4-Office
For Sale
$409,900
1525 Central Avenue, Billings, MT 59102
An established office layout includes reception, a kitchen, and a separate break room.
Property Size1,936 SF
Price / SF$211.73
Days on Market92
Property Features for 1525 Central Avenue
General Information
Standard status
Active
Size
1,936 SF
Total Parking Spaces
14
Property subtype
Office
Site & Location
Neighborhood
East Central
Additional Details
Tenant in Place
Yes
Property Use
Office
Taxes and HOA fees
Annual Taxes
$2,600
Building Details
Building Size
1,936 SF
Year Built
1975
Year Renovated
2021
Listing Agency:
ERA Real Estate
Listed By:
Huskey Real Estate Group
(406) 697-2510
Source:
Huskeygroup
Added: Aug 1
Changed: Oct 26
Last Checked: Oct 29 at 10:01AM
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 ERA Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,936-square-foot office building, constructed in 1975, has four private offices alongside a reception area, kitchen, and break room. The property was remodeled in 2021 and received a new roof in 2026. Fourteen parking spaces serve the building, and the current tenant’s lease is expiring. Seller financing is available.
Key Highlights
- 1,936‑square‑foot office building
- Four offices, reception area, kitchen, and break room
- 14 parking spots
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,222
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$424,440
$424.4K
Cap Rate 7%
$303,171
$303.2K
Cap Rate 9%
$235,800
$235.8K
Market Conditions
NOI Build-Up for 1,936 SF
Gross rent
$33.7K $17.40/SF
− Vacancy
−$5.4K −$2.78/SF
EGI
$28.3K $14.62/SF
− OpEx
−$7.1K −$3.65/SF
NOI
$21.2K $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%
$424,440
Cap Rate 7%
$303,171
Cap Rate 9%
$235,800
Alternative Uses
Best Use
Office B
$303.2K
$265.3K – $353.7K
NOI $21,222 @ 7.0% cap · market cap 5.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$422.4K
$369.6K – $492.8K
NOI $29,570 @ 7.0% cap · market cap 7.21%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
528
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - An established office layout includes reception, a kitchen, and a separate break room.
Where is this office building located?
The property is located at 1525 Central Avenue Billings, MT.
What is the asking price?
The asking price for this property is $409,900.
What are key features of this property?
This property features: 1,936‑square‑foot office building; Four offices, reception area, kitchen, and break room; 14 parking spots
