Versatile Commercial
For Sale
$395,000
2000 Farragut Avenue, Butte, MT 59701
Commercial building with a full bath, large rear storage room, and wraparound parking for customer access.
Property Size2,476 SF
Days on Market15
Property Features for 2000 Farragut Avenue
General Information
Standard status
Active
Size
2,476 SF
Total Parking Spaces
20
Property subtype
Commercial
Zoning
C1
Additional Details
Business Included
No
Taxes and HOA fees
Annual Taxes
$3,493
Amenities
full bath with shower
air conditioning
large storage room
Building Details
Building Size
2,476 SF
Year Built
1977
Listing Agency:
RE/MAX Premier
(406) 491-0774
Listed By:
Andre J Graa · License #RBS-38542
(406) 491-0774
Source:
Avatarrealtymt
Added: Jul 27
Changed: Aug 8
Last Checked: Aug 9 at 1:29PM
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 RE/MAX Premier
Investment Insights
Based on property information with market context.
This for-sale commercial building offers flexibility for multiple business concepts, with an available layout that may be split into two separate spaces. The property includes a full bath with a shower, an AC system, and a large storage room at the rear.
The pavement wraps around the building, providing on-site parking for convenient customer access. The listing describes the property as being located in a high-traffic area.
Additional highlights include the potential for two-business use and the practical interior support features, including climate control and dedicated back-of-house storage.
The pavement wraps around the building, providing on-site parking for convenient customer access. The listing describes the property as being located in a high-traffic area.
Additional highlights include the potential for two-business use and the practical interior support features, including climate control and dedicated back-of-house storage.
Key Highlights
- Commercial building built in 1977
- Wraparound, customer‑access parking with pavement wrapping around the building
- Full bath with a shower
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
$30,418
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
7.70%
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%
$608,360
$608.4K
Cap Rate 7%
$434,543
$434.5K
Cap Rate 9%
$337,978
$338.0K
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
$41.6K $16.80/SF
− Vacancy
−$1.0K −$0.42/SF
EGI
$40.6K $16.38/SF
− OpEx
−$10.1K −$4.10/SF
NOI
$30.4K $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%
$608,360
Cap Rate 7%
$434,543
Cap Rate 9%
$337,978
Alternative Uses
Best Use
Specialty Retail
$434.5K
$380.2K – $507.0K
NOI $30,418 @ 7.0% cap · market cap 7.70%
Second Best
Retail
$361.7K
$316.5K – $422.0K
NOI $25,322 @ 7.0% cap · market cap 6.41%
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
Current Use
Location Intelligence
Trade Area within ½ mile
371
Businesses Nearby
65k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 42%
Dining 30%
Shops & Services 21%
Hotels & Casinos 6%
Safeway
Groceries
27,153 visits/mo
0.4 miles
Starbucks
Dining
14,049 visits/mo
0.4 miles
Conoco
Shops & Services
5,885 visits/mo
0.5 miles
O'Reilly Auto Parts
Shops & Services
4,048 visits/mo
0.4 miles
AutoZone
Shops & Services
3,681 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
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Frequently Asked Questions
What type of property is this?
Retail space - Commercial building with a full bath, large rear storage room, and wraparound parking for customer access.
Where is this retail space 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: Commercial building built in 1977; Wraparound, customer‑access parking with pavement wrapping around the building; Full bath with a shower
