Flex Space at Rudolph
For Sale
$83,943
E-59 E Park St, Butte, MT 59701
Multiple layouts support customized commercial build-outs in Uptown Butte.
Property Size209 SF
Price / SF$401.64
Days on Market567
Property Features for E-59 E Park St
General Information
Standard status
Active
Size
209 SF
Listing Agency:
Engel & Volkers - Butte
(406) 498-5682
Listed By:
Trevor Bristol · License #99283
(406) 498-5682
Source:
Exprealty
Added: Feb 10, 2025
Changed: Aug 30
Last Checked: Aug 30 at 10:47PM
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 Engel & Volkers - Butte
Investment Insights
Based on property information with market context.
This flex space at Rudolph Condos offers a commercial setting that can be configured around a business’s requirements. Multiple layout options allow for a tailored build-out rather than a fixed arrangement, while the property combines historic character with modern amenities.
Located on E Park St in Uptown Butte, the space is offered for sale and is positioned for businesses seeking a flexible commercial presence. The property information identifies potential applications including retail, office, and creative uses.
Located on E Park St in Uptown Butte, the space is offered for sale and is positioned for businesses seeking a flexible commercial presence. The property information identifies potential applications including retail, office, and creative uses.
Key Highlights
- Flexible commercial space within Rudolph Condos
- Multiple layout options support customized build‑outs
- Historic character paired with modern amenities
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
Current Use
Location Intelligence
Trade Area within ½ mile
1,470
Businesses Nearby
Balanced
Demand for This Use
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.
Similar Off Market Nearby
- Pintler View Catering — 400 S Clark St, Butte, MT 59701
- Saffron — 217 W Park St, Butte, MT 59701
- Metals Sports Bar and Grill — 8 W Park St, Butte, MT 59701
Frequently Asked Questions
What type of property is this?
Flex space - Multiple layouts support customized commercial build-outs in Uptown Butte.
Where is this flex space located?
The property is located at E-59 E Park St 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: Flexible commercial space within Rudolph Condos; Multiple layout options support customized build‑outs; Historic character paired with modern amenities
