Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    202 S Arizona St, Unit Butte Butte, MT 59701

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,475,000

    Versatile historic building with parking near downtown and Butte High.

    Property size:
    8 SF

    Property Features for 202 S Arizona St

    General Information

    Size
    8 SF

    Building Details

    Year built
    1899

    We can help!

    Listing Contact
    Purewest Real Estate
    Source: Commercial.purewestrealestate

    Listing Agent: Purewest Real Estate

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Historic Butte Building with Parking

    This versatile property, built in 1899, offers approximately 9000 square feet of space on a 0.567-acre lot. Historically known as Butte's Fire Station #2, it housed the assistant fire chief and a 10-man crew from 1899 to 1931, serving Butte's warehouse district. From 1931 to 1987, it functioned as a VFW Hall/Bar, hosting events for veterans and American Legion boxing events in the basement. In 1991, the property was converted into a pawn shop, which the current owners have operated since 2000. The building features an upstairs area with a floating dance floor, an original bar from the VFW, and a kitchen/concessions room. The property is situated in close proximity to Butte High School, downtown Butte, and a large housing complex. In addition to the main building and parking lot, the sale includes 207 Curtis, a small home built in 1920. This property presents an opportunity to establish a new business in a prominent location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Fire stations

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Butte
    County
    Silver Bow
    State
    Montana
    Longitude
    -112.53187
    Latitude
    46.01135

    Nearby Similar for Sale

    • $2,900,000
      0.10 Acres

      Historic Mixed-Use Investment Opportunity

      Renovated mixed-use property in Uptown Butte with immediate income.
      140 Park St W, Butte, MT 59701
      View Details
    • $325,000
      Pending

      Renovated Duplex in Butte, Montana

      Fully renovated duplex with modern amenities and income potential.
      1117 California Ave, 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
    • $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
    • $239,000
      0.12 Acres

      Butte Duplex on Large Lot

      Butte duplex with expansion potential near schools and hospital.
      508-510 W Platinum St, Butte, MT 59701
      View Details
    • $800,000
      7,575 SF

      Established Climbing and Fitness Facility

      Turnkey business and real estate opportunity in Butte, Montana.
      1101 Utah Ave, Butte, MT 59701
      View Details
    • New
      $499,000
      17,446 SF

      Historic Mixed-Use Building in Butte

      Three-story, 17,000+ SF mixed-use building with C3 zoning.
      304 N Main St, Butte, MT 59701
      View Details
    • New
      $499,000
      17,000 SF

      Historic Mixed-Use Building in Butte

      Historic 17,000+ SF mixed-use building with C3 zoning in Butte.
      304 N Main St, Butte, MT 59701
      View Details
    • $850,000
      0.17 Acres

      Butte Multifamily Investment Portfolio

      Seven income-producing properties in Butte and Anaconda, Montana.
      1017 Utah Ave, Butte, MT 59701
      View Details
    • New
      $370,000
      0.08 Acres

      Uptown Butte Duplex Investment Opportunity

      Well-maintained duplex in Uptown Butte, ideal for investors.
      515 S Idaho St, 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
    • $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

    FAQs

    What type of property is this?
    Fire station - Versatile historic building with parking near downtown and Butte High.
    Where is this fire station located?
    The property is located at 202 S Arizona St, Unit Butte Butte, MT.
    What is the asking price?
    The asking price for this property is $1,475,000.
    What are key features of this property?
    This property features: - Large 0.567 acre lot with ample parking.; - Prime location near Butte High School, downtown, and a large housing complex.; - Versatile 9000 sq ft building suitable for various business purposes.
    (406) 885-6987
    Request Owner's contact information
    202 S Arizona St, Unit Butte 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.
    202 S Arizona St, Unit Butte
    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
    202 S Arizona St, Unit Butte 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
    Purewest Real Estate
    (406) 885-6987
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.