Commercial Kitchen
For Sale
$600,000
1921 Harrison Avenue, Butte, MT 59701
CommercialSale, Butte, MT
Property Size2,941 SF
Lot Size0.15 Acres
Price / SF$204.01
Days on Market246
Property Features for 1921 Harrison Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
C2 - Community Commercial
Parking features
On Street
Directions
Easy to find. Google will get you there.
Subdivision
10BW - Butte - W of Harrison to 4 Mi V
Standard status
Active
APN
0001066500
Size
2,941 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SCF AND GAC, S19, T03 N, R07 W, BLOCK 2, S 20' LOT 7, ALL LOT 8, N2 LOT 9
Tax Annual Amount
3572
Legal Description
SCF AND GAC, S19, T03 N, R07 W, BLOCK 2, S 20' LOT 7, ALL LOT 8, N2 LOT 9
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1964
Listing Agency:
Venture West Realty
(406) 522-9378
Listed By:
Scott Thompson · License #BRO-94797
(406) 593-1057
Added: Jan 7
Changed: Aug 19
Last Checked: Sep 10 at 6:06AM
MLS# 407829
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.
Investment Insights
Based on property information with market context.
This 2,941-square-foot commercial kitchen facility in Butte supports the production and sale of tamales, tamale pies, pasties, and party pasties. The operation has been updated over time and includes newer equipment intended to improve production efficiency. USDA certification permits products to be shipped across state lines. The established business has served the Butte area for more than 125 years and maintains local and nationwide demand for its specialty foods.
The property is located at 1921 Harrison Avenue along a corridor carrying approximately 18,000 vehicles per day. Public water and public sewer serve the site, while heating is provided by natural gas and forced air. On-street parking is available. The building was constructed in 1964 on approximately 0.149 acres.
The property is located at 1921 Harrison Avenue along a corridor carrying approximately 18,000 vehicles per day. Public water and public sewer serve the site, while heating is provided by natural gas and forced air. On-street parking is available. The building was constructed in 1964 on approximately 0.149 acres.
Key Highlights
- USDA‑certified facility supports shipment of products across state lines
- 2,941‑square‑foot commercial kitchen facility on approximately 0.149 acres
- Production includes tamales, tamale pies, pasties, and party pasties
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
$36,130
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
6.02%
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%
$722,600
$722.6K
Cap Rate 7%
$516,143
$516.1K
Cap Rate 9%
$401,444
$401.4K
Market Conditions
NOI Build-Up for 2,941 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
$49.4K $16.80/SF
− Vacancy
−$1.2K −$0.42/SF
EGI
$48.2K $16.38/SF
− OpEx
−$12.0K −$4.10/SF
NOI
$36.1K $12.29/SF
Area
Silver Bow County, MT
Vacancy
2.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
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%
$722,600
Cap Rate 7%
$516,143
Cap Rate 9%
$401,444
Alternative Uses
Best Use
Specialty Retail
$516.1K
$451.6K – $602.2K
NOI $36,130 @ 7.0% cap · market cap 6.02%
Second Best
Retail
$429.7K
$376.0K – $501.3K
NOI $30,078 @ 7.0% cap · market cap 5.01%
Theoretical Best
Office A
$641.0K
$560.8K – $747.8K
NOI $44,867 @ 7.0% cap · market cap 7.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
18,000 VPD
Traffic count
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
522
Businesses Nearby
27k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 68%
Shops & Services 25%
Electronics 4%
Home Improvements & Furnishings 3%
Starbucks
Dining
14,049 visits/mo
0.4 miles
O'Reilly Auto Parts
Shops & Services
4,048 visits/mo
0.3 miles
Domino's Pizza
Dining
2,064 visits/mo
0.2 miles
Great Harvest Bread Co.
Dining
2,039 visits/mo
0.2 miles
The UPS Store
Shops & Services
1,947 visits/mo
0.1 miles
Demographics for 59701, MT
33,937
Population
16,834
Households
2
Avg Household Size
42
Median Age
27%
College-Educated
94%
High-School Grad
509.7 sq mi
ZIP Area
67
Density / Sq Mi
$56,799
Median Household Income
$34,793
Median Earnings
$811
Median Rent
$219,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial kitchen - USDA-certified food production facility supports interstate shipment of prepared specialty foods.
Where is this commercial kitchen located?
The property is located at 1921 Harrison Avenue Butte, MT.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: USDA‑certified facility supports shipment of products across state lines; 2,941‑square‑foot commercial kitchen facility on approximately 0.149 acres; Production includes tamales, tamale pies, pasties, and party pasties
