Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Mt Highland Rd Butte, MT 59701

    View on Map
    Sponsored
    For Sale
    $1,195,000

    LAND - Butte, MT

    Lot size:
    10.26 Acres
    Days on Market:
    6
    Last Refresh:
    Mar 29 at 11:06 am

    Property Features for Mt Highland Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    0001864400
    Lot size
    10.26 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Gary Shea
    Gary Shea

    Century 21 Shea Realtors

    Listing agent Gary Shea License #BRO-10976

    Listing date Mar 24, 2026

    MLS# 409642

    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.

    Learn more

    Property Insight Report

    Overview

    Residential Development Land in Butte

    This 10.26-acre property is ideally suited for residential development, including single-family, multi-family, or a mixed-use concept. Located within an infill area with established city infrastructure, the property benefits from nearby access to all major utilities, including electric, natural gas, water, and sewer. The site offers strong development flexibility with three potential access points: two from Mt. Highland Drive and one from Milky Way. Development opportunities like this in Butte are rare, with very few in-town parcels remaining that can accommodate residential development at this scale.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Butte
    County
    Silver Bow
    State
    Montana
    Longitude
    -112.49587
    Latitude
    45.96473

    Nearby Similar for Sale

    • $600,000
      2,941 SF

      Established Butte Business Opportunity

      Iconic Butte business for sale with growth potential.
      1921 Harrison Ave, Butte, MT 59701
      View Details
    • $1,000,000
      27,600 SF

      Butte Mixed-Use Redevelopment Opportunity

      27,600 sq ft building suitable for commercial, retail, office.
      75 E Park St E, Butte, MT 59701
      View Details
    • $395,000
      4,890 SF

      Butte Duplex with Historic Charm

      Spacious duplex near hospital, Montana Tech, and uptown Butte.
      205 N Excelsior Ave, Butte, MT 59701
      View Details
    • $395,000
      4,890 SF

      Butte Duplex with Historic Charm

      Spacious duplex near hospital, Montana Tech, and uptown Butte.
      205 N Excelsior Ave, Butte, MT 59701
      View Details
    • $1,000,000
      0.18 Acres

      Butte Commercial Space with Incentives

      Versatile 25,000+ sq ft space in URA Opportunity Zone.
      75 E Park St, Butte, MT 59701
      View Details
    • $2,750,000
      37,032 SF

      Butte Mixed-Use Commercial Building

      Move-in ready, versatile 37,000+ sq ft commercial building with parking.
      25 W Granite St W, Butte, MT 59701
      View Details
    • $1,999,999
      0.36 Acres

      Uptown Butte Commercial Opportunity

      Expansive 50,000+ sqft space in the heart of Uptown.
      68 W Broadway St, Butte, MT 59701
      View Details
    • $575,000
      0.17 Acres

      Butte Multifamily Investment Portfolio

      Seven income-producing properties in Butte and Anaconda, Montana.
      1017 Utah Ave, Butte, MT 59701
      View Details
    • $1,999,999
      51,179 SF

      Uptown Butte Commercial Opportunity

      Expansive 50,000+ sqft property suitable for redevelopment in Butte.
      68 W Broadway St W, Butte, MT 59701
      View Details
    • $725,000

      Renovated Four-Unit Income Property

      Turn-key investment property in Uptown Butte with strong rental income.
      315-321 N Washington St, Butte, MT 59701
      View Details
    • $218,880

      Commercial Space in Rudolph Condos

      Flexible commercial spaces in prime Uptown Butte location.
      59 E Park St, Butte, MT 59701
      View Details
    • $122,347

      Commercial Space in Rudolph Condos

      Flexible commercial spaces in prime Uptown Butte location.
      59 Park St, Butte, MT 59701
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 10.26 acres ideal for residential or mixed-use development.
    Where is this residential land & home lot located?
    The property is located at Mt Highland Rd Butte, MT.
    What is the asking price?
    The asking price for this property is $1,195,000.
    What are key features of this property?
    This property features: - Large 10.26-acre parcel suitable for single-family, multi-family, or mixed-use residential development.; - Rare in-town development opportunity with few comparable parcels remaining in Butte.; - Located in an infill area with established city infrastructure.
    (406) 490-7432
    Request Owner's contact information
    Mt Highland Rd Butte, MT 59701
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Mt Highland Rd
    Butte, MT 59701
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Mt Highland Rd Butte, MT 59701
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Gary Shea
    Gary Shea
    Real Estate License ID: 10976
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!