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    3313 Monroe Ave Butte, MT 59701
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    3313 Monroe Ave Butte, MT 59701

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    • Commercial land
    For Sale
    $180,000
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    Prime Commercial Lot in Butte For Sale
    $180,000

    Prime Commercial Lot in Butte

    Commercial lot in thriving Butte, Montana, near Harrison Avenue.

    3313 Monroe Avenue, Butte, MT 59701
    View Listing
    Property ID
    US52-0776101
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 3313 Monroe Ave

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    Butte is a thriving community with a growing economy. Investing in this prime location is a smart move to capitalize on the city's expansion and development opportunities. Don't miss the chance to secure this prime commercial lot in Butte, Montana. With an unbeatable location one block off Harrison Avenue and traffic from other local businesses such as Mackenzie River Pizza, Rocky Mountain Car Wash and Mile High Credit Union, this property offers endless potential for your business venture.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Butte
    County
    Silver Bow
    State
    Montana
    Longitude
    -112.5072916
    Latitude
    45.9768942

    Comparable in this City

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      Commercial Lot in Uptown Butte

      Vacant 4,356 sq. ft. lot in Uptown Butte.
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      Corner Lot in Butte, MT

      Commercial land available on the corner of Rowe Road and Hobson.
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      Butte Land with Development Potential

      Vacant land in Butte, MT, with mixed zoning.
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    • $180,000

      Prime Commercial Lot in Butte

      Unbeatable location with endless potential for business venture.
      3313 Monroe Ave, Butte, MT 59701
      View Details

    Similar Nearby for Sale

    • $470,000
      1.77 Acres

      Butte Commercial Land For Sale

      1.77 acre commercial lot in Butte, Montana.
      2902 Hansen Rd, Butte, MT 59701
      View Details
    • $259,900
      Pending

      Expansive Land Parcel in Butte, MT

      20.613-acre parcel near Butte with development potential and mountain views.
      Butte, MT 59701
      View Details
    • $89,000
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      Commercial Lot in Uptown Butte

      Vacant 4,356 sq. ft. lot in Uptown Butte.
      313 S Arizona St, Butte, MT 59701
      View Details
    • $40,000
      0.28 Acres

      Corner Lot in Butte, MT

      Commercial land available on the corner of Rowe Road and Hobson.
      Parrot St, Butte, MT 59701
      View Details
    • $70,000
      0.21 Acres

      Butte Land with Development Potential

      Vacant land in Butte, MT, with mixed zoning.
      Daly St, Butte, MT 59701
      View Details
    • $180,000

      Prime Commercial Lot in Butte

      Unbeatable location with endless potential for business venture.
      3313 Monroe Ave, Butte, MT 59701
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Harrison Avenue Retail/Office Space

      Office and retail space in a well-known location.
      1230 Harrison Ave, Butte, MT 59701
      View Details
    • Contact for pricing
      5,200 SF

      Butte Retail Space Available

      Retail space for rent in historic Uptown Butte.
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      Updated Commercial Space in Butte

      Modern 5,200+/- sq ft space in Historic Uptown Butte.
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      Uptown Butte Commercial Suite

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    • $15 SF/Yr
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      Hennessy Building Office Space

      Move-in-ready office space in historic Butte landmark.
      130 N Main St, Butte, MT 59701
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    • $15 SF/Yr
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      Historic Hennessy Building Office Space

      Versatile 3,746 sq ft space in Uptown Butte landmark.
      130 N Main St, Butte, MT 59701
      View Details
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    Butte, MT 59701
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    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
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