Flex Space with
New
For Sale
$2,400,000
45 Basin Creek Road, Butte, MT 59701
Adaptable commercial facility with office, laboratory, garage, storage, and fenced yard components.
Property Size24,684 SF
Lot Size4.00 Acres
Price / SF$97.23
Days on Market2
Property Features for 45 Basin Creek Road
General Information
Standard status
Active
Size
24,684 SF
Total Parking Spaces
40
Lot size
4.00 Acres
Zoning
M-1
Site & Location
Road Access
Yes
Fenced Yard
Yes
Utilities to Site
Yes
Warehouse & Industrial
Warehouse Space
5,049 SF
Office Build-Out
19,635 SF
Amenities
security system
generator
Building Details
Building Size
24,684 SF
Year Built
2000
Buildings
1
Listing Agency:
Engel & Völkers Western Frontier - Missoula
Listed By:
Dawn Maddux · License #RRE-BRO-LIC-31860
(406) 550-4131
Source:
Purewestrealestate
Added: Sep 2
Last Checked: Sep 2 at 2:05PM
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 Engel & Völkers Western Frontier - Missoula
Investment Insights
Based on property information with market context.
This M-1-zoned flex property contains 24,684 square feet across approximately 4 acres, with approximately 19,635 square feet of office area and 5,049 square feet dedicated to garage and storage functions. The facility includes a chemistry laboratory, oversized IT room with floating floor, reception areas, multiple bathrooms, security system, overhead doors, storage areas, and a truck bay. Building systems include central air conditioning, gas forced-air heat, natural gas, public water and sewer, and a generator.
The level site provides 40 parking spaces, additional parking availability, a fenced yard along the west side, underground sprinklers, and asphalt access from both city and county roads. Mountain views frame the property, which is positioned just south of the Highlands College campus in Butte, Montana. The building’s combination of office, technical, garage, and storage areas supports a range of business operations requiring substantial dedicated space and infrastructure.
The level site provides 40 parking spaces, additional parking availability, a fenced yard along the west side, underground sprinklers, and asphalt access from both city and county roads. Mountain views frame the property, which is positioned just south of the Highlands College campus in Butte, Montana. The building’s combination of office, technical, garage, and storage areas supports a range of business operations requiring substantial dedicated space and infrastructure.
Key Highlights
- 24,684 square feet on approximately 4 acres
- Approximately 19,635 square feet of office space and 5,049 square feet of garage and storage space
- Chemistry laboratory and oversized IT room with floating floor
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
$149,762
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
6.24%
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%
$2,995,240
$3.0M
Cap Rate 7%
$2,139,457
$2.1M
Cap Rate 9%
$1,664,022
$1.7M
Market Conditions
NOI Build-Up for 24,684 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
$231.0K $9.36/SF
− Vacancy
−$17.1K −$0.69/SF
EGI
$213.9K $8.67/SF
− OpEx
−$64.2K −$2.60/SF
NOI
$149.8K $6.07/SF
Area
Silver Bow County, MT
Vacancy
7.40%
Lease Rate
$9.36 /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%
$2,995,240
Cap Rate 7%
$2,139,457
Cap Rate 9%
$1,664,022
Alternative Uses
Best Use
Office B
$4.55M
$3.98M – $5.31M
NOI $318,689 @ 7.0% cap · market cap 13.28%
Second Best
Industrial
$2.14M
$1.87M – $2.50M
NOI $149,762 @ 7.0% cap · market cap 6.24%
Theoretical Best
Office A
$5.38M
$4.71M – $6.28M
NOI $376,575 @ 7.0% cap · market cap 15.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
62
Businesses Nearby
Well-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
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 - Adaptable commercial facility with office, laboratory, garage, storage, and fenced yard components.
Where is this flex space located?
The property is located at 45 Basin Creek Road Butte, MT.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 24,684 square feet on approximately 4 acres; Approximately 19,635 square feet of office space and 5,049 square feet of garage and storage space; Chemistry laboratory and oversized IT room with floating floor
