Rudolph Condos Commercial
For Sale
$97,056
59 E Park Street D, Butte, MT 59701
Flexible commercial condo within Rudolph Condos in Uptown Butte, suited for retail, office, or creative use.
Property Size306 SF
Price / SF$317.18
Days on Market562
Property Features for 59 E Park Street D
General Information
Standard status
Active
Size
306 SF
Property subtype
Commercial
Zoning
C3
Building Details
Building Size
306 SF
Year Built
2024
Listing Agency:
Old Montana Land Company
(952) 567-1263
Listed By:
Chris Eastlund
(952) 567-1263
Source:
Outlaw
Added: Feb 5, 2025
Changed: Aug 19
Last Checked: Aug 21 at 4:13AM
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 Old Montana Land Company
Investment Insights
Based on property information with market context.
This for-sale commercial unit at Rudolph Condos offers flexible space intended to be tailored to a business’s needs. The property includes multiple layout options, along with the ability to build out to your liking, allowing for a custom approach to how the space is configured and finished.
The unit is located at 59 E Park Street D in Uptown Butte, MT 59701. The offering is positioned as a versatile commercial option for users looking for a downtown condominium-style footprint rather than a traditional single-tenant building.
For tenants, buyers, and operators, the most direct fit is for businesses that want control over their interior layout, whether the concept is retail, office, or a creative venture. Because the space is presented with multiple layout options and room for customization, it can accommodate a variety of functional setups while still maintaining a defined, commercial condominium product. If you’re evaluating a small, adaptable downtown location, this unit is worth reviewing in terms of how you plan to use and build out the space to meet your operating requirements.
The unit is located at 59 E Park Street D in Uptown Butte, MT 59701. The offering is positioned as a versatile commercial option for users looking for a downtown condominium-style footprint rather than a traditional single-tenant building.
For tenants, buyers, and operators, the most direct fit is for businesses that want control over their interior layout, whether the concept is retail, office, or a creative venture. Because the space is presented with multiple layout options and room for customization, it can accommodate a variety of functional setups while still maintaining a defined, commercial condominium product. If you’re evaluating a small, adaptable downtown location, this unit is worth reviewing in terms of how you plan to use and build out the space to meet your operating requirements.
Key Highlights
- Rudolph Condos flexible commercial condo in Uptown Butte
- Year built: 2024
- Multiple layout options available, with space that can be built out to your liking
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
$3,951
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
4.07%
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%
$79,020
$79.0K
Cap Rate 7%
$56,443
$56.4K
Cap Rate 9%
$43,900
$43.9K
Market Conditions
NOI Build-Up for 306 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
$6.1K $20.04/SF
− Vacancy
−$865 −$2.83/SF
EGI
$5.3K $17.21/SF
− OpEx
−$1.3K −$4.30/SF
NOI
$4.0K $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 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%
$79,020
Cap Rate 7%
$56,443
Cap Rate 9%
$43,900
Alternative Uses
Best Use
Office B
$56.4K
$49.4K – $65.9K
NOI $3,951 @ 7.0% cap · market cap 4.07%
Second Best
Retail
$44.7K
$39.1K – $52.2K
NOI $3,129 @ 7.0% cap · market cap 3.22%
Theoretical Best
Office A
$66.7K
$58.4K – $77.8K
NOI $4,668 @ 7.0% cap · market cap 4.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,330
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Creative space - Flexible commercial condo within Rudolph Condos in Uptown Butte, suited for retail, office, or creative use.
Where is this creative space located?
The property is located at 59 E Park Street D Butte, MT.
What is the asking price?
The asking price for this property is $97,056.
What are key features of this property?
This property features: Rudolph Condos flexible commercial condo in Uptown Butte; Year built: 2024; Multiple layout options available, with space that can be built out to your liking
