Restaurant with Commercial
New
For Sale
Contact for pricing
106 North Broadway, Billings, MT 59101
A storefront restaurant features a spacious dining area, service counter and bar, and additional storage.
Property Size2,817 SF
Price / SF$0.00
Days on Market1
Property Features for 106 North Broadway
General Information
Standard status
Active
Size
2,817 SF
Property subtype
Retail
Lease Term
NNN
Amenities
Commercial Kitchen Buildout
Spacious Dining Area
Service Counter/Bar
Large Storefront Windows
High Ceilings & Open Layout
Additional Storage Space
Building Details
Building Size
2,817 SF
Properties For Sale
at 106 North Broadway
106 N Broadway
Size
2,817 SF
Term
Negotiable
Listing Agency:
Coldwell Banker Commercial CBS
Listed By:
Michael Speidel · License #MT #RRE-RBS-LIC-109468
(406) 601-9695
Source:
Cbcmontana
Added: Oct 24
Last Checked: Oct 24 at 2:38PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Configured for restaurant use, the property includes a commercial kitchen buildout, a spacious dining area, and a service counter with bar. High ceilings and an open layout complement the storefront windows, while additional storage supports the interior setup.
The restaurant is at 106 North Broadway in downtown Billings, Montana.
The restaurant is at 106 North Broadway in downtown Billings, Montana.
Key Highlights
- 2,817 SF restaurant space
- Commercial kitchen buildout
- Spacious dining area with service counter and bar
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,542
Suggested Prices Based on Cap Rates
Cap Rate 5%
$670,840
$670.8K
Cap Rate 7%
$479,171
$479.2K
Cap Rate 9%
$372,689
$372.7K
Market Conditions
NOI Build-Up for 2,817 SF
Gross rent
$45.6K $16.20/SF
− Vacancy
−$913 −$0.32/SF
EGI
$44.7K $15.88/SF
− OpEx
−$11.2K −$3.97/SF
NOI
$33.5K $11.91/SF
Area
Billings, MT
Vacancy
2.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$670,840
Cap Rate 7%
$479,171
Cap Rate 9%
$372,689
Alternative Uses
Best Use
Specialty Retail
$479.2K
$419.3K – $559.0K
NOI $33,542 @ 7.0% cap · market cap 248,459.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$614.7K
$537.8K – $717.1K
NOI $43,026 @ 7.0% cap · market cap 318,711.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
30
Businesses Nearby
Explore this area
Business Placement
Demographics for 59101, MT
41,522
Population
18,864
Households
2.2
Avg Household Size
37
Median Age
22%
College-Educated
91%
High-School Grad
590.8 sq mi
ZIP Area
70
Density / Sq Mi
$58,165
Median Household Income
$36,258
Median Earnings
$930
Median Rent
$243,000
Median Home Value
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A storefront restaurant features a spacious dining area, service counter and bar, and additional storage.
Where is this conventional restaurant located?
The property is located at 106 North Broadway Billings, MT.
What are key features of this property?
This property features: 2,817 SF restaurant space; Commercial kitchen buildout; Spacious dining area with service counter and bar
