Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    221 Main St Butte, MT 59701

    • Commercial real estate
    • 1,293 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • High on the Hill / Cannabis Store
    • Thermotech Home Improvement / Insulation Contractor

    Property Details for 221 Main St

    Year built
    1955
    Lot size
    0.17 lot acres
    Property size
    1,293 SF
    Property type
    Commercial real estate

    Description

    This exceptional 1,293 square foot commercial property, located at 221 N Main Street in Butte, Montana, presents a unique investment opportunity. Situated on a 0.17-acre lot, this versatile space offers significant potential for a variety of businesses. The property's key feature is a valuable attached garage, adding considerable utility and convenience. Its prime location on Main Street in Butte ensures high visibility and accessibility, making it an attractive option for businesses seeking a strong presence in the community. The asking price is $110,000. This represents a compelling opportunity to acquire a well-situated commercial property with significant upside potential. The building's size and the inclusion of the attached garage provide ample space for operations and storage. The property's central location within Butte offers easy access to local amenities, transportation routes, and a thriving customer base. This is a rare chance to secure a well-priced commercial property in a desirable location, ready for immediate occupancy and poised for future growth. Serious inquiries are encouraged to explore this exciting opportunity further.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Butte
    County
    Silver Bow
    State
    Montana
    Longitude
    -112.536
    Latitude
    46.0147

    Comparable in this City

    • Value Estimation by Request

      Tbd Copper

      Land
      0 Tbd Copper, Butte, MT 59701
      View Details
    • Value Estimation by Request

      3313 Monroe Ave

      Land
      3313 Monroe Ave, Butte, MT 59701
      View Details
    • Value Estimation by Request
      18.47 Acres

      Tbd Hyde Park American #7207

      Land • 18.47 Acres
      0 Tbd Hyde Park American #7207, Butte, MT 59701
      View Details
    • Value Estimation by Request
      9.21 Acres

      Tbd Basin Crk Rd

      Land • 9.21 Acres
      0 Tbd Basin Crk Rd, Butte, MT 59701
      View Details
    • Value Estimation by Request

      Butte, MT 59701

      COMMERCIAL (GENERAL)
      Butte, MT 59701
      View Details
    • Value Estimation by Request
      0.09 Acres

      Butte, MT 59701

      COMMERCIAL (GENERAL) • 0.09 Acres
      Butte, MT 59701
      View Details

    Similar Nearby for Sale

    • $150,000

      Butte Commercial Land - 1.03 Acres

      Prime Butte location, build your business!
      0 Tbd Paxson Ave, Butte, MT 59701
      View Details
    • $1,800,000
      0.50 Acres

      Incredible Investment Opportunity in Butte, MT for Sale

      Multifamily properties • 8,916 SF
      521 Dakota St, Butte, MT 59701
      View Details
    • $942,000
      157.00 Acres

      Prime Butte Commercial Land

      157 Acres, $942,000 - Montana
      0 Tbd Mdw Gulch Rd, Butte, MT 59701
      View Details
    • $1,800,000
      4.25 Acres

      Butte Commercial Land - 4.25 Acres

      Prime Butte commercial land, ideal for development.
      0 Tbd Longfellow St, Butte, MT 59701
      View Details
    • $850,000

      125 Main St, Butte, MT 59701

      Commercial real estate
      125 Main St, Butte, MT 59701
      View Details
    • $300,000
      40.91 Acres

      Butte Commercial Land: 40 Acres

      Prime Montana commercial land, 40.91 acres.
      600 Haggin Vw Rd, Butte, MT 59701
      View Details

    Similar Nearby for Lease

    • $0.02 SF/Yr
      7,461 SF

      Uptown Butte Office Space For Lease

      Prime Butte location, 7,461 sq ft office/retail.
      206 Granite St, Butte, MT 59701
      View Details
    • $16 SF/Yr
      1,533 SF

      Updated Retail Space For Rent

      1,533 SF retail space with recent updates and frontage.
      3336 Harrison Ave, Butte, MT 59701
      View Details
    • $15 SF/Yr
      2,427 SF

      Iconic Office Space in Butte

      Turn-key office space in Butte's vibrant Uptown district.
      130 N Main St, Butte, MT 59701
      View Details
    • $15 SF/Yr
      532 SF

      Hennessy Building Office Space

      Prime uptown Butte location with flexible commercial space.
      130 N Main St, Butte, MT 59701
      View Details
    • $12 SF/Yr
      5,500 SF

      Butte Warehouse: Prime Harrison Ave. Location

      5,500 SF Warehouse - Single Tenant Available
      3544 Harrison Ave, Butte, MT 59701
      View Details
    • $15 SF/Yr
      1,308 SF

      Uptown Butte Commercial Suite

      Versatile commercial space in a distinguished historic landmark.
      130 N Main St, Butte, MT 59701
      View Details
    Request Owner's contact information
    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.
    221 Main 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
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.