Mixed-Use Building with
For Sale
$395,000
2000 Farragut Avenue, Butte, MT 59701
CommercialSale, Butte, MT
Property Size2,476 SF
Lot Size0.28 Acres
Price / SF$159.53
Days on Market350
Property Features for 2000 Farragut Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
C
Directions
GPS will get you there
Subdivision
10BE - Butte - E of Harrison to 4 Mi V
Standard status
Active
APN
0000827200
Size
2,476 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
DALY ADD, S20, T03 N, R07 W, BLOCK 25, LOT 1 - 4
Tax Annual Amount
3493
Legal Description
DALY ADD, S20, T03 N, R07 W, BLOCK 25, LOT 1 - 4
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Amenities
full bath with shower
AC
large storage room
Building Details
Year built
1977
Listing Agency:
RE/MAX Premier · RE/MAX International
(406) 299-3500
Listed By:
Andre Graa · License #RBS-38542
(406) 491-0774
Added: Sep 9, 2025
Changed: Aug 19
Last Checked: Aug 24 at 11:06PM
MLS# 405703
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.
This mixed-use commercial building contains 2,476 square feet and was constructed in 1977. The interior includes a full bathroom with a shower, central air conditioning, and a sizable rear storage room. The layout may be divided into two separate business areas, providing flexibility for different occupants or operating arrangements.
Paved parking extends around the building, supporting convenient customer and employee access. Public water and public sewer serve the property, while heating is provided by natural gas and forced air. The offering includes the real estate only and does not include the existing business.
Paved parking extends around the building, supporting convenient customer and employee access. Public water and public sewer serve the property, while heating is provided by natural gas and forced air. The offering includes the real estate only and does not include the existing business.
Key Highlights
- 2,476‑square‑foot mixed‑use commercial building
- 0.2755‑acre lot with paved parking wrapping around the building
- Central air conditioning and natural gas forced‑air heating
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
$25,322
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
6.41%
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%
$506,440
$506.4K
Cap Rate 7%
$361,743
$361.7K
Cap Rate 9%
$281,356
$281.4K
Market Conditions
NOI Build-Up for 2,476 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
$37.1K $15.00/SF
− Vacancy
−$966 −$0.39/SF
EGI
$36.2K $14.61/SF
− OpEx
−$10.9K −$4.38/SF
NOI
$25.3K $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%
$506,440
Cap Rate 7%
$361,743
Cap Rate 9%
$281,356
Alternative Uses
Best Use
Retail
$361.7K
$316.5K – $422.0K
NOI $25,322 @ 7.0% cap · market cap 6.41%
Second Best
Mixed Use
$286.5K
$250.7K – $334.3K
NOI $20,056 @ 7.0% cap · market cap 5.08%
Theoretical Best
Office A
$539.6K
$472.2K – $629.6K
NOI $37,773 @ 7.0% cap · market cap 9.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
318
Businesses Nearby
4k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
O'Reilly Auto Parts
Shops & Services
4,048 visits/mo
0.5 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?
Mixed-use property - Paved parking surrounds the building, which includes central air, a full bathroom, and adaptable commercial space.
Where is this mixed-use property located?
The property is located at 2000 Farragut Avenue Butte, MT.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 2,476‑square‑foot mixed‑use commercial building; 0.2755‑acre lot with paved parking wrapping around the building; Central air conditioning and natural gas forced‑air heating
