Historic District Assisted Living
For Sale
$450,000
24 E Copper St E, Butte, MT 59701
Built in 2008, the facility is near shops, restaurants, and businesses in the uptown area.
Property Size5,454 SF
Price / SF$82.51
Days on Market77
Property Features for 24 E Copper St E
General Information
Standard status
Active
Size
5,454 SF
Property subtype
Commercial
Zoning
C3
Taxes and HOA fees
Annual Taxes
$1,567
Building Details
Building Size
5,454 SF
Year Built
2008
Listing Agency:
Coldwell Banker Distinctive Pr
(406) 539-6060
Listed By:
Michael Pitcairn
(406) 539-6060
Source:
Outlaw
Added: Jun 16
Changed: Aug 29
Last Checked: Aug 30 at 2:24PM
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 Coldwell Banker Distinctive Pr
Investment Insights
Based on property information with market context.
This 5,454-square-foot assisted living facility at 24 E Copper St E in Butte, Montana, was built in 2008 and currently operates as a supportive living facility. The property carries C3 zoning and is situated within the historic district.
The location provides pedestrian access to the uptown area, including nearby shops, restaurants, and businesses. The existing healthcare-oriented use and building configuration provide a defined operating context for an assisted living facility.
The location provides pedestrian access to the uptown area, including nearby shops, restaurants, and businesses. The existing healthcare-oriented use and building configuration provide a defined operating context for an assisted living facility.
Key Highlights
- 5,454‑square‑foot assisted living facility
- Currently operates as a supportive living facility
- Built in 2008
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
$33,477
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
7.44%
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%
$669,540
$669.5K
Cap Rate 7%
$478,243
$478.2K
Cap Rate 9%
$371,967
$372.0K
Market Conditions
NOI Build-Up for 5,454 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
$65.4K $12.00/SF
− Vacancy
−$4.6K −$0.84/SF
EGI
$60.9K $11.16/SF
− OpEx
−$27.4K −$5.02/SF
NOI
$33.5K $6.14/SF
Area
Silver Bow County, MT
Vacancy
7.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
45.00%
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%
$669,540
Cap Rate 7%
$478,243
Cap Rate 9%
$371,967
Alternative Uses
Best Use
Apartment 5plus
$478.2K
$418.5K – $558.0K
NOI $33,477 @ 7.0% cap · market cap 7.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,205 @ 7.0% cap · market cap 18.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,248
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Assisted living facility - Built in 2008, the facility is near shops, restaurants, and businesses in the uptown area.
Where is this assisted living facility located?
The property is located at 24 E Copper St E 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: 5,454‑square‑foot assisted living facility; Currently operates as a supportive living facility; Built in 2008
