1321 N 27th St, Billings, MT 59101

Building Details

Building Size 3,549 SF More

Year Built 1983 More

Listing Agency: Coldwell Banker Commercial CBS

Listed By: George Warmer, SIOR, CCIM · License MT RRE-RBS-LIC-14174 Show Phone

Source: Cbcmontana

Added: Jul 25 Changed: Nov 9 Last Checked: Nov 12 at 4:49AM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This two-level office building provides 3,549 SF of space across two floors. The property includes high-visibility pylon signage designed to support strong street presence and visibility.

The building is zoned Corridor Mixed Use 1 (CMU-1) and sits on an 8,221 SF lot. Public remarks indicate the property is adjacent to new healthcare infrastructure and positioned in the path of major growth.

The offering is structured as a single office building with signage and zoning support via CMU-1 corridor mixed-use zoning.

Key Highlights

• Two‑level office building totaling 3,549 SF
• 8,221 SF lot
• Corridor Mixed Use 1 (CMU‑1) zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$38,904

Cap Rate

7.86%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$778,080 $778.1K

Cap Rate 7%

$555,771 $555.8K

Cap Rate 9%

$432,267 $432.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,549 SF

Gross rent

$61.8K $17.40/SF

− Vacancy

−$9.9K −$2.78/SF

EGI

$51.9K $14.62/SF

− OpEx

−$13.0K −$3.65/SF

NOI

$38.9K $10.96/SF

Area

Billings, MT

Vacancy

16.00%

Lease Rate

$17.40 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$778,080

Cap Rate 7%

$555,771

Cap Rate 9%

$432,267

Alternative Uses

Best Use

Office B

$555.8K

$486.3K – $648.4K (±1% cap)

NOI $38,904 @ 7.0% cap · market cap 7.86%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$774.4K

$677.6K – $903.4K (±1% cap)

NOI $54,206 @ 7.0% cap · market cap 10.95%

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

Billings Animal Family ... Veterinary Clinic

Suggested Use

Top Pick Hair Salon Real Estate Agency Electrical Service Nail Salon Auto Parts Store Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,560

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

Average Price Trend$/SF for Office buildings in Billings, MT

$162 Jul

$161 Aug

$158 Sep

$163 Oct

Properties on Market for Office buildings in Billings

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Two-level office building totaling 3,549 SF with pylon signage on an 8,221 SF lot.

Where is this office building located?

The property is located at 1321 N 27th St Billings, MT.

What is the asking price?

The asking price for this property is $495,000.

What are key features of this property?

This property features: Two‑level office building totaling 3,549 SF; 8,221 SF lot; Corridor Mixed Use 1 (CMU‑1) zoning