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Property profile & analytics
OFF-MARKET
Office Spaces
22 Park St, Butte, MT 59701-1714
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US52-0908954
Property summary
AI-generated overview
This impressive commercial building, situated in the heart of Uptown Butte's revitalized area near the intersection of Park and Main Streets, presents a unique investment opportunity. The three-story structure (two above-grade floors plus a basement) offers 38,050 square feet of space, divided into four distinct condominiums. Condominium #1, encompassing 18,186 square feet, boasts a flexible layout ideal for a variety of uses, including retail, general offices, executive suites, and ample support spaces such as reception areas and breakrooms. Multiple bathrooms are also included within this unit. Several units are currently generating rental income
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1929
Total area
365 SF
Lot
0.48 ac (20,865 SF)
Zoning code
C-3
APN
01-1197-13-1-08-22-7000
UPID
US52-0908954
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
US Marine Corps Liaison Military Base
-
US Navy Processing Station Military Base
-
ALPENGLOW CLINIC Medical Clinic
-
Paper Projects Variety Shaq (Bike/Boat/Book/etc) Store
-
Speedy Dumpster Service Inc Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Icw Montana LLC · 4 yrs held
Icw Montana LLC
since 2022
1 recorded transaction
Zoning & alternative use
C-3 · Butte, MT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Butte submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Butte submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Assessed value
$236,123
Assessed 2023
Previous assessed
$234,536
+0.7% YoY
Land market value
$25,393
Improvement market value
$210,730
Total market value
$236,123
Applied tax rate
848.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1929
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
365 SF
Lot
0.48 ac (20,865 SF)
Zoning code
C-3
APN
01-1197-13-1-08-22-7000
UPID
US52-0908954
Jurisdiction
SILVER BOW
Zoning & alternative use
C-3 · Butte, MT
Zoning C-3 · permitted uses
C-3 · Butte, MT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Butte. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1929
Heating
YES
Cooling
Yes
Stories
1
Lot
0.48 ac
Current owner
From public records · entity-resolved
Icw Montana LLC
Entity
Mailing address
8 W PARK ST, BUTTE, MT 59701-1700
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 21, 2022
—
Icw Montana LLC
Winston Carter Welch
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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