Building Details

Year built 1975

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

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

Added: Oct 23 Last Checked: Oct 23 at 11:06PM

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MLS# 30080176

Copyright © 2026 Montana Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

Hungry Bear Bar and Grill is a hospitality property with a full-service bar. The 5,178-square-foot building, constructed in 1975, sits on 1.66 acres at 6287 MT Hwy 83 in Condon, Montana.

The property fronts Highway 83, a regional route connecting travel between Missoula, Glacier National Park, and the Bob Marshall Wilderness. The Mission and Swan Mountain ranges are identified in the surrounding area.

Key Highlights

• 5,178‑square‑foot building on 1.66 acres
• Full‑service bar operation
• Located at 6287 MT Hwy 83 in Condon

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

Contact the owner directly Get the owner's phone numbers and email

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

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

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 anchors this hospitality property on a 1.66-acre parcel.

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: 5,178‑square‑foot building on 1.66 acres; Full‑service bar operation; Located at 6287 MT Hwy 83 in Condon