Building Details

Year Renovated 2015

Buildings 1

Stories 1

Tenancy Single

Listing Agency: NAI Business Properties

Listed By: Tyler Samson · License #MT RRE-RBS-LIC-25433 Show Phone

Source: Crexi

Added: Jul 29, 2024 Changed: Oct 10 Last Checked: Oct 20 at 8:18PM

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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 NAI Business Properties

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

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

A well-established bar and grill is available for purchase, situated approximately 15 miles north of Billings, Montana. The property is located on Highway 3 North, benefiting from high visibility and traffic volume. The building has a size of 5824 square feet.

Key Highlights

• Well‑established bar and grill business for sale.
• Located 15 miles north of Billings, Montana.
• Situated on Highway 3 North.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$85,346

Cap Rate

7.11%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,706,920 $1.7M

Cap Rate 7%

$1,219,229 $1.2M

Cap Rate 9%

$948,289 $948.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,824 SF

Gross rent

$116.7K $20.04/SF

− Vacancy

−$2.9K −$0.50/SF

EGI

$113.8K $19.54/SF

− OpEx

−$28.4K −$4.88/SF

NOI

$85.3K $14.65/SF

Area

Yellowstone County, MT

Vacancy

2.50%

Lease Rate

$20.04 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,706,920

Cap Rate 7%

$1,219,229

Cap Rate 9%

$948,289

Alternative Uses

Best Use

Specialty Retail

$1.22M

$1.07M – $1.42M (±1% cap)

NOI $85,346 @ 7.0% cap · market cap 7.11%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.27M

$1.11M – $1.48M (±1% cap)

NOI $88,562 @ 7.0% cap · market cap 7.38%

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

Property Analytics

Current Use

Bars & Pubs

Location Intelligence

Demographics for 59002, MT

179

Population

86

Households

2.1

Avg Household Size

35

Median Age

28%

College-Educated

97%

High-School Grad

79.4 sq mi

ZIP Area

2

Density / Sq Mi

$38,125

Median Household Income

$23,854

Median Earnings

$1,162

Median Rent

$430,000

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 - Bar and grill for sale 15 miles north of Billings.

Where is this bar & pub located?

The property is located at 8369 MT-3 Acton, MT.

What is the asking price?

The asking price for this property is $1,200,000.

What are key features of this property?

This property features: Well‑established bar and grill business for sale.; Located 15 miles north of Billings, Montana.; Situated on Highway 3 North.