Renovated Mixed-Use
New
For Sale
$5,600,000
106 Parkmont, Butte, MT 59701
A GSA lease with a 17-year remaining term anchors the property's office and support facilities.
Property Size29,960 SF
Price / SF$186.92
Days on Market2
Property Features for 106 Parkmont
General Information
Standard status
Active
Size
29,960 SF
Property subtype
Commercial
Additional Details
Condition
Newly Renovated
Cap Rate
6.5%
Tenant in Place
Yes
Property Use
Office
Taxes and HOA fees
Annual Taxes
$36,272
Building Details
Year Built
1979
Tenancy
Single
Listing Agency:
McLeod Real Estate Group, LLC
Listed By:
Mike McLeod · License #8291
(406) 560-5263
Source:
Clearwaterproperties
Added: Nov 1
Last Checked: Nov 1 at 3:18PM
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 McLeod Real Estate Group, LLC
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Investment Insights
Based on property information with market context.
Renovated in full, this mixed-use property combines office areas in its main building with separate outbuildings and a ware yard. The main building was constructed in 1979.
The property is leased to the GSA, with a 17-year remaining lease term and a 6.5% cap rate. Outbuildings and the yard add further functional space to the office-oriented site.
The property is leased to the GSA, with a 17-year remaining lease term and a 6.5% cap rate. Outbuildings and the yard add further functional space to the office-oriented site.
Key Highlights
- GSA‑leased property with a 17‑year remaining term
- 6.5% cap rate
- Renovated mixed‑use property with office areas in the main building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$386,807
Cap Rate
6.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,736,140
$7.7M
Cap Rate 7%
$5,525,814
$5.5M
Cap Rate 9%
$4,297,856
$4.3M
Market Conditions
NOI Build-Up for 29,960 SF
Gross rent
$600.4K $20.04/SF
− Vacancy
−$84.7K −$2.83/SF
EGI
$515.7K $17.21/SF
− OpEx
−$128.9K −$4.30/SF
NOI
$386.8K $12.91/SF
Area
Silver Bow County, MT
Vacancy
14.10%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,736,140
Cap Rate 7%
$5,525,814
Cap Rate 9%
$4,297,856
Alternative Uses
Best Use
Office B
$5.53M
$4.84M – $6.45M
NOI $386,807 @ 7.0% cap · market cap 6.91%
Second Best
Mixed Use
$3.47M
$3.03M – $4.04M
NOI $242,676 @ 7.0% cap · market cap 4.33%
Theoretical Best
Office A
$6.53M
$5.71M – $7.62M
NOI $457,065 @ 7.0% cap · market cap 8.16%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
78
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A GSA lease with a 17-year remaining term anchors the property's office and support facilities.
Where is this mixed-use property located?
The property is located at 106 Parkmont Butte, MT.
What is the asking price?
The asking price for this property is $5,600,000.
What are key features of this property?
This property features: GSA‑leased property with a 17‑year remaining term; 6.5% cap rate; Renovated mixed‑use property with office areas in the main building
