Established Archery Store For
For Sale
Contact for pricing
77 Laura Louise Lane, Bozeman, MT 59718
Profitable archery store with building and indoor ranges for sale.
Property Size17,280 SF
Price / SF$138.89
Days on Market191
Property Features for 77 Laura Louise Lane
General Information
Standard status
Active
Size
17,280 SF
Property subtype
Business for Sale
Zoning
Commercial
Building Details
Year Built
2010
Listing Agency:
Bozeman Realty
Listed By:
Jon Bertelsen · License #RRE-BRO-LIC-12833
Source:
Crexi
Added: Feb 10
Changed: Aug 8
Last Checked: Jul 22 at 12:51PM
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 Bozeman Realty
Investment Insights
Based on property information with market context.
This is an opportunity to own a well-established and profitable archery store that has been in operation for over 24 years. The building, constructed in 2010 specifically for the business, offers a total of 17280 square feet divided into two floors, each measuring 8640 square feet. The main level is split into retail and office space, with the remaining area dedicated to indoor ranges. The full basement, featuring 12-foot ceilings, is also set up as a range. The store carries current model year inventory from brands such as Hoyt, Bowtech, PSE, Darton, and Bear. The property is located in Bozeman, MT.
Key Highlights
- Established and Profitable Archery Business (24+ Years)
- Purpose‑Built Building (Constructed in 2010)
- Large Square Footage: 17,280 sq ft (Two Floors)
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
$202,487
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
8.44%
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%
$4,049,740
$4.0M
Cap Rate 7%
$2,892,671
$2.9M
Cap Rate 9%
$2,249,856
$2.2M
Market Conditions
NOI Build-Up for 17,280 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
$311.0K $18.00/SF
− Vacancy
−$21.8K −$1.26/SF
EGI
$289.3K $16.74/SF
− OpEx
−$86.8K −$5.02/SF
NOI
$202.5K $11.72/SF
Area
Gallatin County, MT
Vacancy
7.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$4,049,740
Cap Rate 7%
$2,892,671
Cap Rate 9%
$2,249,856
Alternative Uses
Best Use
Retail
$2.89M
$2.53M – $3.37M
NOI $202,487 @ 7.0% cap · market cap 8.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.51M
$3.95M – $5.26M
NOI $315,851 @ 7.0% cap · market cap 13.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
75
Businesses Nearby
833
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Storage Rentals of America
Shops & Services
833 visits/mo
0.4 miles
Demographics for 59718, MT
43,831
Population
19,765
Households
2.2
Avg Household Size
33
Median Age
57%
College-Educated
97%
High-School Grad
164.5 sq mi
ZIP Area
266
Density / Sq Mi
$91,852
Median Household Income
$44,915
Median Earnings
$1,748
Median Rent
$579,800
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Profitable archery store with building and indoor ranges for sale.
Where is this storefront property located?
The property is located at 77 Laura Louise Lane Bozeman, MT.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Established and Profitable Archery Business (24+ Years); Purpose‑Built Building (Constructed in 2010); Large Square Footage: **17,280 sq ft (Two Floors)**
