Shop and Retail Office
For Sale
$1,300,000
2271 Eldorado Dr, Billings, MT 59102
Combination shop space with retail and office areas totaling 9,144 SF.
Property Size9,144 SF
Price / SF$142.17
Days on Market131
Property Features for 2271 Eldorado Dr
General Information
Standard status
Active
Size
9,144 SF
Property subtype
Retail
Site & Location
Neighborhood
East Central
Building Details
Building Size
9,144 SF
Year Built
1978
Listing Agency:
Coldwell Banker Commercial CBS
Listed By:
Bruce Knudsen · License #MT #RRE-BRO-LIC-127352
(406) 698-8636
Source:
Cbcmontana
Added: Jun 17
Changed: Oct 4
Last Checked: Oct 24 at 1:48PM
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 offering is a combination commercial property with shop space plus retail and office areas, totaling 9,144 SF. The layout is suited for a business needing a mix of customer-facing and workspace components within the same building footprint.
The property is located at 2271 Eldorado Drive in Billings, Montana, and is presented For Sale.
If you’re looking for a single site that can accommodate both operating and front-of-house space, this configuration provides a practical starting point with multiple functional areas under one roof.
The property is located at 2271 Eldorado Drive in Billings, Montana, and is presented For Sale.
If you’re looking for a single site that can accommodate both operating and front-of-house space, this configuration provides a practical starting point with multiple functional areas under one roof.
Key Highlights
- Combination of shop space with retail and office areas
- Total area: 9,144 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$93,612
Cap Rate
7.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,872,240
$1.9M
Cap Rate 7%
$1,337,314
$1.3M
Cap Rate 9%
$1,040,133
$1.0M
Market Conditions
NOI Build-Up for 9,144 SF
Gross rent
$137.2K $15.00/SF
− Vacancy
−$3.4K −$0.38/SF
EGI
$133.7K $14.63/SF
− OpEx
−$40.1K −$4.39/SF
NOI
$93.6K $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%
$1,872,240
Cap Rate 7%
$1,337,314
Cap Rate 9%
$1,040,133
Alternative Uses
Best Use
Retail
$1.34M
$1.17M – $1.56M
NOI $93,612 @ 7.0% cap · market cap 7.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.00M
$1.75M – $2.33M
NOI $139,662 @ 7.0% cap · market cap 10.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
930
Businesses Nearby
433k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 32%
Shops & Services 26%
Apparel 24%
Groceries 10%
Hobby Lobby
Shops & Services
60,997 visits/mo
0.3 miles
Dillard's
Apparel
35,337 visits/mo
0.3 miles
JCPenney
Apparel
31,523 visits/mo
0.4 miles
Albertsons
Groceries
30,467 visits/mo
0.1 miles
T.J. Maxx
Apparel
29,391 visits/mo
0.4 miles
Demographics for 59102, MT
48,133
Population
22,706
Households
2.1
Avg Household Size
41
Median Age
43%
College-Educated
97%
High-School Grad
15.0 sq mi
ZIP Area
3,209
Density / Sq Mi
$75,140
Median Household Income
$43,203
Median Earnings
$1,148
Median Rent
$307,400
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
Similar Off Market Nearby
- Lowe's Home Improvement — 2717 King Ave W, Billings, MT 59102
- Carpet One Floor & Home Of Billings — 505 S 24th St W, Billings, MT 59102
- Carpet Remnants — 505 S 24th St W, Billings, MT 59102
Frequently Asked Questions
What type of property is this?
Showroom - Combination shop space with retail and office areas totaling 9,144 SF.
Where is this showroom located?
The property is located at 2271 Eldorado Dr Billings, MT.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Combination of shop space with retail and office areas; Total area: 9,144 SF
