Remodeled Office Unit with Private
For Sale
Contact for pricing
1575 Shiloh Road Suite H, Billings, MT 59102
Updated in 2023, the suite includes reception, a kitchenette, ADA bathroom, and dedicated storage.
Property Size1,536 SF
Price / SF$361.33
Days on Market73
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Property Features for 1575 Shiloh Road Suite H
General Information
Standard status
Active
Size
1,536 SF
Class
A
Property subtype
Office
Zoning
Community Commercial
Occupancy
100%
Lease Type
NNN
Listing Agency:
Rob Veltkamp Brokerage
Listed By:
Rob Veltkamp · License #MT 4131
(406) 855-9089
Source:
Crexi
Added: Aug 4
Changed: Oct 7
Last Checked: Oct 14 at 10:28PM
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 Rob Veltkamp Brokerage
Investment Insights
Based on property information with market context.
Suite H is a 1,536-square-foot office condo at 1575 Shiloh Road in Billings. The layout provides four private offices along with a generous reception and waiting area, creating defined spaces for staff and visitors. Additional improvements include a breakroom with kitchenette, ADA bathroom, utility room, and substantial storage.
The owner completed a remodel in 2023, including built-in desks in each private office. The combination of enclosed work areas, shared reception space, and supporting facilities offers a complete office configuration within the suite.
The owner completed a remodel in 2023, including built-in desks in each private office. The combination of enclosed work areas, shared reception space, and supporting facilities offers a complete office configuration within the suite.
Key Highlights
- 1,536‑square‑foot office condo at 1575 Shiloh Road, Suite H
- Four private offices with built‑in desks
- Large reception and waiting area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,838
Cap Rate
3.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$336,760
$336.8K
Cap Rate 7%
$240,543
$240.5K
Cap Rate 9%
$187,089
$187.1K
Market Conditions
NOI Build-Up for 1,536 SF
Gross rent
$26.7K $17.40/SF
− Vacancy
−$4.3K −$2.78/SF
EGI
$22.5K $14.62/SF
− OpEx
−$5.6K −$3.65/SF
NOI
$16.8K $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%
$336,760
Cap Rate 7%
$240,543
Cap Rate 9%
$187,089
Alternative Uses
Best Use
Office B
$240.5K
$210.5K – $280.6K
NOI $16,838 @ 7.0% cap · market cap 3.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$335.1K
$293.3K – $391.0K
NOI $23,460 @ 7.0% cap · market cap 4.23%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
339
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 units - Updated in 2023, the suite includes reception, a kitchenette, ADA bathroom, and dedicated storage.
Where is this office units located?
The property is located at 1575 Shiloh Road Suite H Billings, MT.
What is the asking price?
The asking price for this property is $555,000.
What are key features of this property?
This property features: 1,536‑square‑foot office condo at 1575 Shiloh Road, Suite H; Four private offices with built‑in desks; Large reception and waiting area
