Listing Agency: Venture West Realty c***@venturewestrealty.com Show Phone

Listed By: Scott Thompson · License #BRO-94797 Show Phone

Source: Exprealty

Added: Feb 6 Changed: Oct 16 Last Checked: Oct 19 at 9:19AM

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Investment Insights

Based on property information with market context.

A 1,864-square-foot restaurant building offered for sale with building and equipment included. The layout supports food service operations and includes a drive-through window, an inviting dining room, and a fully equipped kitchen with a prep area, along with ample cold storage. The property has undergone multiple upgrades and is currently occupied by La Sirena, a Mexican restaurant.

Located at 501 S Excelsior Ave in Uptown Butte, the property is described as being just minutes from Montana Tech and St. James Hospital, supporting convenient day-to-day access.

Designed for efficient service flow, the building can be suited for an owner-operator concept or a new food-focused tenant looking for a turn-key setup with in-place restaurant infrastructure.

Key Highlights

• 1,864 SF restaurant building in Uptown Butte, currently occupied by La Sirena
• Drive‑through window for quick service and customer access
• Dining room plus fully equipped kitchen and prep area designed for food service

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$22,899

Cap Rate

4.63%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$457,980 $458.0K

Cap Rate 7%

$327,129 $327.1K

Cap Rate 9%

$254,433 $254.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,864 SF

Gross rent

$31.3K $16.80/SF

− Vacancy

−$783 −$0.42/SF

EGI

$30.5K $16.38/SF

− OpEx

−$7.6K −$4.10/SF

NOI

$22.9K $12.29/SF

Area

Silver Bow County, MT

Vacancy

2.50%

Lease Rate

$16.80 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$457,980

Cap Rate 7%

$327,129

Cap Rate 9%

$254,433

Alternative Uses

Best Use

Specialty Retail

$327.1K

$286.2K – $381.7K (±1% cap)

NOI $22,899 @ 7.0% cap · market cap 4.63%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$406.2K

$355.5K – $474.0K (±1% cap)

NOI $28,437 @ 7.0% cap · market cap 5.74%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

La Sirena Drive ... Restaurant La Sirena Tacos Restaurant La Serina Restaurant

Suggested Use

Top Pick Auto Parts Store HVAC Service (Bike/Boat/Book/etc) Store Storage Facility Carpet & Flooring Store Veterinary Clinic

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

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

693

Businesses Nearby

Explore this area Business Placement

Demographics for 59701, MT

33,937

Population

16,834

Households

2

Avg Household Size

42

Median Age

27%

College-Educated

94%

High-School Grad

509.7 sq mi

ZIP Area

67

Density / Sq Mi

$56,799

Median Household Income

$34,793

Median Earnings

$811

Median Rent

$219,200

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

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Frequently Asked Questions

What type of property is this?

Drive through restaurant - Restaurant building with drive-through window, dining room, fully equipped kitchen, and cold storage.

Where is this drive through restaurant located?

The property is located at 501 S Excelsior Ave Butte, MT.

What is the asking price?

The asking price for this property is $495,000.

What are key features of this property?

This property features: 1,864 SF restaurant building in Uptown Butte, currently occupied by La Sirena; Drive‑through window for quick service and customer access; Dining room plus fully equipped kitchen and prep area designed for food service