-BRO-LIC-25322
(406) 594-0610
Source:
Montanarootsrealty
Added: Aug 10
Changed: Aug 28
Last Checked: Aug 28 at 12:59PM
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, LLC
Investment Insights
Based on property information with market context.
The Valley Hub is a 8,494-square-foot bar and pub property at 4960 N Montana Ave in Helena. Built in 1970, the operation includes full liquor and gaming licenses, a full-service kitchen, bar-food service, and a walk-in cooler. Furniture, fixtures, equipment, and an ATM machine are included in the sale; gaming machines are leased.
The property also features an outdoor venue with a bar designed for bands and large gatherings. Existing programming includes pool and dart tournaments, while the outdoor area accommodates horseshoe tournaments. The combination of indoor food-and-beverage facilities, licensed gaming, and outdoor event space provides a defined operating setup for a bar-focused business.
The property also features an outdoor venue with a bar designed for bands and large gatherings. Existing programming includes pool and dart tournaments, while the outdoor area accommodates horseshoe tournaments. The combination of indoor food-and-beverage facilities, licensed gaming, and outdoor event space provides a defined operating setup for a bar-focused business.
Key Highlights
- 8,494‑square‑foot bar and pub property at 4960 N Montana Ave, Helena, MT
- Full liquor and gaming licenses included
- Full‑service kitchen with bar‑food service and walk‑in cooler
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
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
89
Businesses Nearby
10k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Exxon
Shops & Services
9,981 visits/mo
0.0 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 - Established bar operation with event amenities, food-service infrastructure, and included furniture, fixtures, and equipment.
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: 8,494‑square‑foot bar and pub property at 4960 N Montana Ave, Helena, MT; Full liquor and gaming licenses included; Full‑service kitchen with bar‑food service and walk‑in cooler
