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    Prime Office/Flex Space Opportunity Title is generated by Realmo AI

    2747 Enterprise #5 Avenue, Billings, MT 59102

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    For Sale
    $999,000

    SINGLE_FAMILY - Billings, MT

    Type:Office
    Property size:
    7,145 SF
    Lot size:
    0.16 Acres
    Price / SF:
    $139/SF
    Added:
    May 22, 2026
    Days on Market:
    16
    Last Refresh:
    Jun 6 at 8:06 pm

    Property Features for 2747 Enterprise #5 Avenue

    General Information

    Property type
    Residential
    Property subtype
    Office
    Parking features
    Parking Lot
    Appliances
    Refrigerator
    Standard status
    Active
    APN
    C11647E
    Size
    7,145 SF
    Lot size
    0.16 Acres

    Taxes and HOA fees

    Tax Description
    ENTERPRISE CENTER (14), S13, T01 S, R25 E, BUILDING 2747, UNIT 5, 16.28% COMMON AREA INTEREST, LOC @ LTS 12-13, BLK 2 CLAIMSTAKE SUB
    Tax Annual Amount
    9671

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2002
    Floors in Building
    1
    Building materials
    MetalSiding
    Roof type
    Metal

    We can help!

    Listing Contact
    Lauren Bond
    Lauren Bond

    Listing agent Lauren Bond License #RRE-BRO-LIC-54002

    Listing office THE Agency Montana 2139 Broadwater Ave, Ste G, BILLINGS, MT

    Listing date May 22, 2026

    MLS# 358911

    Copyright © 2026 Billings Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Large office space: 6,345 sq ft office + 800 sq ft flex/warehouse.
    • Subdividable: Property can be split into 2 units with separate entrances and utilities.
    • Prime location: Tucked away off King Ave and Gabel Rd, near retail.
    • ADA compliant: Zero entry, accessible design.
    • Low‑maintenance: HOA covers exterior maintenance, water, sewer, trash, and insurance for $395/month.
    • Flex/warehouse space: Includes finished 800 sq ft warehouse with 12' overhead door.

    Overview

    This property offers a prime office and flex space opportunity, situated just off the King Ave retail corridor and Gabel Rd, behind Home Depot. The building features 6,345 square feet of office space complemented by 800 square feet of finished flex/warehouse area, accessible via a 12-foot overhead door. The ceilings range from 13 to 16 feet in height. The layout includes 11 private offices and multiple large rooms. Designed with accessibility in mind, the property has zero entry/steps and is ADA compliant. It features a large reception waiting room, plus a separate second waiting room on the side of the building. Additional amenities include a kitchen break room and a fenced patio with a turfed yard for low maintenance. The property can be divided into two units, with two front doors, two electric meters, and three furnaces already in place. The well-managed HOA provides stress-free ownership for $395 per month, covering water, sewer, trash, exterior building/common grounds/parking lot maintenance, and insurance. The property is located in Billings, Montana. The lot size is 0.1642 acres. The total property size is 7,145 square feet. The HOA includes water, sewer, trash, exterior building, common grounds, and parking lot maintenance and insurance.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $124.3k $17.40
    − Vacancy −$19.9k −$2.78
    EGI $104.4k $14.62
    − OpEx −$26.1k −$3.65
    NOI $78.3k $10.96
    7,145 SF · lease $17.40/SF/yr · vacancy 16.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $1.12M
    $979.0K – $1.31M (±1% cap)
    NOI $78,323 @ 7.0% cap · market cap 7.84%
    Second Best
    Flex RnD
    $797.0K
    $697.3K – $929.8K (±1% cap)
    NOI $55,787 @ 7.0% cap · market cap 5.58%
    Theoretical Best
    Office A
    $1.56M
    $1.36M – $1.82M (±1% cap)
    NOI $109,130 @ 7.0% cap · market cap 10.92%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office buildings

    Map

    City
    Billings
    County
    Yellowstone
    State
    Montana
    Longitude
    -108.585923
    Latitude
    45.751452

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    FAQs

    What type of property is this?
    Office building - Versatile office and flex space near King Ave retail corridor.
    Where is this office building located?
    The property is located at 2747 Enterprise #5 Avenue Billings, MT.
    What is the asking price?
    The asking price for this property is $999,000.
    What are key features of this property?
    This property features: Large office space: 6,345 sq ft office + 800 sq ft flex/warehouse.; Subdividable: Property can be split into 2 units with separate entrances and utilities.; Prime location: Tucked away off King Ave and Gabel Rd, near retail.
    (406) 800-1222
    We can help!
    Listing Contact
    Lauren Bond
    Lauren Bond
    Real Estate License ID: RRE-BRO-LIC-54002
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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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