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Renovated Retail Center For Sale

1116 Broadwater, Billings, MT

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For Sale

Contact for pricing

7,492 SF retail center with renovation and income potential.

Type:OFFICE

Property size:

7,492 SF

Lot size:

0.64 Acres

Price / SF:

$146/SF

Contact for Pricing

Please call us for current price
and status of this listing

Nathan Matelich

HighLights

Completely Renovated Over Last 4 Years with New Roof, Siding, Electrical, HVAC, Sewer Lines, Plumbing & Interior Remodels
8.5% Cap Rate once Vacant Unit is Leased, with 9% Potential
7,492 SF Class A Retail Center
5 Separately Metered Units
Triple Net Leases
Ideal for Owner Occupied Building or Restaurant

For Sale

Contact for pricing

7,492 SF retail center with renovation and income potential.

Type:OFFICE

Property size:

7,492 SF

Lot size:

0.64 Acres

Price / SF:

$146/SF

Added:: Jun 24, 2025
Days on Market:: 353
Last Refresh:: May 20 at 8:45 pm

Property Features for 1116 Broadwater

General Information

Standard status: Active
Size: 7,492 SF
Lot size: 0.64 Acres
Property subtype: OFFICE

We can help!

Listing Contact

Nathan Matelich

Listing agent Nathan Matelich

Listing office Coldwell Banker Commercial CBS

Listing date Jun 24, 2025

Source Moodyscre

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

HighLights

Completely Renovated Over Last 4 Years with New Roof, Siding, Electrical, HVAC, Sewer Lines, Plumbing & Interior Remodels
8.5% Cap Rate once Vacant Unit is Leased, with 9% Potential
7,492 SF Class A Retail Center
5 Separately Metered Units
Triple Net Leases
Ideal for Owner Occupied Building or Restaurant

Overview

This 7,492 SF Class A retail center has been completely renovated over the last 4 years, including a new roof, siding, electrical, HVAC, sewer lines, plumbing, and interior remodels for all tenants. The property features 5 separately metered units and currently has 4 tenants. There is a 2,714 SF retail space currently vacant. The property has triple net leases and 3-phase power. It is ideal for an owner-occupied building or restaurant. The potential cap rate is 9%. Financials are available upon request.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$112.4k	$15.00
− Vacancy	−$2.8k	−$0.38
EGI	$109.6k	$14.63
− OpEx	−$32.9k	−$4.39
NOI	$76.7k	$10.24

7,492 SF · lease $15.00/SF/yr · vacancy 2.50% · expense 30.00%

Alternative Uses

Best Use

Retail

$1.10M

$958.7K – $1.28M (±1% cap)

NOI $76,699 @ 7.0% cap · market cap 6.97%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.63M

$1.43M – $1.91M (±1% cap)

NOI $114,430 @ 7.0% cap · market cap 10.40%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Billings Brazilian Jiu-jitsu Gym & Fitness Center Billings Jiu Jitsu Gym & Fitness Center

Suggested Use

Similar Places Nearby

Transwestern Plaza — N 32nd St, Billings, MT 59101
Coinstar Kiosk | Bitcoin ATM — 611 N 27th St Albertsons, Billings, MT 59101

Location Insight

Map
Local Demand

City: Billings
County: Yellowstone
State: Montana
Longitude: -108.544
Latitude: 45.7768

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For sale
Shopping centers
MT
Billings
1116 Broadwater Ave

What type of property is this?

Shopping center - 7,492 SF retail center with renovation and income potential.

Where is this shopping center located?

The property is located at 1116 Broadwater Billings, MT.

What is the asking price?

The asking price for this property is $1,100,000.

What are key features of this property?

This property features: Completely Renovated Over Last 4 Years with New Roof, Siding, Electrical, HVAC, Sewer Lines, Plumbing & Interior Remodels; 8.5% Cap Rate once Vacant Unit is Leased, with 9% Potential; 7,492 SF Class A Retail Center

1116 Broadwater, Billings, MT

7,492 SF retail center with renovation and income potential.

Property Features for 1116 Broadwater

General Information

We can help!

HighLights

Overview

Local Financial Insights For Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Remodeled Duplex Investment Opportunity

Billings Grow Facility with Shop

Mixed-Use Property in Billings, MT

Westend Industrial Condo/Flex Space

Prime Office/Flex Space Opportunity

New-Build Triplex in Billings, MT

Billings Heights 5-Plex Investment

West End Billings Business Opportunity

Retail and Warehouse Building with Overhead Doors

Billings Multifamily Sober Living Home

Renovated Two-Level Office Building

West End Duplex Opportunity

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