Three-Unit Office
For Sale
$340,000
2850 Farragut Avenue, Butte, MT 59701
C2-zoned property offers separate access for each of its three units.
Property Size2,184 SF
Price / SF$155.68
Days on Market35
Property Features for 2850 Farragut Avenue
General Information
Standard status
Active
Size
2,184 SF
Property subtype
Commercial
Zoning
C2
Additional Details
Office Units
3
Taxes and HOA fees
Annual Taxes
$3,562
Building Details
Building Size
2,184 SF
Year Built
1973
Buildings
1
Listing Agency:
Coldwell Banker Markovich RE
(406) 995-2404
Listed By:
Carrie Bryan
(406) 570-6336
Source:
Outlaw
Added: Sep 1
Changed: Sep 30
Last Checked: Oct 4 at 7:56AM
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 Coldwell Banker Markovich RE
Investment Insights
Based on property information with market context.
This 2,184-square-foot office building contains three distinct units, with each space offering its own entrance. Built in 1973, the property is currently used as Red Leaf Spa and provides on-site parking.
Located at 2850 Farragut Avenue in Butte, Montana, the building carries C2 zoning. Its separated layout supports independent occupancy within a single office property.
Located at 2850 Farragut Avenue in Butte, Montana, the building carries C2 zoning. Its separated layout supports independent occupancy within a single office property.
Key Highlights
- Three separate office units within one building
- Each unit has its own entrance and dedicated space
- 2,184 square feet of building area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,197
Cap Rate
8.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$563,940
$563.9K
Cap Rate 7%
$402,814
$402.8K
Cap Rate 9%
$313,300
$313.3K
Market Conditions
NOI Build-Up for 2,184 SF
Gross rent
$43.8K $20.04/SF
− Vacancy
−$6.2K −$2.83/SF
EGI
$37.6K $17.21/SF
− OpEx
−$9.4K −$4.30/SF
NOI
$28.2K $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 Rate 5%
$563,940
Cap Rate 7%
$402,814
Cap Rate 9%
$313,300
Alternative Uses
Best Use
Office B
$402.8K
$352.5K – $470.0K
NOI $28,197 @ 7.0% cap · market cap 8.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$476.0K
$416.5K – $555.3K
NOI $33,319 @ 7.0% cap · market cap 9.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Office units
Location Intelligence
Trade Area within ½ mile
451
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
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - C2-zoned property offers separate access for each of its three units.
Where is this office building located?
The property is located at 2850 Farragut Avenue Butte, MT.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Three separate office units within one building; Each unit has its own entrance and dedicated space; 2,184 square feet of building area
