Quonset Hut
For Sale
$215,000
201 Continental, Butte, MT 59701
CommercialSale, Butte, MT
Property Size756 SF
Lot Size0.22 Acres
Price / SF$284.39
Days on Market495
Property Features for 201 Continental
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
M2
Directions
On the corner of Continental/Shields and Madison. Across from The Berkeley Pit Viewing Stand.
Subdivision
10BNE - Butte - N of Front, E of Montana
Standard status
Active
APN
0001903825
Size
756 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
PARROT ADD, S18, T03 N, R07 W, BLOCK 1, POR OF LTS 2 - 6
Tax Annual Amount
935
Legal Description
PARROT ADD, S18, T03 N, R07 W, BLOCK 1, POR OF LTS 2 - 6
Building Details
Year built
2000
Listing Agency:
Berkshire Hathaway - Butte · Berkshire Hathaway HomeServices
(406) 299-3980
Listed By:
Jolene Domme · License #BRO-123916
(406) 565-8110
Added: Apr 15, 2025
Changed: Aug 19
Last Checked: Aug 22 at 5:06PM
MLS# 401056
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 storefront property is configured as a Quonset hut with 756 square feet of building area on a 0.2206-acre parcel. Constructed in 2000, the compact commercial building is suited to a range of business applications, including retail use supported by the surrounding commercial setting.
The property is located at 201 Continental in Butte, Montana, near local attractions, retail stores, and restaurants. Its setting provides exposure to heavy drive-by traffic and convenient access within the Butte market.
The property is located at 201 Continental in Butte, Montana, near local attractions, retail stores, and restaurants. Its setting provides exposure to heavy drive-by traffic and convenient access within the Butte market.
Key Highlights
- 756‑square‑foot Quonset hut storefront
- 0.2206‑acre parcel at 201 Continental, Butte, MT 59701
- Constructed in 2000
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
$7,732
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
3.60%
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%
$154,640
$154.6K
Cap Rate 7%
$110,457
$110.5K
Cap Rate 9%
$85,911
$85.9K
Market Conditions
NOI Build-Up for 756 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
$11.3K $15.00/SF
− Vacancy
−$295 −$0.39/SF
EGI
$11.0K $14.61/SF
− OpEx
−$3.3K −$4.38/SF
NOI
$7.7K $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%
$154,640
Cap Rate 7%
$110,457
Cap Rate 9%
$85,911
Alternative Uses
Best Use
Retail
$110.5K
$96.7K – $128.9K
NOI $7,732 @ 7.0% cap · market cap 3.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$164.8K
$144.2K – $192.2K
NOI $11,533 @ 7.0% cap · market cap 5.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
153
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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?
Storefront property - Small-format commercial building positioned for retail or other business use with strong drive-by exposure.
Where is this storefront property located?
The property is located at 201 Continental Butte, MT.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: 756‑square‑foot Quonset hut storefront; 0.2206‑acre parcel at 201 Continental, Butte, MT 59701; Constructed in 2000
