Building Details

Year Built 1927

Buildings 1

Building Size 5,584 SF

Tenancy Multi

Listing Agency: Coldwell Banker Markovich RE

Listed By: Jana Richards · License #2770 Show Phone

Source: Clearwaterproperties

Added: Oct 12 Changed: Oct 13 Last Checked: Oct 12 at 8:40PM

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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 Coldwell Banker Markovich RE

Investment Insights

Based on property information with market context.

This 5,584-square-foot medical office property at 209 S. Montana Street in Butte was built in 1927. Its interior includes a reception and waiting area, check-in counter, exam and office rooms, conference areas, a kitchen, and restrooms. The layout is arranged as two separate spaces, which may also be combined. Rear access includes an overhead garage door and connects to an alley; a paved parking lot is located across the alley on the west side of the building.

Key Highlights

• 5,584‑square‑foot medical office property, built in 1927
• Two separately arranged spaces that can be combined
• Reception and waiting area, check‑in counter, exam and office rooms, conference areas, kitchen, and restrooms

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$72,094

Cap Rate

5.55%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,441,880 $1.4M

Cap Rate 7%

$1,029,914 $1.0M

Cap Rate 9%

$801,044 $801.0K

Market Conditions

NOI Build-Up for 5,584 SF

Gross rent

$111.9K $20.04/SF

− Vacancy

−$15.8K −$2.83/SF

EGI

$96.1K $17.21/SF

− OpEx

−$24.0K −$4.30/SF

NOI

$72.1K $12.91/SF

Area

Silver Bow County, MT

Vacancy

14.10%

Lease Rate

$20.04 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,441,880

Cap Rate 7%

$1,029,914

Cap Rate 9%

$801,044

Alternative Uses

Best Use

Office B

$1.03M

$901.2K – $1.20M (±1% cap)

NOI $72,094 @ 7.0% cap · market cap 5.55%

Second Best

Healthcare Medical

$682.0K

$596.8K – $795.7K (±1% cap)

NOI $47,743 @ 7.0% cap · market cap 3.67%

Theoretical Best

Office A

$1.22M

$1.06M – $1.42M (±1% cap)

NOI $85,189 @ 7.0% cap · market cap 6.55%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Highland Family Chiropractic, ... Alternative Medicine Practice Diane Banks-Mohr Foster Care Service Edward Jones - Financial ... Financial Advisor

Suggested Use

Top Pick Auto Parts Store HVAC Service Carpet & Flooring Store Veterinary Clinic (Bike/Boat/Book/etc) Store Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

1,402

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 Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

Questions? Ask Rey

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What type of property is this? Where is this medical office space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Medical Office Space - C3-zoned premises include reception, exam rooms, conference areas, and a kitchen.

Where is this medical office space located?

The property is located at 209 Montana Butte, MT.

What is the asking price?

The asking price for this property is $1,300,000.

What are key features of this property?

This property features: 5,584‑square‑foot medical office property, built in 1927; Two separately arranged spaces that can be combined; Reception and waiting area, check‑in counter, exam and office rooms, conference areas, kitchen, and restrooms