Flexible Commercial Condo
For Sale
$83,943
59 E Park Street E, Butte, MT 59701
Commercial Sale, Other - Butte, MT
Property Size209 SF
Price / SF$401.64
Days on Market60
Property Features for 59 E Park Street E
General Information
Property type
Commercial Sale
Property subtype
Condominium
Zoning
C3
EntryLevel
E
Directions
GPS Will take you there
Standard status
Active
APN
TBD
Size
209 SF
Building Details
Architectural style
Other
Listing Agency:
Engel & Völkers Butte
(406) 565-4935
Listed By:
Trevor Bristol
(406) 498-5682
Added: Jun 12
Changed: Jul 15
Last Checked: Aug 10 at 9:06AM
MLS# 399365
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 located in the Rudolph Condos and presents flexible commercial space with multiple layout options, with room for build-out to match a tenant’s needs. The space is being marketed as suitable for a variety of uses including retail, office, or creative ventures.
The property is zoned C3 and is situated at 59 E Park Street E in Butte, Montana (Silver Bow County). According to the public remarks, the location is positioned for visibility and foot traffic within the Uptown Butte area.
With a listed size of 209 square feet, this is a compact commercial unit appropriate for businesses looking for flexibility in how the space is arranged.
The property is zoned C3 and is situated at 59 E Park Street E in Butte, Montana (Silver Bow County). According to the public remarks, the location is positioned for visibility and foot traffic within the Uptown Butte area.
With a listed size of 209 square feet, this is a compact commercial unit appropriate for businesses looking for flexibility in how the space is arranged.
Key Highlights
- Commercial space available in the Rudolph Condos
- Offers multiple layout options to fit different business needs
- Located in Uptown Butte
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
$2,698
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
3.21%
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%
$53,960
$54.0K
Cap Rate 7%
$38,543
$38.5K
Cap Rate 9%
$29,978
$30.0K
Market Conditions
NOI Build-Up for 209 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
$4.2K $20.04/SF
− Vacancy
−$591 −$2.83/SF
EGI
$3.6K $17.21/SF
− OpEx
−$899 −$4.30/SF
NOI
$2.7K $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%
$53,960
Cap Rate 7%
$38,543
Cap Rate 9%
$29,978
Alternative Uses
Best Use
Office B
$38.5K
$33.7K – $45.0K
NOI $2,698 @ 7.0% cap · market cap 3.21%
Second Best
Retail
$30.5K
$26.7K – $35.6K
NOI $2,137 @ 7.0% cap · market cap 2.55%
Theoretical Best
Office A
$45.5K
$39.9K – $53.1K
NOI $3,188 @ 7.0% cap · market cap 3.80%
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Flexible commercial condo space in a C3 zone, offered for retail, office, or creative uses.
Where is this office units located?
The property is located at 59 E Park Street E Butte, MT.
What is the asking price?
The asking price for this property is $83,943.
What are key features of this property?
This property features: Commercial space available in the Rudolph Condos; Offers multiple layout options to fit different business needs; Located in Uptown Butte
