Building Details

Year built 1975

Floors in Building 1

Listing Agency: Century 21 Americana · Century 21 Real Estate m***@century21.com Show Phone

Listed By: Mark Dawson · License #RRE-BRO-LIC-8164 Show Phone

Added: Oct 5 Last Checked: Oct 6 at 6:06AM

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MLS# 362230

Copyright © 2026 Billings Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

At 2253 S 16th Road in Ballantine, this mixed-use property combines a convenience store with fuel pumps, a laundromat, a car wash, and a four-room motel. The site also includes a mobile home court with mobile homes and a lease for the US Post Office building.

The property is listed at 1,896 square feet and was built in 1975. Heating is natural gas and forced air, with central air conditioning. Public water and public sewer serve the property.

Key Highlights

• Convenience store with gas pumps, laundromat, and car wash
• Four‑room motel
• Mobile home court with mobile homes

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$27,784

Cap Rate

4.67%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$555,680 $555.7K

Cap Rate 7%

$396,914 $396.9K

Cap Rate 9%

$308,711 $308.7K

Market Conditions

NOI Build-Up for 1,896 SF

Gross rent

$38.0K $20.04/SF

− Vacancy

−$950 −$0.50/SF

EGI

$37.0K $19.54/SF

− OpEx

−$9.3K −$4.88/SF

NOI

$27.8K $14.65/SF

Area

Yellowstone County, MT

Vacancy

2.50%

Lease Rate

$20.04 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$555,680

Cap Rate 7%

$396,914

Cap Rate 9%

$308,711

Alternative Uses

Best Use

Specialty Retail

$396.9K

$347.3K – $463.1K (±1% cap)

NOI $27,784 @ 7.0% cap · market cap 4.67%

Second Best

Retail

$259.4K

$227.0K – $302.6K (±1% cap)

NOI $18,156 @ 7.0% cap · market cap 3.05%

Theoretical Best

Office A

$411.9K

$360.4K – $480.5K (±1% cap)

NOI $28,831 @ 7.0% cap · market cap 4.85%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Open Analytics

Current Use

Tiger Town Gas Station ATM (Tiger Town) Atm

Suggested Use

Top Pick Plumbing Service Auto Parts Store Storage Facility Kitchen & Bath Showroom Veterinary Clinic Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

22

Businesses Nearby

Explore this area Business Placement

Demographics for 59006, MT

937

Population

504

Households

1.9

Avg Household Size

41

Median Age

9%

College-Educated

91%

High-School Grad

61.8 sq mi

ZIP Area

15

Density / Sq Mi

$47,670

Median Household Income

$43,750

Median Earnings

$852

Median Rent

$240,800

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Mixed-use property - The operation brings together convenience retail, vehicle services, lodging, mobile homes, and a post office building lease.

Where is this mixed-use property located?

The property is located at 2253 S 16th Road Ballantine, 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: Convenience store with gas pumps, laundromat, and car wash; Four‑room motel; Mobile home court with mobile homes