Adaptable Storefront
For Sale
$400,000
2071 Harrison, Butte, MT 59701
C2-zoned storefront with flexible interior layout, existing plumbing, and paved customer parking along Harrison Avenue.
Property Size1,883 SF
Price / SF$212.43
Days on Market12
Property Features for 2071 Harrison
General Information
Standard status
Active
Size
1,883 SF
Property subtype
Commercial
Zoning
C2
Site & Location
Road Access
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$2,726
Amenities
dedicated paved parking lot
street-side signage
Building Details
Building Size
1,883 SF
Year Built
1915
Buildings
1
Construction
engineered load-bearing truss system
Listing Agency:
REAL Broker
(406) 686-1020
Listed By:
Graham Miles · License #RRE-RBS-LIC-93036
(406) 686-1020
Source:
Outlaw
Added: Aug 20
Changed: Aug 28
Last Checked: Aug 30 at 1:24PM
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 REAL Broker
Investment Insights
Based on property information with market context.
This 1,883-square-foot storefront property, built in 1915, is currently arranged as an open retail environment. Its engineered load-bearing truss system supports interior reconfiguration, allowing the floor plan to be adapted for retail, office, service, or specialty commercial use. The main level includes a bathroom, while the lower level has an oversized utility sink that adds existing plumbing capacity.
The property is located at 2071 Harrison in Butte, Montana, on a commercial corridor with street-facing signage and a paved parking lot directly in front of the building. Harrison Avenue has no concrete median at this section, allowing access from both traffic directions. C2 zoning supports the property's commercial storefront positioning.
The property is located at 2071 Harrison in Butte, Montana, on a commercial corridor with street-facing signage and a paved parking lot directly in front of the building. Harrison Avenue has no concrete median at this section, allowing access from both traffic directions. C2 zoning supports the property's commercial storefront positioning.
Key Highlights
- 1,883 SF storefront property on Harrison Avenue
- C2 zoning supports commercial storefront use
- Engineered load‑bearing truss system allows flexible interior reconfiguration
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
$19,257
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
4.81%
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%
$385,140
$385.1K
Cap Rate 7%
$275,100
$275.1K
Cap Rate 9%
$213,967
$214.0K
Market Conditions
NOI Build-Up for 1,883 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
$28.2K $15.00/SF
− Vacancy
−$734 −$0.39/SF
EGI
$27.5K $14.61/SF
− OpEx
−$8.3K −$4.38/SF
NOI
$19.3K $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%
$385,140
Cap Rate 7%
$275,100
Cap Rate 9%
$213,967
Alternative Uses
Best Use
Retail
$275.1K
$240.7K – $321.0K
NOI $19,257 @ 7.0% cap · market cap 4.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$410.4K
$359.1K – $478.8K
NOI $28,727 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
520
Businesses Nearby
85k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 32%
Dining 26%
Shops & Services 18%
Home Improvements & Furnishings 15%
Safeway
Groceries
27,153 visits/mo
0.4 miles
Starbucks
Dining
14,049 visits/mo
0.2 miles
Ace Hardware
Home Improvements & Furnishings
12,147 visits/mo
0.4 miles
Conoco
Shops & Services
5,885 visits/mo
0.4 miles
O'Reilly Auto Parts
Shops & Services
4,048 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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Safeway Floral — 2500 Massachusetts Ave, Butte, MT 59701
- Schalk's Posie Patch — 1644 Harrison Ave, Butte, MT 59701
Frequently Asked Questions
What type of property is this?
Storefront property - C2-zoned storefront with flexible interior layout, existing plumbing, and paved customer parking along Harrison Avenue.
Where is this storefront property located?
The property is located at 2071 Harrison Butte, MT.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 1,883 SF storefront property on Harrison Avenue; C2 zoning supports commercial storefront use; Engineered load‑bearing truss system allows flexible interior reconfiguration
