Iconic Tamales Restaurant
For Sale
$600,000
1921 Harrison, Butte, MT 59701
Established restaurant business producing tamales, tamale pies, pasties, and party pasties with newer equipment and USDA certification.
Property Size2,941 SF
Price / SF$204.01
Days on Market48
Property Features for 1921 Harrison
General Information
Standard status
Active
Size
2,941 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Traffic Count
18,000 vehicles/day
Taxes and HOA fees
Annual Taxes
$3,572
Amenities
Garage: Common,On Street
Common,On Street
Building Details
Year Built
1964
Listing Agency:
Venture West Realty
(406) 593-1057
Listed By:
Scott Thompson · License #BRO-94797
Source:
Clearwaterproperties
Added: Jul 8
Changed: Aug 24
Last Checked: Aug 23 at 1:17PM
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 Venture West Realty
Investment Insights
Based on property information with market context.
This for-sale restaurant opportunity includes a long-running, established operation known for producing and selling tamales, tamale pies, pasties, and party pasties. The facility has been consistently updated and includes several newer pieces of equipment intended to improve efficiency and productivity. The business is USDA certified, supporting shipment of products across state lines. The current owner is willing to provide training to help ensure a smooth transition.
Located at 1921 Harrison Avenue in Butte, Montana, the site sits on a high-visibility corridor with approximately 18,000 vehicles per day, supporting strong exposure and convenient customer access.
In addition to its well-known product lineup and customer loyalty, the property is positioned to support continued growth tied to its USDA certification and established production capabilities.
Located at 1921 Harrison Avenue in Butte, Montana, the site sits on a high-visibility corridor with approximately 18,000 vehicles per day, supporting strong exposure and convenient customer access.
In addition to its well-known product lineup and customer loyalty, the property is positioned to support continued growth tied to its USDA certification and established production capabilities.
Key Highlights
- Established restaurant business producing and selling tamales, tamale pies, pasties, and party pasties
- USDA certified production facility, enabling shipping products across state lines
- Truzzolino's has served the Butte community for more than 125 years (since 1964 per year built info)
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
522
Businesses Nearby
27k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 68%
Shops & Services 25%
Electronics 4%
Home Improvements & Furnishings 3%
Starbucks
Dining
14,049 visits/mo
0.4 miles
O'Reilly Auto Parts
Shops & Services
4,048 visits/mo
0.3 miles
Domino's Pizza
Dining
2,064 visits/mo
0.2 miles
Great Harvest Bread Co.
Dining
2,039 visits/mo
0.2 miles
The UPS Store
Shops & Services
1,947 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?
Commercial kitchen - Established restaurant business producing tamales, tamale pies, pasties, and party pasties with newer equipment and USDA certification.
Where is this commercial kitchen located?
The property is located at 1921 Harrison 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: Established restaurant business producing and selling tamales, tamale pies, pasties, and party pasties; USDA certified production facility, enabling shipping products across state lines; Truzzolino's has served the Butte community for more than 125 years (since 1964 per year built info)
