Multi-Tenant Retail Shopping
New
For Sale
$1,592,000
3429 Central Ave, Billings, MT 59102
The property combines a multi-tenant retail format with CMU1 zoning.
Property Size7,680 SF
Days on Market7
Property Features for 3429 Central Ave
General Information
Standard status
Active
Size
7,680 SF
Property subtype
Retail
Building Details
Building Size
7,680 SF
Year Built
2006
Listing Agency:
Coldwell Banker Commercial CBS
Listed By:
Nathan Matelich, SIOR, CCIM · License #MT #RRE-BRO-LIC-69991
(406) 781-6889
Source:
Cbcmontana
Added: Sep 30
Changed: Oct 3
Last Checked: Oct 5 at 3:29PM
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
Investment Insights
Based on property information with market context.
This shopping center in Billings, Montana, is configured for multiple retail tenants. The building dates to 2006 and carries CMU1 zoning.
Located at 3429 Central Ave, the property is offered for sale as a retail investment asset.
Located at 3429 Central Ave, the property is offered for sale as a retail investment asset.
Key Highlights
- Multi‑tenant retail shopping center
- Built in 2006
- CMU1 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,624
Cap Rate
4.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,572,480
$1.6M
Cap Rate 7%
$1,123,200
$1.1M
Cap Rate 9%
$873,600
$873.6K
Market Conditions
NOI Build-Up for 7,680 SF
Gross rent
$115.2K $15.00/SF
− Vacancy
−$2.9K −$0.38/SF
EGI
$112.3K $14.63/SF
− OpEx
−$33.7K −$4.39/SF
NOI
$78.6K $10.24/SF
Area
Billings, MT
Vacancy
2.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,572,480
Cap Rate 7%
$1,123,200
Cap Rate 9%
$873,600
Alternative Uses
Best Use
Retail
$1.12M
$982.8K – $1.31M
NOI $78,624 @ 7.0% cap · market cap 4.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,301 @ 7.0% cap · market cap 7.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
227
Businesses Nearby
11k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 57%
Dining 43%
Exxon
Shops & Services
6,510 visits/mo
0.1 miles
Great Harvest Bread Co.
Dining
4,893 visits/mo
0.3 miles
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 Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - The property combines a multi-tenant retail format with CMU1 zoning.
Where is this shopping center located?
The property is located at 3429 Central Ave Billings, MT.
What is the asking price?
The asking price for this property is $1,592,000.
What are key features of this property?
This property features: Multi‑tenant retail shopping center; Built in 2006; CMU1 zoning
