High Traffic Retail Pad
1503 Grand Avenue Billings, MT 59102
1503 Grand Avenue, Billings, MT, 59102
$690,000
For Sale
$690,000
Retail pad site with excellent frontage on a lit intersection.
Property Size2,749 SF
Price / SF$251
Days on Market106
Property Features for 1503 Grand Avenue
General Information
- Standard status
- Active
- Size
- 2,749 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1981
Listing agency
NAI Business Properties
(406) 672-1443
Listed by
Haley Vannatta, CCIM · License #MT #62446
(406) 672-1443
Source
Naiglobal
Added: Apr 9 Updated: Jul 10 at 3:55PM Checked: Jul 22 at 3:48AM
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 NAI Business Properties
Investment Insights
Based on property information with market context.
This retail pad site benefits from high traffic and excellent frontage on Grand Avenue at a lit intersection. A small 2,749 square foot retail or convenience store currently occupies the site. The property also includes a billboard lease. Originally constructed as a gas station, all tanks have been removed. The location offers strong east-west connectivity across the city and is adjacent to West Park Plaza, providing great access and excellent visibility. The property is surrounded by established businesses.
Key Highlights
- High traffic retail pad site with excellent frontage on Grand Avenue at a lit intersection.
- Strong east‑west connectivity across the city.
- Excellent visibility.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.2k | $15.00 |
| − Vacancy | −$1.0k | −$0.38 |
| EGI | $40.2k | $14.63 |
| − OpEx | −$12.1k | −$4.39 |
| NOI | $28.1k | $10.24 |
2,749 SF · lease $15.00/SF/yr · vacancy 2.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$402.0K
$351.8K – $469.1K
NOI $28,143 @ 7.0% cap · market cap 4.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$599.8K
$524.8K – $699.8K
NOI $41,987 @ 7.0% cap · market cap 6.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
FAQs
What type of property is this?
Retail property - Retail pad site with excellent frontage on a lit intersection.
Where is this retail property located?
The property is located at 1503 Grand Avenue Billings, MT.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: High traffic retail pad site with excellent frontage on Grand Avenue at a lit intersection.; Strong east‑west connectivity across the city.; Excellent visibility.
