Storefront Building with Steel
For Sale
Contact for pricing
1844 GRAND AVE BILLINGS MT 59102, Billings, MT 11510
Two-part retail property with prominent signage and a rear unit that may suit leasing or owner occupancy.
Property Size3,920 SF
Price / SF$151.79
Days on Market129
Property Features for 1844 GRAND AVE BILLINGS MT 59102
General Information
Standard status
Active
Size
3,920 SF
Property subtype
Retail
Investment Type
Owner/User
Site & Location
Neighborhood
West Central
Building Details
Year Built
1975
Tenancy
Multi
Listing Agency:
Rob Veltkamp Brokerage
Listed By:
Rob Veltkamp · License #MT 4131
(406) 855-9089
Source:
Crexi
Added: Jun 24
Changed: Oct 25
Last Checked: Oct 30 at 1:56PM
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
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 3,920-square-foot retail building was constructed in 1975 with a Butler steel frame. Storefront windows and signage face Grand Avenue, supporting a conventional retail presentation. The property is divided into a smaller front portion and a larger rear portion measuring 2,250 square feet.
The front area is occupied by H&R Block, while the rear unit may be available for lease or use by an owner. The configuration provides separate areas within a single commercial building and accommodates both an existing occupant and potential flexibility for the larger space.
The front area is occupied by H&R Block, while the rear unit may be available for lease or use by an owner. The configuration provides separate areas within a single commercial building and accommodates both an existing occupant and potential flexibility for the larger space.
Key Highlights
- 3,920 SF retail building constructed in 1975
- Butler steel‑frame construction
- Storefront windows and signage on Grand Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,131
Cap Rate
6.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$802,620
$802.6K
Cap Rate 7%
$573,300
$573.3K
Cap Rate 9%
$445,900
$445.9K
Market Conditions
NOI Build-Up for 3,920 SF
Gross rent
$58.8K $15.00/SF
− Vacancy
−$1.5K −$0.38/SF
EGI
$57.3K $14.63/SF
− OpEx
−$17.2K −$4.39/SF
NOI
$40.1K $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%
$802,620
Cap Rate 7%
$573,300
Cap Rate 9%
$445,900
Alternative Uses
Best Use
Retail
$573.3K
$501.6K – $668.9K
NOI $40,131 @ 7.0% cap · market cap 6.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$855.3K
$748.4K – $997.9K
NOI $59,873 @ 7.0% cap · market cap 10.06%
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
Location Intelligence
Trade Area within ½ mile
1,128
Businesses Nearby
365k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 30%
Shops & Services 29%
Dining 26%
Apparel 9%
Target
Superstores
107,869 visits/mo
0.3 miles
Hobby Lobby
Shops & Services
60,997 visits/mo
0.4 miles
T.J. Maxx
Apparel
29,391 visits/mo
0.3 miles
McDonald's
Dining
28,485 visits/mo
0.4 miles
Dollar Tree
Shops & Services
24,437 visits/mo
0.3 miles
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
Similar Off Market Nearby
- Albertsons Floral — 2334 Central Ave Albertsons, Billings, MT 59102
- Le Fete — 2010 grand ave, billings, mt 59102
- Albertsons Floral — 3137 Grand Ave, Billings, MT 59102
Frequently Asked Questions
What type of property is this?
Storefront property - Two-part retail property with prominent signage and a rear unit that may suit leasing or owner occupancy.
Where is this storefront property located?
The property is located at 1844 GRAND AVE BILLINGS MT 59102 Billings, MT.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 3,920 SF retail building constructed in 1975; Butler steel‑frame construction; Storefront windows and signage on Grand Avenue
