Flexible Commercial
For Sale
$97,056
D-59 E Park St, Butte, MT 59701
Compact commercial space supports retail, office, or creative use with a build-to-suit interior.
Property Size306 SF
Price / SF$317.18
Days on Market560
Property Features for D-59 E Park St
General Information
Standard status
Active
Size
306 SF
Listing Agency:
Engel & Volkers - Butte
(406) 498-5682
Listed By:
Trevor Bristol
(406) 498-5682
Source:
Exprealty
Added: Feb 5, 2025
Changed: Aug 15
Last Checked: Aug 18 at 11:21AM
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 & Volkers - Butte
Investment Insights
Based on property information with market context.
Located within the Rudolph Condos at D-59 E Park St in Butte, Montana, this 306-square-foot flex space offers a compact commercial footprint for a tailored interior build-out. Multiple layout options provide flexibility in organizing the suite around the intended business use.
The property is positioned in Uptown Butte and is suited to retail, office, or creative applications. Its commercial condo format allows the interior configuration to be shaped around the selected use rather than relying on a fixed layout.
The property is positioned in Uptown Butte and is suited to retail, office, or creative applications. Its commercial condo format allows the interior configuration to be shaped around the selected use rather than relying on a fixed layout.
Key Highlights
- 306 SF flex space within the Rudolph Condos
- Multiple interior layout options
- Build‑out can be tailored to the selected use
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
$3,951
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
4.07%
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%
$79,020
$79.0K
Cap Rate 7%
$56,443
$56.4K
Cap Rate 9%
$43,900
$43.9K
Market Conditions
NOI Build-Up for 306 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
$6.1K $20.04/SF
− Vacancy
−$865 −$2.83/SF
EGI
$5.3K $17.21/SF
− OpEx
−$1.3K −$4.30/SF
NOI
$4.0K $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%
$79,020
Cap Rate 7%
$56,443
Cap Rate 9%
$43,900
Alternative Uses
Best Use
Office B
$56.4K
$49.4K – $65.9K
NOI $3,951 @ 7.0% cap · market cap 4.07%
Second Best
Retail
$44.7K
$39.1K – $52.2K
NOI $3,129 @ 7.0% cap · market cap 3.22%
Theoretical Best
Office A
$66.7K
$58.4K – $77.8K
NOI $4,668 @ 7.0% cap · market cap 4.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,470
Businesses Nearby
Balanced
Demand for This Use
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.
Similar Off Market Nearby
- Pintler View Catering — 400 S Clark St, Butte, MT 59701
- Saffron — 217 W Park St, Butte, MT 59701
- Metals Sports Bar and Grill — 8 W Park St, Butte, MT 59701
Frequently Asked Questions
What type of property is this?
Flex space - Compact commercial space supports retail, office, or creative use with a build-to-suit interior.
Where is this flex space located?
The property is located at D-59 E Park St Butte, MT.
What is the asking price?
The asking price for this property is $97,056.
What are key features of this property?
This property features: 306 SF flex space within the Rudolph Condos; Multiple interior layout options; Build‑out can be tailored to the selected use
