Flexible Retail Storefront
For Sale
$430,000
1700 Harrison, Butte, MT 59701
Mostly open retail interior with updated building systems and a large on-site parking lot.
Property Size2,526 SF
Price / SF$170.23
Days on Market110
Property Features for 1700 Harrison
General Information
Standard status
Active
Size
2,526 SF
Property subtype
Commercial
Zoning
C2
Taxes and HOA fees
Annual Taxes
$3,700
Building Details
Building Size
2,526 SF
Year Built
1918
Listing Agency:
Engel & Volkers - Butte
(406) 589-6247
Listed By:
EJ Daws
(406) 589-6247
Source:
Outlaw
Added: May 5
Changed: Aug 22
Last Checked: Aug 22 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 & Volkers - Butte
Investment Insights
Based on property information with market context.
This commercial building offers a mostly open interior layout designed for flexible retail and service use. The property is supported by a newer roof and updated electrical, plumbing, and heating systems, helping reduce immediate capital concerns for an owner-operator. The storefront configuration and adaptable interior provide a straightforward fit for businesses that want a clean, reconfigurable space.
The building is located on Butte’s primary commercial street, providing convenient street-level presence for customers. A large parking lot is included on-site, supporting easy vehicle access for both daily traffic and peak shopping periods.
For tenants or buyers looking for a versatile storefront property, the combination of an open floor plan, updated core building systems, and substantial parking offers practical operational value. This setup can work well for a range of retail-oriented concepts that benefit from visibility and the ability to tailor interior layout to their business needs.
The building is located on Butte’s primary commercial street, providing convenient street-level presence for customers. A large parking lot is included on-site, supporting easy vehicle access for both daily traffic and peak shopping periods.
For tenants or buyers looking for a versatile storefront property, the combination of an open floor plan, updated core building systems, and substantial parking offers practical operational value. This setup can work well for a range of retail-oriented concepts that benefit from visibility and the ability to tailor interior layout to their business needs.
Key Highlights
- Commercial building built in 1918 on Butte’s primary commercial street (Harrison Avenue).
- Mostly open interior layout for flexibility for a wide range of uses.
- Large on‑site parking lot included.
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
$25,833
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
6.01%
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%
$516,660
$516.7K
Cap Rate 7%
$369,043
$369.0K
Cap Rate 9%
$287,033
$287.0K
Market Conditions
NOI Build-Up for 2,526 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
$37.9K $15.00/SF
− Vacancy
−$985 −$0.39/SF
EGI
$36.9K $14.61/SF
− OpEx
−$11.1K −$4.38/SF
NOI
$25.8K $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%
$516,660
Cap Rate 7%
$369,043
Cap Rate 9%
$287,033
Alternative Uses
Best Use
Retail
$369.0K
$322.9K – $430.6K
NOI $25,833 @ 7.0% cap · market cap 6.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$550.5K
$481.7K – $642.3K
NOI $38,536 @ 7.0% cap · market cap 8.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
478
Businesses Nearby
49k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 61%
Dining 18%
Home Improvements & Furnishings 14%
Beauty & Spa 4%
Dollar Tree
Shops & Services
8,984 visits/mo
0.4 miles
Town Pump
Shops & Services
7,071 visits/mo
0.3 miles
Exxon
Shops & Services
7,066 visits/mo
0.3 miles
Butte True Value
Home Improvements & Furnishings
7,006 visits/mo
0.4 miles
Little Caesars Pizza
Dining
4,513 visits/mo
0.3 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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Mostly open retail interior with updated building systems and a large on-site parking lot.
Where is this retail space located?
The property is located at 1700 Harrison Butte, MT.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Commercial building built in 1918 on Butte’s primary commercial street (Harrison Avenue).; Mostly open interior layout for flexibility for a wide range of uses.; Large on‑site parking lot included.
