Office Building with New
For Sale
$409,900
1525 Central Avenue, Billings, MT 59102
The property includes an existing tenant whose lease is nearing expiration.
Property Size1,936 SF
Price / SF$210.64
Days on Market76
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Property Features for 1525 Central Avenue
General Information
Standard status
Active
Size
1,936 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$2,600
Building Details
Building Size
1,936 SF
Year Built
1975
Tenancy
Single
Listing Agency:
Century 21 Americana
Listed By:
Mark Dawson · License #RRE-BRO-LIC-8164
(406) 591-0021
Source:
Careychapman
Added: Aug 1
Changed: Oct 9
Last Checked: Oct 15 at 8:13AM
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 Century 21 Americana
Investment Insights
Based on property information with market context.
This 1,946-square-foot office building is located at 1525 Central Ave in Billings, Montana. The property has a new roof and is described as well-maintained, providing a straightforward physical profile for an office user or ownership strategy.
An existing tenant occupies the building under a lease that is approaching expiration. The property information identifies the building as suitable for owner occupancy or continued investment use, subject to the lease timeline and the buyer’s plans.
An existing tenant occupies the building under a lease that is approaching expiration. The property information identifies the building as suitable for owner occupancy or continued investment use, subject to the lease timeline and the buyer’s plans.
Key Highlights
- 1,946‑square‑foot office building
- New roof
- Well‑maintained building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,332
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$426,640
$426.6K
Cap Rate 7%
$304,743
$304.7K
Cap Rate 9%
$237,022
$237.0K
Market Conditions
NOI Build-Up for 1,946 SF
Gross rent
$33.9K $17.40/SF
− Vacancy
−$5.4K −$2.78/SF
EGI
$28.4K $14.62/SF
− OpEx
−$7.1K −$3.65/SF
NOI
$21.3K $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%
$426,640
Cap Rate 7%
$304,743
Cap Rate 9%
$237,022
Alternative Uses
Best Use
Office B
$304.7K
$266.7K – $355.5K
NOI $21,332 @ 7.0% cap · market cap 5.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$424.6K
$371.5K – $495.4K
NOI $29,722 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - The property includes an existing tenant whose lease is nearing expiration.
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: 1,946‑square‑foot office building; New roof; Well‑maintained building
