Butte Restaurant with Patio &
For Sale
Contact for pricing
205 S Arizona Street, Butte, MT 59701
Restaurant with full kitchen, patio, parking in historic Butte.
Property Size2,602 SF
Price / SF$172.94
Days on Market102
Property Features for 205 S Arizona Street
General Information
Standard status
Active
Size
2,602 SF
Total Parking Spaces
10
Property subtype
Mixed Use
Zoning
Commercial
Building Details
Year Built
1957
Listing Agency:
Engel & Völkers - Butte
(406) 579-5312
Listed By:
Katherine Brooks · License #RRE-RBS-LIC-79349
Source:
Crexi
Added: May 13
Changed: Aug 8
Last Checked: Jul 23 at 10:42AM
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 Engel & Völkers - Butte
Investment Insights
Based on property information with market context.
This restaurant property offers significant potential for a new owner. Substantially updated in 2023, the property features an open kitchen concept. It is located in uptown historic Butte, America, and includes a wrap-around patio with both southern and eastern exposure. The sale may include furniture, fixtures, and equipment. The lot also provides private parking. The property is suitable for a full kitchen, grill, diner, or bar. The building size is 2602 square feet.
Key Highlights
- Prime location in uptown historic Butte, America.
- Fully equipped commercial kitchen with an open concept, updated in 2023.
- Includes FF&E (furniture, fixtures, and equipment) for immediate business operation.
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
$31,966
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
7.10%
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%
$639,320
$639.3K
Cap Rate 7%
$456,657
$456.7K
Cap Rate 9%
$355,178
$355.2K
Market Conditions
NOI Build-Up for 2,602 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
$43.7K $16.80/SF
− Vacancy
−$1.1K −$0.42/SF
EGI
$42.6K $16.38/SF
− OpEx
−$10.7K −$4.10/SF
NOI
$32.0K $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%
$639,320
Cap Rate 7%
$456,657
Cap Rate 9%
$355,178
Alternative Uses
Best Use
Specialty Retail
$456.7K
$399.6K – $532.8K
NOI $31,966 @ 7.0% cap · market cap 7.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$567.1K
$496.2K – $661.6K
NOI $39,696 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,119
Businesses Nearby
27k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 65%
Shops & Services 26%
Apparel 7%
Hotels & Casinos 2%
Taco Bell
Dining
9,467 visits/mo
0.4 miles
U.S. Bank
Shops & Services
6,701 visits/mo
0.2 miles
Jimmy John's
Dining
5,218 visits/mo
0.3 miles
SUBWAY
Dining
3,016 visits/mo
0.4 miles
Steele's
Apparel
1,897 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.
Similar Off Market Nearby
- Pintler View Catering — 400 S Clark St, Butte, MT 59701
- Saffron — 217 W Park St, Butte, MT 59701
- Metals Sports Bar and Grill — 8 W Park St, Butte, MT 59701
Frequently Asked Questions
What type of property is this?
Restaurant - Restaurant with full kitchen, patio, parking in historic Butte.
Where is this restaurant located?
The property is located at 205 S Arizona Street Butte, MT.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Prime location in uptown historic Butte, America.; Fully equipped commercial kitchen with an open concept, updated in 2023.; Includes FF&E (furniture, fixtures, and equipment) for immediate business operation.
