Remodeled Commercial Building with Expansion
For Sale
Contact for pricing
900 S Washington Street, Butte, MT 59701
Newly remodeled, ADA-compliant commercial building with expansion potential.
Property Size1,152 SF
Price / SF$238.72
Days on Market917
Property Features for 900 S Washington Street
General Information
Standard status
Active
Size
1,152 SF
Property subtype
Mixed Use, Office
Zoning
M1
Building Details
Year Built
2004
Listing Agency:
Berkshire Hathaway HomeServices Montana Properties
(406) 498-6465
Listed By:
Airika Lakkala · License #RRE-BRO-LIC-61841
Source:
Crexi
Added: Feb 17, 2024
Changed: Aug 21
Last Checked: Aug 14 at 5:58AM
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 Berkshire Hathaway HomeServices Montana Properties
Investment Insights
Based on property information with market context.
This newly remodeled commercial building has been meticulously transformed from top to bottom. The property features new sheetrock, windows, paint, and flooring, creating a modern ambiance throughout. Designed with inclusivity in mind, it is ADA compliant and includes a fully handicap-accessible restroom. The layout features a versatile reception area suitable for retail or front office use, complemented by two private offices for enhanced privacy and productivity. A small shop area provides ample room to park small equipment or store supplies, catering to diverse business needs. The property includes new plumbing and electrical systems, with existing wiring for future A/C and security system/camera setup. Ample parking facilitates easy access for both employees and clients. The expansive layout allows for future expansion, providing flexibility to accommodate evolving business requirements and growth. The gravel parking lot improvements have been completed as of October 2024. The property size is 1152 square feet.
Key Highlights
- Completely remodeled with new sheetrock, windows, paint, and flooring
- ADA compliant with handicap‑accessible restroom
- Versatile reception area suitable for retail or front office
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
$9,331
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
3.39%
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%
$186,620
$186.6K
Cap Rate 7%
$133,300
$133.3K
Cap Rate 9%
$103,678
$103.7K
Market Conditions
NOI Build-Up for 1,152 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
$16.6K $14.40/SF
− Vacancy
−$1.7K −$1.44/SF
EGI
$14.9K $12.96/SF
− OpEx
−$5.6K −$4.86/SF
NOI
$9.3K $8.10/SF
Area
Silver Bow County, MT
Vacancy
10.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
37.50%
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%
$186,620
Cap Rate 7%
$133,300
Cap Rate 9%
$103,678
Alternative Uses
Best Use
Mixed Use
$133.3K
$116.6K – $155.5K
NOI $9,331 @ 7.0% cap · market cap 3.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$251.1K
$219.7K – $292.9K
NOI $17,575 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
741
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Newly remodeled, ADA-compliant commercial building with expansion potential.
Where is this mixed-use property located?
The property is located at 900 S Washington Street Butte, MT.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Completely remodeled with new sheetrock, windows, paint, and flooring; ADA compliant with handicap‑accessible restroom; Versatile reception area suitable for retail or front office
