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    130 N Main Street unit 3 Butte, MT 59701

    View on Map
    For Lease
    $15 SF/Yr

    COMMERCIAL - Butte, MT

    Type:Office
    Property size:
    2,427 SF
    Lot size:
    0.97 Acres
    Added:
    Nov 7, 2025
    Days on Market:
    146
    Last Refresh:
    Apr 2 at 7:06 am

    Property Features for 130 N Main Street unit 3

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Parking features
    On Street, Covered, Garage
    Standard status
    Active
    APN
    0001927600
    Size
    2,427 SF
    Lot size
    0.97 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    We can help!

    Listing Contact
    Melissa Mobley
    Melissa Mobley

    Listing agent Melissa Mobley License #BRO-98413

    Listing office eXp Realty, LLC 1205 S Main Street, Kalispell, MT

    Listing date Nov 7, 2025

    MLS# 406946

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

    Overview

    Iconic Office Space in Butte

    Located in the heart of Butte's vibrant Uptown district, this office space is situated in the iconic Hennessy Building. The 4th-floor suite offers abundant natural light and elevated views across the city. The layout includes 10 private offices, a welcoming lobby/reception area, a dedicated file/storage room, and a conference room. The property provides fully furnished offices, janitorial services, all utilities, secure building access, and private, gated, covered parking. The location offers proximity to Uptown's local restaurants, cafes, shops, and everyday conveniences. This turn-key, central, and connected space is designed to support productivity, professionalism, and long-term business growth.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mann Mortgage Loan Service Univision Computers (Butte, ... Tech Support Center Resodyn Corporation Industrial Manufacturer Northwest Mountain Appraisal ... Real Estate Agency The Hennessey Building Corporate Office

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Butte
    County
    Silver Bow
    State
    Montana
    Longitude
    -112.535212
    Latitude
    46.014341

    Nearby Similar for Lease

    • $15/mo

      Hennessy Building Office Space

      Move-in-ready office space in historic Butte landmark.
      130 N Main Street, Butte, MT 59701
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    • $15/mo

      Historic Hennessy Building Office Space

      Versatile 3,746 sq ft space in Uptown Butte landmark.
      130 N Main St, Butte, MT 59701
      View Details
    • $12/mo

      Butte Commercial Building For Lease

      Commercial building in high-traffic area suitable for various businesses.
      2000 Farragut Avenue, Butte, MT 59701
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    • $15/mo

      Uptown Butte Commercial Suite

      Versatile commercial space in a distinguished historic landmark.
      130 N Main Street unit: 1, Butte, MT 59701
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    • Contact for pricing

      Harrison Avenue Retail/Office Space

      Office and retail space in a well-known location.
      1230 Harrison Ave, Butte, MT 59701
      View Details

    FAQs

    What type of property is this?
    Office units - Turn-key office space in Butte's vibrant Uptown district.
    Where is this office units located?
    The property is located at 130 N Main Street unit 3 Butte, MT.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Iconic Hennessy Building Location: Prime Uptown district location offers unmatched business presence and convenience.; Turn‑Key & Fully Furnished: Ready‑to‑use workspace with fully furnished offices, minimizing setup time and costs.; Comprehensive Amenities Included: Utilities, janitorial services, and secure building access are all included.
    (406) 299-0827
    We can help!
    Listing Contact
    Melissa Mobley
    Melissa Mobley
    Real Estate License ID: BRO-98413
    Learn More
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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.

    More about this property
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