Adaptable Commercial Flex
New
For Sale
$400,000
2071 Harrison, Butte, MT 59701
CommercialSale, Butte, MT
Property Size1,883 SF
Lot Size0.14 Acres
Price / SF$212.43
Days on Market2
Property Features for 2071 Harrison
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
C2
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Directions
Located on Harrison Ave. Accessible from travel on both North & South Harrison. Findable by GPS.
Subdivision
10BW - Butte - W of Harrison to 4 Mi V
Standard status
Active
APN
0000622000
Size
1,883 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SCF AND GAC, S19, T03 N, R07 W, BLOCK 6, LOT 18 - 20
Tax Annual Amount
2726
Legal Description
SCF AND GAC, S19, T03 N, R07 W, BLOCK 6, LOT 18 - 20
Utilities
Heating system
Natural Gas, Forced Air
Amenities
bathroom
utility sink
paved parking lot
street-side signage
Building Details
Year built
1915
Listing Agency:
Platinum Real Estate
(406) 565-7128
Listed By:
Jacob Masters · License #BRO-119358
(406) 533-8023
Added: Aug 20
Last Checked: Aug 21 at 9:06PM
MLS# 414239
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 1,883-square-foot flex property offers an open commercial layout with an engineered load-bearing truss system that supports interior reconfiguration. The building includes a main-level bathroom and an oversized utility sink downstairs, providing existing plumbing features for varied operational needs. Natural gas and forced-air heating serve the property, which was built in 1915.
Located at 2071 Harrison Avenue in Butte, the property includes a paved parking lot positioned directly in front of the building. The Harrison Avenue frontage has no concrete median, allowing access from both traffic directions. Street-side signage is also in place along the commercial corridor.
Located at 2071 Harrison Avenue in Butte, the property includes a paved parking lot positioned directly in front of the building. The Harrison Avenue frontage has no concrete median, allowing access from both traffic directions. Street-side signage is also in place along the commercial corridor.
Key Highlights
- 1,883‑square‑foot flex property on a 0.135‑acre lot
- Engineered load‑bearing truss system supports interior reconfiguration
- Main‑level bathroom plus oversized utility sink downstairs
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
Industrial
$163.2K
$142.8K – $190.4K
NOI $11,424 @ 7.0% cap · market cap 2.86%
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
Location Intelligence
Trade Area within ½ mile
520
Businesses Nearby
Under-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 Industrial 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?
Flex space - Open configuration supports retail, office, service-bay, and specialty commercial layouts.
Where is this flex space 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‑square‑foot flex property on a 0.135‑acre lot; Engineered load‑bearing truss system supports interior reconfiguration; Main‑level bathroom plus oversized utility sink downstairs
