Gated Self-Storage with Leased
1223 Kaw Avenue Butte, MT 59701
New
1223 Kaw Avenue, Butte, MT, 59701
$1,350,000
For Sale
$1,350,000
Property includes three gated storage facilities with 60 units, a leased yard, and a commercial building with elevator.
Property Size8,268 SF
Lot Size1.59 Acres
Price / SF$163.28
Days on Market2
Property Features for 1223 Kaw Avenue
General Information
- Standard status
- Active
- Size
- 8,268 SF
- Lot size
- 1.59 Acres
Building Details
- Year Built
- 1920
Listing Agency
Millennium Real Estate & Management
(406) 541-6468
Listed by
Bryanna Deschamps · License #119066
Source
Purewestrealestate
Added: Jul 17 Checked: Jul 18 at 2:36 am
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 Millennium Real Estate & Management
Investment Insights
Based on property information with market context.
For sale at 1223 Kaw Avenue in Butte, this 1.59-acre commercial property is zoned CM and improved with three storage facilities totaling 60 units. The storage operations are gated and monitored with security cameras. The site also includes a large yard currently leased to a commercial company and a substantial commercial building occupied by a long-term tenant.
The commercial building is equipped with an elevator. Under the lease, the tenant provides dependable income with annual base-rent escalations, and the tenant is responsible for property taxes, insurance, building maintenance, and other property-related expenses.
As an investment, the property offers multiple revenue streams through the self-storage units and the leased yard, with the storage facilities generating current income and room for additional storage revenue through increased occupancy and rental rates. The existing configuration can be continued, or the site can be evaluated for future development options consistent with the CM zoning.
The commercial building is equipped with an elevator. Under the lease, the tenant provides dependable income with annual base-rent escalations, and the tenant is responsible for property taxes, insurance, building maintenance, and other property-related expenses.
As an investment, the property offers multiple revenue streams through the self-storage units and the leased yard, with the storage facilities generating current income and room for additional storage revenue through increased occupancy and rental rates. The existing configuration can be continued, or the site can be evaluated for future development options consistent with the CM zoning.
Key Highlights
- 1.59‑acre city lot at 1223 Kaw Avenue in Butte zoned CM, improved with three storage facilities plus a leased yard and a commercial building.
- Three storage facilities totaling 60 units, gated and monitored by security cameras for added security oversight.
- Commercial building includes an elevator and is occupied by a long‑term tenant.
Local Financial Insights For Self Storage
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $99.2k | $12.00 |
| − Vacancy | −$5.0k | −$0.60 |
| EGI | $94.3k | $11.40 |
| − OpEx | −$28.3k | −$3.42 |
| NOI | $66.0k | $7.98 |
8,268 SF · lease $12.00/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Self Storage
$942.6K
$824.7K – $1.10M
NOI $65,979 @ 7.0% cap · market cap 4.89%
Second Best
Warehouse
$870.2K
$761.4K – $1.02M
NOI $60,912 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$1.80M
$1.58M – $2.10M
NOI $126,135 @ 7.0% cap · market cap 9.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Tri-County Mechanical & Electrical
HVAC Service
Kaw Avenue Storage
Storage Facility
Similar For Sale Nearby
FAQs
What type of property is this?
Self storage facility - Property includes three gated storage facilities with 60 units, a leased yard, and a commercial building with elevator.
Where is this self storage facility located?
The property is located at 1223 Kaw Avenue Butte, MT.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 1.59‑acre city lot at 1223 Kaw Avenue in Butte zoned CM, improved with three storage facilities plus a leased yard and a commercial building.; Three storage facilities totaling 60 units, gated and monitored by security cameras for added security oversight.; Commercial building includes an elevator and is occupied by a long‑term tenant.
