Building Details

Building Size 2,760 SF

Year Built 2006

Listing Agency: RE/MAX Legacy Show Phone

Listed By: Chris Eastlund Show Phone

Source: Outlaw

Added: Jul 18 Changed: Sep 30 Last Checked: Oct 9 at 6:05PM

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Investment Insights

Based on property information with market context.

This flex property combines office space with shop areas in a 2,760± square foot building. The configuration supports administrative functions alongside hands-on commercial work, while the surrounding site adds room for business-related activities beyond the building. The property is located in Butte on a 26,920± square foot lot.

The site can accommodate parking, equipment storage, and outdoor workspace, subject to applicable requirements. Its combination of enclosed office and shop space with substantial outdoor area provides a practical setting for a range of commercial operations requiring both work areas and yard capacity.

Key Highlights

• 2,760± sq. ft. building with office and shop areas
• 26,920± sq. ft. lot in Butte
• Site area supports parking, equipment storage, and outdoor workspace

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$35,634

Cap Rate

6.20%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$712,680 $712.7K

Cap Rate 7%

$509,057 $509.1K

Cap Rate 9%

$395,933 $395.9K

Market Conditions

NOI Build-Up for 2,760 SF

Gross rent

$55.3K $20.04/SF

− Vacancy

−$7.8K −$2.83/SF

EGI

$47.5K $17.21/SF

− OpEx

−$11.9K −$4.30/SF

NOI

$35.6K $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%

$712,680

Cap Rate 7%

$509,057

Cap Rate 9%

$395,933

Alternative Uses

Best Use

Office B

$509.1K

$445.4K – $593.9K (±1% cap)

NOI $35,634 @ 7.0% cap · market cap 6.20%

Second Best

Industrial

$239.2K

$209.3K – $279.1K (±1% cap)

NOI $16,745 @ 7.0% cap · market cap 2.91%

Theoretical Best

Office A

$601.5K

$526.3K – $701.8K (±1% cap)

NOI $42,106 @ 7.0% cap · market cap 7.32%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Big Bear Repair Auto Repair Shop

Suggested Use

Top Pick Auto Parts Store HVAC Service Grocery & Convenience Store Storage Facility Carpet & Flooring Store Veterinary Clinic

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

Location Intelligence

Trade Area within ½ mile

933

Businesses Nearby

Balanced

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

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex 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?

Flex space - Combined administrative and work areas with an expansive lot for parking, equipment storage, or outdoor operations.

Where is this flex space located?

The property is located at 24 S Ohio Butte, MT.

What is the asking price?

The asking price for this property is $575,000.

What are key features of this property?

This property features: 2,760± sq. ft. building with office and shop areas; 26,920± sq. ft. lot in Butte; Site area supports parking, equipment storage, and outdoor workspace