New search
Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Bars & Pubs
150 Main St Sheridan, WY 82801-3906
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US95-0294891
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1929
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,887 SF
Lot
0.11 ac (4,875 SF)
APN
03-5684-27-4-01-001-25
UPID
US95-0294891
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Flat River Minerals Association Or Organization
-
Smith Alley Brewing Company Bar & Pub Restaurant
-
Bursch Travel - Sheridan Travel Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$410k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$826k
Blend (final)
Blend
$620k
Owner & transaction history
Bee Tree Partners LLC · 4 yrs held
Bee Tree Partners LLC
since 2021
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$870,000
+23.6%
Retail stores
$785,000
+12.1%
Apartment house (5+ units)
$775,000
+10.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Sheridan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sheridan submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$410,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$705,000
Current use
OFFICE BUILDING
$870,000
Change: +24% · Conversion: Moderate
RETAIL STORES
$785,000
Change: +12% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$775,000
Change: +11% · Conversion: Difficult
AUTO REPAIR, GARAGE
$665,000
Change: -6% · Conversion: Difficult
COMMERCIAL (GENERAL)
$650,000
Change: -8% · Conversion: Easy
WAREHOUSE, STORAGE
$640,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$620k
Range $558k – $682k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$63 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$12,356
Tax year 2022
Assessed value
$200,990
Assessed 2023
Previous assessed
$172,807
+16.3% YoY
Effective rate
6.15%
On assessed value
Assessed land
$13,609
Assessed improvement
$187,381
Land market value
$143,250
Improvement market value
$1,972,433
Total market value
$2,115,683
Applied tax rate
205.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1929
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Cooling
AC.PACKAGE
Stories
2
Units
1
Total area
9,887 SF
Lot
0.11 ac (4,875 SF)
APN
03-5684-27-4-01-001-25
UPID
US95-0294891
Jurisdiction
SHERIDAN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$705,000
OFFICE BUILDING
Est. value
$870,000
RETAIL STORES
Est. value
$785,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$775,000
AUTO REPAIR, GARAGE
Est. value
$665,000
COMMERCIAL (GENERAL)
Est. value
$650,000
WAREHOUSE, STORAGE
Est. value
$640,000
RESTAURANT Current
OFFICE BUILDING
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1929
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Cooling
Yes
Stories
2
Units
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Bee Tree Partners LLC
Entity
Mailing address
1508 S WILLSON AVE, BOZEMAN, MT 59715-5563
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2021
—
Bee Tree Partners LLC
—
Deed
related
$2,484,000 · Glacier Bank
Aug 22, 2018
—
Bee Tree Partners LLC
—
Deed
related
$1,240,320 · First Interstate Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 150 Main St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
