Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    628 Montana St Butte, MT 59701

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    6,621 sq ft commercial lot, R3 zoning.

    Property Features for 628 Montana St

    General Information

    Property type
    Land

    We can help!

    Listing Contact
    Jennifer Plute
    Jennifer Plute

    Listing Agency: Fort and Home Realty Listing Agent: Jennifer Plute

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 6,621 square foot commercial land parcel presents a remarkable development opportunity in Butte, Montana. Located at 628 S Montana Street, this vacant lot is ideally situated on a bustling thoroughfare, offering convenient access from both Montana Street and a rear alley. The R3 zoning allows for a variety of development possibilities, making it an attractive proposition for both experienced developers and forward-thinking investors. The property's size and location provide ample space for a range of projects, catering to the needs of a growing community. Its strategic position ensures high visibility and easy accessibility, enhancing its potential for future success. The asking price for this prime development site is $52,000. This represents a compelling investment opportunity in a dynamic market. The property's address is verified as 628 S Montana Street, Butte, MT 59701, within Silver Bow County. Don't miss this chance to acquire a piece of Butte's vibrant commercial landscape. Act quickly to secure this exceptional property and capitalize on its significant potential. The lot's convenient access and versatile zoning make it a truly unique opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Butte
    County
    Silver Bow
    State
    Montana
    Longitude
    -112.538634
    Latitude
    46.006163

    Nearby Similar for Sale

    • $2,900,000
      0.10 Acres

      Historic Mixed-Use Investment Opportunity

      Renovated mixed-use property in Uptown Butte with immediate income.
      140 Park St W, Butte, MT 59701
      View Details
    • $1,999,999
      0.36 Acres

      Uptown Butte Commercial Opportunity

      Expansive 50,000+ sqft space in the heart of Uptown.
      68 W Broadway St, Butte, MT 59701
      View Details
    • $1,999,999
      51,179 SF

      Uptown Butte Commercial Opportunity

      Expansive 50,000+ sqft property suitable for redevelopment in Butte.
      68 W Broadway St W, Butte, MT 59701
      View Details
    • $2,750,000
      37,032 SF

      Butte Mixed-Use Commercial Building

      Move-in ready, versatile 37,000+ sq ft commercial building with parking.
      25 W Granite St W, Butte, MT 59701
      View Details
    • $850,000
      0.17 Acres

      Butte Multifamily Investment Portfolio

      Seven income-producing properties in Butte and Anaconda, Montana.
      1017 Utah Ave, Butte, MT 59701
      View Details
    • $370,000
      Pending

      Uptown Butte Duplex Investment Opportunity

      Well-maintained duplex in Uptown Butte, ideal for investors.
      515 S Idaho St, Butte, MT 59701
      View Details
    • $725,000

      Renovated Four-Unit Income Property

      Turn-key investment property in Uptown Butte with strong rental income.
      315-321 N Washington St, Butte, MT 59701
      View Details
    • $600,000
      2,941 SF

      Established Butte Business Opportunity

      Iconic Butte business for sale with growth potential.
      1921 Harrison Ave, Butte, MT 59701
      View Details
    • $5,000,000
      0.20 Acres

      Revitalized Mixed-Use Gem in Butte

      Turnkey mixed-use property with residential and commercial spaces.
      59 E Park St, Butte, MT 59701
      View Details
    • $5,000,000

      Revitalized Mixed-Use Gem in Butte

      Turnkey mixed-use property with residential and commercial spaces in Butte.
      59 E Park St, Butte, MT 59701
      View Details
    • $284,000

      Butte Duplex Investment Opportunity

      Spacious duplex near Montana Tech with immediate rental income.
      654 S Main St, Butte, MT 59701
      View Details
    • $599,000
      Pending

      Butte Fourplex Near Uptown Amenities

      Well-maintained fourplex in Uptown Butte with strong rental history.
      423 S Dakota St, Butte, MT 59701
      View Details

    FAQs

    What type of property is this?
    Land - 6,621 sq ft commercial lot, R3 zoning.
    Where is this land located?
    The property is located at 628 Montana St Butte, MT.
    What is the asking price?
    The asking price for this property is $52,000.
    What are key features of this property?
    This property features: 6,621 SF commercial lot in Butte, MT.; Located at 628 S Montana St, with alley access.; R3 zoning allows diverse development options.
    (406) 490-6146 Call to check price and availability
    Request Owner's contact information
    628 Montana St Butte, MT 59701
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    628 Montana St
    Butte, MT 59701
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    628 Montana St Butte, MT 59701
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jennifer Plute
    Jennifer Plute
    Real Estate License ID: 79751
    (406) 490-6146 (406) 299-3500
    Learn more
    Google sign-in failed. Please try again or use another login method.