Office Building with Flexible Floor
For Sale
Contact for pricing
Pending
200 N 34th St, Billings, MT 59101
Finished office property with private offices, collaborative workspace, conference room, breakroom, and on-site parking.
Property Size3,660 SF
Days on Market86
Property Features for 200 N 34th St
General Information
Standard status
Pending
Size
3,660 SF
Property subtype
OFFICE
Building Details
Buildings
1
Building Size
3,660 SF
Listing Agency:
NAI Business Properties
(406) 256-5000
Listed By:
Brian McDonald · License #RRE-BRO-LIC-12627
(406) 860-1567
Source:
Moodyscre
Added: Jul 29
Changed: Oct 16
Last Checked: Oct 20 at 10:03PM
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 NAI Business Properties
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Investment Insights
Based on property information with market context.
This 3,660-square-foot office building in Billings features a flexible floor plan with very nice finishes. The layout includes 7 private offices, an open area sized for 9 cubicles, a reception area, a private conference room, and a breakroom. The configuration supports a combination of private and shared work areas within a dedicated office environment.
The property includes ample parking for employees and visitors and offers high visibility and accessibility for clients. Located at 200 N 34th St, the building provides a defined office setting with practical features for daily business operations.
The property includes ample parking for employees and visitors and offers high visibility and accessibility for clients. Located at 200 N 34th St, the building provides a defined office setting with practical features for daily business operations.
Key Highlights
- 3,660 SF office building in Billings
- 7 private offices and open area for 9 cubicles
- Reception area and private conference room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,121
Cap Rate
8.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$802,420
$802.4K
Cap Rate 7%
$573,157
$573.2K
Cap Rate 9%
$445,789
$445.8K
Market Conditions
NOI Build-Up for 3,660 SF
Gross rent
$63.7K $17.40/SF
− Vacancy
−$10.2K −$2.78/SF
EGI
$53.5K $14.62/SF
− OpEx
−$13.4K −$3.65/SF
NOI
$40.1K $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%
$802,420
Cap Rate 7%
$573,157
Cap Rate 9%
$445,789
Alternative Uses
Best Use
Office B
$573.2K
$501.5K – $668.7K
NOI $40,121 @ 7.0% cap · market cap 8.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$798.6K
$698.8K – $931.7K
NOI $55,901 @ 7.0% cap · market cap 11.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,697
Businesses Nearby
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Business Placement
Demographics for 59101, MT
41,522
Population
18,864
Households
2.2
Avg Household Size
37
Median Age
22%
College-Educated
91%
High-School Grad
590.8 sq mi
ZIP Area
70
Density / Sq Mi
$58,165
Median Household Income
$36,258
Median Earnings
$930
Median Rent
$243,000
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Finished office property with private offices, collaborative workspace, conference room, breakroom, and on-site parking.
Where is this office building located?
The property is located at 200 N 34th St Billings, MT.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 3,660 SF office building in Billings; 7 private offices and open area for 9 cubicles; Reception area and private conference room
