Commercial Kitchen Facility with High-Visibility
For Sale
$600,000
1921 Harrison Avenue, Butte, MT 59701
COMMERCIAL - Butte, MT
Property Size2,941 SF
Lot Size0.15 Acres
Price / SF$204.01
Days on Market222
Property Features for 1921 Harrison Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
C2 - Community Commercial
Parking features
On Street
Directions
Easy to find. Google will get you there.
Subdivision
10BW - Butte - W of Harrison to 4 Mi V
Standard status
Active
APN
0001066500
Size
2,941 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SCF AND GAC, S19, T03 N, R07 W, BLOCK 2, S 20' LOT 7, ALL LOT 8, N2 LOT 9
Tax Annual Amount
3572
Legal Description
SCF AND GAC, S19, T03 N, R07 W, BLOCK 2, S 20' LOT 7, ALL LOT 8, N2 LOT 9
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1964
Listing Agency:
Venture West Realty
(406) 522-9378
Listed By:
Scott Thompson · License #BRO-94797
(406) 593-1057
Added: Jan 7
Changed: Aug 4
Last Checked: Aug 17 at 1:06AM
MLS# 407829
Copyright © 2026 Big Sky Country MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Commercial kitchen facility featuring food production for tamales, tamale pies, pasties, and party pasties. The operation has been serving the Butte community for more than 125 years and the facility has been consistently updated with several newer pieces of equipment intended to improve efficiency and productivity. The property is USDA certified, supporting shipment of products across state lines, and the current owner is willing to provide training for a smooth transition.
The site sits on a high-visibility corridor with approximately 18,000 vehicles per day and is identified as having on-street parking. Built in 1964, the facility is served by public water and public sewer. Heating is natural gas with forced-air systems.
Set on a 0.149-acre lot and totaling 2,941 square feet, this is a ready-to-operate production location for buyers seeking an established brand and a production-focused setup.
The site sits on a high-visibility corridor with approximately 18,000 vehicles per day and is identified as having on-street parking. Built in 1964, the facility is served by public water and public sewer. Heating is natural gas with forced-air systems.
Set on a 0.149-acre lot and totaling 2,941 square feet, this is a ready-to-operate production location for buyers seeking an established brand and a production-focused setup.
Key Highlights
- USDA certified facility supports shipment across state lines
- Serving the community for more than 125 years with established product lines
- Approximately 18,000 vehicles per day on a high‑visibility corridor
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
$36,130
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
6.02%
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%
$722,600
$722.6K
Cap Rate 7%
$516,143
$516.1K
Cap Rate 9%
$401,444
$401.4K
Market Conditions
NOI Build-Up for 2,941 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
$49.4K $16.80/SF
− Vacancy
−$1.2K −$0.42/SF
EGI
$48.2K $16.38/SF
− OpEx
−$12.0K −$4.10/SF
NOI
$36.1K $12.29/SF
Area
Silver Bow County, MT
Vacancy
2.50%
Lease Rate
$16.80 /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%
$722,600
Cap Rate 7%
$516,143
Cap Rate 9%
$401,444
Alternative Uses
Best Use
Specialty Retail
$516.1K
$451.6K – $602.2K
NOI $36,130 @ 7.0% cap · market cap 6.02%
Second Best
Industrial
$254.9K
$223.0K – $297.4K
NOI $17,843 @ 7.0% cap · market cap 2.97%
Theoretical Best
Office A
$641.0K
$560.8K – $747.8K
NOI $44,867 @ 7.0% cap · market cap 7.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
18,000 VPD
Traffic count
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
452
Businesses Nearby
201k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 49%
Shops & Services 18%
Groceries 13%
Hotels & Casinos 8%
Safeway
Groceries
27,153 visits/mo
0.4 miles
McDonald's
Dining
25,308 visits/mo
0.1 miles
Wendy's
Dining
22,296 visits/mo
0.3 miles
Starbucks
Dining
14,049 visits/mo
0.5 miles
Ace Hardware
Home Improvements & Furnishings
12,147 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
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Frequently Asked Questions
What type of property is this?
Commercial kitchen - Commercial kitchen facility on a high-visibility corridor with public utilities and natural gas forced-air heat.
Where is this commercial kitchen located?
The property is located at 1921 Harrison Avenue Butte, MT.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: USDA certified facility supports shipment across state lines; Serving the community for more than 125 years with established product lines; Approximately 18,000 vehicles per day on a high‑visibility corridor
