6287 Mt Hwy 83, Condon, MT 59826

Listing Agency: EXIT Realty Missoula e***@exitrealtymsla.com Show Phone

Listed By: Joel Thompson · License #RRE-BRO-LIC-62601 Show Phone

Source: Exprealty

Added: Oct 23 Changed: Oct 30 Last Checked: Nov 6 at 11:37AM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

The Hungry Bear Bar and Grill is a hospitality property in Condon, Montana, with a full-service bar and operations equipped to serve patrons. Its use combines bar and grill service in a community gathering setting.

The property is located on Highway 83 in the Swan Valley. The corridor connects travelers moving between Missoula, Glacier National Park, and the Bob Marshall Wilderness, and the surrounding area includes the Mission and Swan mountain ranges.

Key Highlights

• Bar and grill property operating as The Hungry Bear Bar and Grill
• Full‑service bar with equipment for hospitality operations
• Located on Highway 83 in Condon, Montana

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$104,505

Cap Rate

8.13%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,090,100 $2.1M

Cap Rate 7%

$1,492,929 $1.5M

Cap Rate 9%

$1,161,167 $1.2M

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,178 SF

Gross rent

$142.9K $27.60/SF

− Vacancy

−$3.6K −$0.69/SF

EGI

$139.3K $26.91/SF

− OpEx

−$34.8K −$6.73/SF

NOI

$104.5K $20.18/SF

Area

Missoula County, MT

Vacancy

2.50%

Lease Rate

$27.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,090,100

Cap Rate 7%

$1,492,929

Cap Rate 9%

$1,161,167

Alternative Uses

Best Use

Specialty Retail

$1.49M

$1.31M – $1.74M (±1% cap)

NOI $104,505 @ 7.0% cap · market cap 8.13%

Second Best

—

—

no second resolved use

Theoretical Best

—

—

same as Best Use

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Bars & Pubs

Suggested Use

Top Pick Spa & Massage Center Hotel & Motel

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

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

5

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 59826, MT

497

Population

535

Households

0.9

Avg Household Size

60

Median Age

41%

College-Educated

99%

High-School Grad

381.9 sq mi

ZIP Area

1

Density / Sq Mi

$61,364

Median Household Income

$27,500

Median Earnings

$933

Median Rent

$491,900

Median Home Value

Market

Average Price Trend$/SF for Bars & Pubs in Missoula County, MT

$301 Jul

$372 Aug

$256 Sep

$307 Oct

Properties on Market for Bars & Pubs in Missoula County

Jul

Aug

Sep

Oct

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Frequently Asked Questions

What type of property is this?

Bar & Pub - A full-service bar operation serves patrons along the Highway 83 corridor in Condon.

Where is this bar & pub located?

The property is located at 6287 Mt Hwy 83 Condon, MT.

What is the asking price?

The asking price for this property is $1,285,000.

What are key features of this property?

This property features: Bar and grill property operating as The Hungry Bear Bar and Grill; Full‑service bar with equipment for hospitality operations; Located on Highway 83 in Condon, Montana