Spacious Billings Mixed-Use
2110 Overland Ave Billings, MT 59102
2110 Overland Ave, Billings, MT, 59102
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For Sale
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72,598 SF mixed-use property in a prime Billings location.
Property Size72,598 SF
Price / SF$82.58
Days on Market714
Property Features for 2110 Overland Ave
General Information
- Standard status
- Active
- Size
- 72,598 SF
- Property subtype
- Industrial, Mixed Use, Office
Building Details
- Year Built
- 1984
Listing agency
NAI Business Properties
(406) 256-5000
Listed by
Tyler Samson · License #MT RRE-RBS-LIC-25433
Source
Crexi
Added: Aug 7, 2024 Updated: Jul 6 at 7:56AM Checked: Jul 21 at 12:35PM
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
Investment Insights
Based on property information with market context.
Located in Billings, Montana, 2110 Overland Avenue presents an investment opportunity with 72,598 square feet of space across two buildings constructed in 1984. The property is zoned CMU2-Corridor Mixed Use 2, offering versatility for industrial or office use. This property is positioned as a potential addition to a commercial real estate portfolio, due to its size and zoning classification.
Key Highlights
- Large 72,598 SF across two buildings.
- CMU2‑Corridor Mixed Use 2 zoning offers versatile usage options.
- Prime investment opportunity in the thriving Billings area.
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $653.4k | $9.00 |
| − Vacancy | −$55.5k | −$0.77 |
| EGI | $597.8k | $8.24 |
| − OpEx | −$179.4k | −$2.47 |
| NOI | $418.5k | $5.76 |
72,598 SF · lease $9.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$11.37M
$9.95M – $13.26M
NOI $795,819 @ 7.0% cap · market cap 13.27%
Second Best
Mixed Use
$10.02M
$8.77M – $11.69M
NOI $701,297 @ 7.0% cap · market cap 11.70%
Theoretical Best
Office A
$15.84M
$13.86M – $18.48M
NOI $1,108,833 @ 7.0% cap · market cap 18.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Epic Software
(Bike/Boat/Book/etc) Store
Brock M. Ping, ...
Physician
Compassus Home Health
Nursing Home
Heidi Efinger, NP-C
Physician
Roy R. Hall, ...
Physician
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FAQs
What type of property is this?
Mixed-use property - 72,598 SF mixed-use property in a prime Billings location.
Where is this mixed-use property located?
The property is located at 2110 Overland Ave Billings, MT.
What is the asking price?
The asking price for this property is $5,995,000.
What are key features of this property?
This property features: Large 72,598 SF across two buildings.; CMU2‑Corridor Mixed Use 2 zoning offers versatile usage options.; Prime investment opportunity in the thriving Billings area.
