Flexible Commercial Condo
For Sale
$97,056
59 E Park Street D, Butte, MT 59701
Commercial Sale, Other - Butte, MT
Property Size306 SF
Price / SF$317.18
Days on Market71
Property Features for 59 E Park Street D
General Information
Property type
Commercial Sale
Property subtype
Condominium
Zoning
C3
EntryLevel
D
Subdivision
None
Directions
GPS Will take you there
Standard status
Active
APN
TBD
Size
306 SF
Building Details
Year built
2024
Architectural style
Other
Builder Name
langlas Construction / Ensitio Desgin
Listing Agency:
Engel & Völkers Butte
(406) 565-4935
Listed By:
Trevor Bristol
(406) 498-5682
Added: Jun 12
Changed: Jul 15
Last Checked: Aug 21 at 9:06AM
MLS# 399363
Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This offering is a flexible commercial condo space within the Rudolph Condos, with multiple layout options and the ability to tailor the build-out to support a specific business concept. The unit is sized at 306 square feet and is positioned to accommodate a range of small-scale uses, including retail, office, and creative operations.
The property is located at 59 E Park Street D in Butte, Montana, in Uptown Butte. As a C3 zoned commercial property, it is designed for uses aligned with that zoning category.
For tenants, buyers, or operators seeking a compact footprint with adaptable configuration options, this unit provides a practical platform to establish or expand a retail, office, or creative space. The combination of a small, manageable size and the stated flexibility in layouts can be helpful for businesses looking to customize their interior plan within the condo setting.
The property is located at 59 E Park Street D in Butte, Montana, in Uptown Butte. As a C3 zoned commercial property, it is designed for uses aligned with that zoning category.
For tenants, buyers, or operators seeking a compact footprint with adaptable configuration options, this unit provides a practical platform to establish or expand a retail, office, or creative space. The combination of a small, manageable size and the stated flexibility in layouts can be helpful for businesses looking to customize their interior plan within the condo setting.
Key Highlights
- Year built: 2024
- Rudolph Condos offers flexible commercial spaces with multiple layout options
- Suitable for retail, office, or creative ventures
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 - Small C3 zoned condo unit in Rudolph Condos, 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: Year built: 2024; Rudolph Condos offers flexible commercial spaces with multiple layout options; Suitable for retail, office, or creative ventures
