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    Montana Sports Bar and Casino Title is generated by Realmo AI

    147 S 1st Ave E, Malta, MT 59538

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    Turn-key sports bar and casino business for sale in Malta.

    Type:Hospitality, Mixed Use, Retail, Special Purpose
    Property size:
    6,400 SF
    Lot size:
    0.09 Acres
    Price / SF:
    $101/SF
    Added:
    Sep 15, 2022
    Days on Market:
    1360
    Last Refresh:
    May 19 at 9:31 pm

    Property Features for 147 S 1st Ave E

    General Information

    Standard status
    Active
    Size
    6,400 SF
    Lot size
    0.09 Acres
    Property subtype
    Hospitality, Mixed Use, Retail, Special Purpose

    Building Details

    Year Built
    1975

    We can help!

    Listing Contact
    Northwest Realty & Auction

    Listing office Northwest Realty & Auction

    Listing date Sep 15, 2022

    Source Crexi

    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 Northwest Realty & Auction

    HighLights

    • Turn‑key sports bar and casino business with liquor license, catering license, and all equipment included.
    • Established and profitable business with a strong local reputation, operating successfully for over 16 years.
    • Prime location on Main Street in a high‑traffic area, close to major highways.
    • Two‑level building with 6,400 sqft, featuring a remodeled main floor sports bar and a versatile basement event space ('The Bullet Hole') with a full commercial kitchen.
    • Extensive recent remodel on the main level, including new paint, flooring, lighting, horseshoe bar, remodeled casino with 20 leased machines, and equipment updates.
    • Liquor/catering license allows for both on and off‑premises outdoor liquor and food sales.

    Overview

    This turn-key sports bar and casino business, known as 'The Lucky Bullet Sports Bar & Casino' and 'The Lucky Bullet Hole,' is available for sale. The 6,400+/- sqft building is located at 147 S 1st Ave E in Malta, Montana, situated on a 40' x 89' commercial lot. The building has 3,200+/- square feet on each level. The property is conveniently located within a one-block radius of Highway 191 S and Highway 2, in Malta’s highway commercial district (H-C), offering high visibility and traffic. The main level has undergone an extensive remodel in recent years, including new paint, flooring, and lighting, a new horseshoe bar, a remodeled casino with 20 leased machines, a new walk-in cooler, and a private kitchen. The main floor includes buddy bars with stools, a jukebox connected to a TV, pool tables, dart machines, a private casino area, a Montana lottery machine, and an ATM. The full basement, known as 'The Bullet Hole,' features a large open reception and dining area suitable for hosting various events. It includes a full commercial kitchen with a walk-in cooler, a dining area, a dance floor, a band/DJ stand, and a full bar. The maximum occupancy is 145 people on the main level and an additional 200 people in the basement. The liquor/catering license allows outdoor liquor and food sales both on and off the premises. The 2025 taxes were $3,708.59.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars & Pubs

    Suggested Use

    Dental Office Pharmacy Department Store Storage Facility Skin Care Clinic Garden Center Discount Store Computer & Electronic Repair Bakery Tech Support Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Malta
    County
    Phillips
    State
    Montana
    Longitude
    -107.872311
    Latitude
    48.361344

    FAQs

    What type of property is this?
    Bar & Pub - Turn-key sports bar and casino business for sale in Malta.
    Where is this bar & pub located?
    The property is located at 147 S 1st Ave E Malta, MT.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Turn‑key sports bar and casino business with liquor license, catering license, and all equipment included.; Established and profitable business with a strong local reputation, operating successfully for over 16 years.; Prime location on Main Street in a high‑traffic area, close to major highways.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Northwest Realty & Auction
    Real Estate License ID: RRE-BRO-LIC-45772
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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