Flex Space with Rear
For Sale
$239,000
3350 Harrison Avenue, Butte, MT 59701
C2-zoned commercial property with open, adaptable interior space and additional parking behind the building.
Property Size1,441 SF
Price / SF$165.86
Days on Market13
Property Features for 3350 Harrison Avenue
General Information
Standard status
Active
Size
1,441 SF
Property subtype
Commercial
Zoning
C2
Taxes and HOA fees
Annual Taxes
$2,746
Amenities
extra parking
Building Details
Building Size
1,441 SF
Year Built
1941
Listing Agency:
Berkshire Hathaway Twin Bridge
(952) 567-1263
Listed By:
Chris Eastlund
(952) 567-1263
Source:
Outlaw
Added: Aug 18
Changed: Aug 30
Last Checked: Aug 30 at 7:27PM
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 Berkshire Hathaway Twin Bridge
Investment Insights
Based on property information with market context.
This flex space at 3350 Harrison Avenue features an open, adaptable interior that can accommodate a range of commercial layouts. The property includes additional parking at the rear and was built in 1941.
Located on Harrison Avenue in Butte, Montana, the property carries C2 zoning. Its flexible interior can support concepts such as retail, office, studio, spa, boutique, or other specialty commercial uses, subject to applicable approvals.
Located on Harrison Avenue in Butte, Montana, the property carries C2 zoning. Its flexible interior can support concepts such as retail, office, studio, spa, boutique, or other specialty commercial uses, subject to applicable approvals.
Key Highlights
- Open, adaptable commercial interior
- Additional parking located behind the building
- C2 zoning
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
$14,737
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
6.17%
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%
$294,740
$294.7K
Cap Rate 7%
$210,529
$210.5K
Cap Rate 9%
$163,744
$163.7K
Market Conditions
NOI Build-Up for 1,441 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
$21.6K $15.00/SF
− Vacancy
−$562 −$0.39/SF
EGI
$21.1K $14.61/SF
− OpEx
−$6.3K −$4.38/SF
NOI
$14.7K $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%
$294,740
Cap Rate 7%
$210,529
Cap Rate 9%
$163,744
Alternative Uses
Best Use
Retail
$210.5K
$184.2K – $245.6K
NOI $14,737 @ 7.0% cap · market cap 6.17%
Second Best
Industrial
$124.9K
$109.3K – $145.7K
NOI $8,743 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$314.1K
$274.8K – $366.4K
NOI $21,984 @ 7.0% cap · market cap 9.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
426
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 - C2-zoned commercial property with open, adaptable interior space and additional parking behind the building.
Where is this flex space located?
The property is located at 3350 Harrison Avenue Butte, MT.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: Open, adaptable commercial interior; Additional parking located behind the building; C2 zoning
