Retail Convenience Store Pad
1503 Grand Ave Billings, MT 59102
For Sale
Contact for pricing
A high-traffic retail pad with a lit intersection frontage on Grand Avenue and an existing 2,749 SF retail store.
Property Size2,749 SF
Lot Size0.34 Acres
Price / SF$272.83
Days on Market500
Property Features for 1503 Grand Ave
General Information
Standard status
Active
Size
2,749 SF
Lot size
0.34 Acres
Property subtype
RETAIL
Listing Agency:
NAI Business Properties
(406) 672-1443
Listed By:
Haley Vannatta · License #RRE-RBS-LIC-62446
(406) 672-1443
Source:
Moodyscre
Added: Mar 17, 2025
Changed: Jul 27
Last Checked: Jul 28 at 4:05PM
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.
The property is a retail/C-store pad site featuring an existing 2,749 SF retail structure. The site was originally constructed as a gas station; however, all tanks have been removed. A billboard lease is also associated with the property, providing an additional revenue component.
The site is positioned for high visibility with excellent frontage to Grand Avenue on a lit intersection. Grand Avenue is supported by 22,750 ADT, and 15th Street West is supported by 8,732 ADT, according to the provided figures.
The property includes a 15,000 SF lot and is zoned CMU2. It was built in 1981.
The site is positioned for high visibility with excellent frontage to Grand Avenue on a lit intersection. Grand Avenue is supported by 22,750 ADT, and 15th Street West is supported by 8,732 ADT, according to the provided figures.
The property includes a 15,000 SF lot and is zoned CMU2. It was built in 1981.
Key Highlights
- 2,749 SF retail/C‑store on a 15,000 SF lot with lit intersection frontage on Grand Avenue
- High‑traffic retail pad site with Grand Avenue ADT of 22,750 and 15th Street West ADT of 8,732
- Zoned CMU2
Financial Insights For Specialty 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 | $44.5k | $16.20 |
| − Vacancy | −$891 | −$0.32 |
| EGI | $43.6k | $15.88 |
| − OpEx | −$10.9k | −$3.97 |
| NOI | $32.7k | $11.91 |
2,749 SF · lease $16.20/SF/yr · vacancy 2.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$467.6K
$409.2K – $545.5K
NOI $32,732 @ 7.0% cap · market cap 4.36%
Second Best
Retail
$402.0K
$351.8K – $469.1K
NOI $28,143 @ 7.0% cap · market cap 3.75%
Theoretical Best
Office A
$599.8K
$524.8K – $699.8K
NOI $41,987 @ 7.0% cap · market cap 5.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Albertsons — 1212 Grand Ave, Billings, MT 59102
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - A high-traffic retail pad with a lit intersection frontage on Grand Avenue and an existing 2,749 SF retail store.
Where is this grocery and convenience store located?
The property is located at 1503 Grand Ave Billings, MT.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 2,749 SF retail/C‑store on a 15,000 SF lot with lit intersection frontage on Grand Avenue; High‑traffic retail pad site with Grand Avenue ADT of 22,750 and 15th Street West ADT of 8,732; Zoned CMU2
