Multi-Tenant Shopping
For Sale
$1,950,000
1780 Shiloh Rd, Billings, MT 59106
Retail center featuring a combination of net and modified gross lease arrangements.
Property Size10,678 SF
Days on Market58
Property Features for 1780 Shiloh Rd
General Information
Standard status
Active
Size
10,678 SF
Property subtype
Retail
Occupancy
94%
Site & Location
Neighborhood
West Shiloh
Traffic Count
15,000 vehicles/day
Additional Details
Cap Rate
7%
Building Details
Building Size
10,678 SF
Year Built
2004
Tenancy
Multi
Listing Agency:
Coldwell Banker Commercial CBS
Listed By:
Mike Bruschwein · License #92467
(406) 697-6176
Source:
Cbcworldwide
Added: Aug 28
Changed: Oct 23
Last Checked: Oct 20 at 7:23PM
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 Coldwell Banker Commercial CBS
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multi-tenant shopping center at 1780 Shiloh Rd in Billings, Montana, was constructed in 2004 and is 93.5% leased. The property includes a varied tenant roster of local and regional retailers, with lease agreements structured through a combination of net and modified gross terms across the units.
Shiloh Rd records approximately 15,000 vehicles per day, providing a measurable traffic setting for the center. The property reports a 7% cap rate and offers an established retail occupancy profile supported by multiple tenants and varied lease structures.
Shiloh Rd records approximately 15,000 vehicles per day, providing a measurable traffic setting for the center. The property reports a 7% cap rate and offers an established retail occupancy profile supported by multiple tenants and varied lease structures.
Key Highlights
- 93.5% leased occupancy
- 7% cap rate
- Mix of net and modified gross leases across all units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$109,316
Cap Rate
5.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,186,320
$2.2M
Cap Rate 7%
$1,561,657
$1.6M
Cap Rate 9%
$1,214,622
$1.2M
Market Conditions
NOI Build-Up for 10,678 SF
Gross rent
$160.2K $15.00/SF
− Vacancy
−$4.0K −$0.38/SF
EGI
$156.2K $14.63/SF
− OpEx
−$46.8K −$4.39/SF
NOI
$109.3K $10.24/SF
Area
Billings, MT
Vacancy
2.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,186,320
Cap Rate 7%
$1,561,657
Cap Rate 9%
$1,214,622
Alternative Uses
Best Use
Retail
$1.56M
$1.37M – $1.82M
NOI $109,316 @ 7.0% cap · market cap 5.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.33M
$2.04M – $2.72M
NOI $163,092 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
15,000 VPD
Traffic count
93.5%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
358
Businesses Nearby
86k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 56%
Shops & Services 44%
Wendy's
Dining
20,272 visits/mo
0.2 miles
Pizza Hut
Dining
19,811 visits/mo
0.5 miles
Holiday Station Store
Shops & Services
19,271 visits/mo
0.2 miles
Exxon
Shops & Services
9,767 visits/mo
0.2 miles
Town Pump
Shops & Services
8,647 visits/mo
0.2 miles
Demographics for 59106, MT
20,681
Population
8,164
Households
2.5
Avg Household Size
40
Median Age
52%
College-Educated
98%
High-School Grad
112.0 sq mi
ZIP Area
185
Density / Sq Mi
$122,374
Median Household Income
$52,380
Median Earnings
$1,380
Median Rent
$483,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Shopping center - Retail center featuring a combination of net and modified gross lease arrangements.
Where is this shopping center located?
The property is located at 1780 Shiloh Rd Billings, MT.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 93.5% leased occupancy; 7% cap rate; Mix of net and modified gross leases across all units
