Medical Office
1010 Central Ave Suite 2, Billings, MT 59102
For Sale
Contact for pricing
The 1,200-square-foot suite features medical-grade office improvements in a 2008-built property.
Property Size1,200 SF
Price / SF$1.71
Days on Market102
Property Features for 1010 Central Ave Suite 2
General Information
Standard status
Size
Class
Property subtype
Lease Term
Site & Location
Neighborhood
Building Details
Building Size
Year Built
Properties For Sale
at 1010 Central Ave Suite 2
Suite 2
Size
1,200 SF
Term
Negotiable
Listing Agency:
Coldwell Banker Commercial CBS
Listed By:
Nathan Matelich, SIOR, CCIM · License MT RRE-BRO-LIC-69991
(406) 781-6889
Source:
Cbcmontana
Added: Aug 1
Changed: Oct 25
Last Checked: Nov 10 at 5:28AM
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 Coldwell Banker Commercial CBS
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Suite 2 at 1010 Central Ave provides 1,200 square feet of medical-grade office space within a property built in 2008. The offering is classified as medical office space and is located in Billings, Montana. The available information identifies the premises by suite and address but does not detail the interior layout or additional building improvements.
Key Highlights
- 1,200 SF of medical‑grade office space
- Suite 2 at 1010 Central Ave, Billings, MT 59102
- Property built in 2008
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,925
Suggested Prices Based on Cap Rates
Cap Rate 5%
$258,500
$258.5K
Cap Rate 7%
$184,643
$184.6K
Cap Rate 9%
$143,611
$143.6K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$23.0K $19.20/SF
− Vacancy
−$1.5K −$1.25/SF
EGI
$21.5K $17.95/SF
− OpEx
−$8.6K −$7.18/SF
NOI
$12.9K $10.77/SF
Area
Billings, MT
Vacancy
6.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$258,500
Cap Rate 7%
$184,643
Cap Rate 9%
$143,611
Alternative Uses
Best Use
Office B
$187.9K
$164.4K – $219.2K
NOI $13,154 @ 7.0% cap
Second Best
Healthcare Medical
$184.6K
$161.6K – $215.4K
NOI $12,925 @ 7.0% cap
Theoretical Best
Office A
$261.8K
$229.1K – $305.5K
NOI $18,328 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
508
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 59102, MT
48,133
Population
22,706
Households
2.1
Avg Household Size
41
Median Age
43%
College-Educated
97%
High-School Grad
15.0 sq mi
ZIP Area
3,209
Density / Sq Mi
$75,140
Median Household Income
$43,203
Median Earnings
$1,148
Median Rent
$307,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- Moore Lane Veterinary Hospital — 30 Moore Ln, Billings, MT 59101
Frequently Asked Questions
What type of property is this?
Medical Office Space - The 1,200-square-foot suite features medical-grade office improvements in a 2008-built property.
Where is this medical office space located?
The property is located at 1010 Central Ave Suite 2 Billings, MT.
What are key features of this property?
This property features: 1,200 SF of medical‑grade office space; Suite 2 at 1010 Central Ave, Billings, MT 59102; Property built in 2008
