Stand-Alone Commercial Building with
For Sale
$105,000
339 S Arizona Street, Butte, MT 59701
Built in 1964 with large front windows, open interior, and dedicated off-street parking behind; sold as-is.
Property Size425 SF
Price / SF$247.06
Days on Market76
Property Features for 339 S Arizona Street
General Information
Standard status
Active
Size
425 SF
Zoning
CM
Building Details
Building Size
425 SF
Year Built
1964
Listing Agency:
Engel & Völkers - Butte
Listed By:
Heather Choquette · License #RRE-RBS-LIC-79565
(406) 490-8169
Source:
Purewestrealestate
Added: Jun 22
Changed: Sep 2
Last Checked: Sep 5 at 3:37AM
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 Engel & Völkers - Butte
Investment Insights
Based on property information with market context.
Built in 1964, this stand-alone commercial building offers a straightforward, functional layout designed around an open interior. Large front windows provide visibility, and the space includes dedicated off-street parking located behind the building. The property is being sold as-is.
The building is located within the URA District, an area focused on investment and revitalization. It may be suitable for a range of commercial concepts that can work with an open interior configuration.
With its simple floor plan, front-window frontage, and off-street parking setup, the property provides a practical foundation for an owner-operator or investor looking for a flexible commercial space.
The building is located within the URA District, an area focused on investment and revitalization. It may be suitable for a range of commercial concepts that can work with an open interior configuration.
With its simple floor plan, front-window frontage, and off-street parking setup, the property provides a practical foundation for an owner-operator or investor looking for a flexible commercial space.
Key Highlights
- Standalone commercial building built in 1964
- Open interior layout with large front windows
- Dedicated off‑street parking located behind the building
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
$4,346
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
4.14%
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%
$86,920
$86.9K
Cap Rate 7%
$62,086
$62.1K
Cap Rate 9%
$48,289
$48.3K
Market Conditions
NOI Build-Up for 425 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
$6.4K $15.00/SF
− Vacancy
−$166 −$0.39/SF
EGI
$6.2K $14.61/SF
− OpEx
−$1.9K −$4.38/SF
NOI
$4.3K $10.23/SF
Area
Silver Bow County, MT
Vacancy
2.60%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$86,920
Cap Rate 7%
$62,086
Cap Rate 9%
$48,289
Alternative Uses
Best Use
Retail
$62.1K
$54.3K – $72.4K
NOI $4,346 @ 7.0% cap · market cap 4.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$92.6K
$81.1K – $108.1K
NOI $6,484 @ 7.0% cap · market cap 6.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,258
Businesses Nearby
55k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 63%
Dining 32%
Apparel 3%
Hotels & Casinos 1%
Exxon
Shops & Services
14,711 visits/mo
0.4 miles
Town Pump
Shops & Services
12,512 visits/mo
0.4 miles
Taco Bell
Dining
9,467 visits/mo
0.5 miles
U.S. Bank
Shops & Services
6,701 visits/mo
0.3 miles
Jimmy John's
Dining
5,218 visits/mo
0.1 miles
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 Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Built in 1964 with large front windows, open interior, and dedicated off-street parking behind; sold as-is.
Where is this storefront property located?
The property is located at 339 S Arizona Street Butte, MT.
What is the asking price?
The asking price for this property is $105,000.
What are key features of this property?
This property features: Standalone commercial building built in 1964; Open interior layout with large front windows; Dedicated off‑street parking located behind the building
