Flexible Retail & Office
For Sale
$83,943
59 E Park Street E, Butte, MT 59701
Flexible commercial condo space within Rudolph Condos, suited for retail, office, or creative use.
Property Size209 SF
Price / SF$401.64
Days on Market561
Property Features for 59 E Park Street E
General Information
Standard status
Active
Size
209 SF
Property subtype
Commercial
Zoning
C3
Building Details
Building Size
209 SF
Listing Agency:
Bozeman Real Estate Group
(208) 507-1613
Listed By:
Eli Kretzmann
(208) 507-1613
Source:
Outlaw
Added: Feb 5, 2025
Changed: Aug 20
Last Checked: Aug 20 at 4:22AM
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 Bozeman Real Estate Group
Investment Insights
Based on property information with market context.
This offering provides flexible commercial space inside Rudolph Condos, with multiple layout options available to tailor the unit to your business needs. The space is presented for use across retail, office, and creative concepts, and is designed to be adaptable through the build-out process.
The property is located at 59 E Park Street E in Butte, MT 59701. The seller notes high visibility and foot traffic in the area, which may support uses that benefit from consistent walk-in activity.
For tenants, this configuration can work well for a retailer, a professional office, or a creative operation seeking a customizable layout within a condo-style commercial setting. For buyers, the combination of multiple layout choices and the ability to fit the interior to the intended use may simplify planning for an operator-led build-out or a tailored workspace. Interested parties should confirm the available unit configurations and build-out requirements directly with the listing team.
The property is located at 59 E Park Street E in Butte, MT 59701. The seller notes high visibility and foot traffic in the area, which may support uses that benefit from consistent walk-in activity.
For tenants, this configuration can work well for a retailer, a professional office, or a creative operation seeking a customizable layout within a condo-style commercial setting. For buyers, the combination of multiple layout choices and the ability to fit the interior to the intended use may simplify planning for an operator-led build-out or a tailored workspace. Interested parties should confirm the available unit configurations and build-out requirements directly with the listing team.
Key Highlights
- Flexible commercial condo space within Rudolph Condos, suited for retail, office, or creative use
- Multiple layout options available, with ability to build out to your liking
- Located in Uptown Butte within the Rudolph Condos
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
$2,698
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
3.21%
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%
$53,960
$54.0K
Cap Rate 7%
$38,543
$38.5K
Cap Rate 9%
$29,978
$30.0K
Market Conditions
NOI Build-Up for 209 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
$4.2K $20.04/SF
− Vacancy
−$591 −$2.83/SF
EGI
$3.6K $17.21/SF
− OpEx
−$899 −$4.30/SF
NOI
$2.7K $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 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%
$53,960
Cap Rate 7%
$38,543
Cap Rate 9%
$29,978
Alternative Uses
Best Use
Office B
$38.5K
$33.7K – $45.0K
NOI $2,698 @ 7.0% cap · market cap 3.21%
Second Best
Retail
$30.5K
$26.7K – $35.6K
NOI $2,137 @ 7.0% cap · market cap 2.55%
Theoretical Best
Office A
$45.5K
$39.9K – $53.1K
NOI $3,188 @ 7.0% cap · market cap 3.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,330
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Flexible commercial condo space within Rudolph Condos, suited for retail, office, or creative use.
Where is this retail space located?
The property is located at 59 E Park Street E Butte, MT.
What is the asking price?
The asking price for this property is $83,943.
What are key features of this property?
This property features: Flexible commercial condo space within Rudolph Condos, suited for retail, office, or creative use; Multiple layout options available, with ability to build out to your liking; Located in Uptown Butte within the Rudolph Condos
