Listing Agency: Engel & Volkers - Butte b***@evrealestate.com Show Phone

Listed By: Trevor Bristol · License #99283 Show Phone

Source: Exprealty

Added: Feb 5, 2025 Changed: Oct 8 Last Checked: Oct 19 at 7:37AM

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Investment Insights

Based on property information with market context.

Commercial space at A-59 E Park St within the Rudolph Condos features flexible layouts with multiple unit options. The offering is presented as adaptable to a tenant’s or buyer’s build-out preferences, with the space positioned for retail, office, or creative ventures.

According to the property remarks, the location is in Uptown Butte, and the space is marketed around visibility and foot traffic. The concept also emphasizes a blend of historic character with modern amenities.

If you’re looking for a commercial unit that can accommodate different interior configurations, this Rudolph Condos option is structured around that flexibility and the ability to tailor the space to your use.

Key Highlights

• Commercial units in the Rudolph Condos with multiple layout options
• Flexible space suited for retail, office, or creative ventures
• Located in Uptown Butte within the Rudolph Condos

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,234

Cap Rate

6.05%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$264,680 $264.7K

Cap Rate 7%

$189,057 $189.1K

Cap Rate 9%

$147,044 $147.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,025 SF

Gross rent

$20.5K $20.04/SF

− Vacancy

−$2.9K −$2.83/SF

EGI

$17.6K $17.21/SF

− OpEx

−$4.4K −$4.30/SF

NOI

$13.2K $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 Rate 5%

$264,680

Cap Rate 7%

$189,057

Cap Rate 9%

$147,044

Alternative Uses

Best Use

Office B

$189.1K

$165.4K – $220.6K (±1% cap)

NOI $13,234 @ 7.0% cap · market cap 6.05%

Second Best

Retail

$149.8K

$131.0K – $174.7K (±1% cap)

NOI $10,483 @ 7.0% cap · market cap 4.79%

Theoretical Best

Office A

$223.4K

$195.5K – $260.6K (±1% cap)

NOI $15,637 @ 7.0% cap · market cap 7.14%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Real Estate Agency Auto Parts Store Big Box & Wholesale Store Storage Facility HVAC Service Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,470

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

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

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Frequently Asked Questions

What type of property is this?

Office unit - Commercial units within Rudolph Condos offer multiple layout options for retail, office, or creative uses.

Where is this office unit located?

The property is located at A-59 E Park St Butte, MT.

What is the asking price?

The asking price for this property is $218,880.

What are key features of this property?

This property features: Commercial units in the Rudolph Condos with multiple layout options; Flexible space suited for retail, office, or creative ventures; Located in Uptown Butte within the Rudolph Condos