Flex Space with Office and
For Sale
$899,000
2404 6th Avenue North, Billings, MT 59101
Office and shop improvements provide a versatile commercial configuration with potential for multiple separate suites.
Property Size6,975 SF
Lot Size0.64 Acres
Price / SF$128.89
Days on Market136
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Property Features for 2404 6th Avenue North
General Information
Standard status
Active
Size
6,975 SF
Class
A
Lot size
0.64 Acres
Property subtype
Office
Zoning
DX
Additional Details
Road Access
Yes
Building Details
Building Size
6,975 SF
Buildings
2
Listing Agency:
Coldwell Banker Commercial CBS
Listed By:
Michael Speidel · License #MT #RRE-RBS-LIC-109468
(406) 601-9695
Source:
Cbcmontana
Added: Jun 2
Changed: Oct 9
Last Checked: Oct 14 at 9:20PM
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
Investment Insights
Based on property information with market context.
This flex property combines a 6,975 SF office building with 1,820 SF of shop space on a 0.64-acre parcel. The office layout can be configured as three separate leasable areas, each with its own private bathroom, creating a practical setup for multiple occupants or users within one commercial asset.
The property fronts 6th Avenue North in Billings and records 14,500 VPD based on 2024 AADT data. It is located within the Downtown Billings TIF District and sits only blocks from Billings Clinic and Intermountain Health. DX Downtown Support permissive zoning adds flexibility to the property’s commercial positioning.
The property fronts 6th Avenue North in Billings and records 14,500 VPD based on 2024 AADT data. It is located within the Downtown Billings TIF District and sits only blocks from Billings Clinic and Intermountain Health. DX Downtown Support permissive zoning adds flexibility to the property’s commercial positioning.
Key Highlights
- 6,975 SF office building paired with 1,820 SF shop space
- 0.64‑acre property fronting 6th Avenue North
- Office area can be divided into three separate leasable spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,460
Cap Rate
8.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,529,200
$1.5M
Cap Rate 7%
$1,092,286
$1.1M
Cap Rate 9%
$849,556
$849.6K
Market Conditions
NOI Build-Up for 6,975 SF
Gross rent
$121.4K $17.40/SF
− Vacancy
−$19.4K −$2.78/SF
EGI
$101.9K $14.62/SF
− OpEx
−$25.5K −$3.65/SF
NOI
$76.5K $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%
$1,529,200
Cap Rate 7%
$1,092,286
Cap Rate 9%
$849,556
Alternative Uses
Best Use
Office B
$1.09M
$955.8K – $1.27M
NOI $76,460 @ 7.0% cap · market cap 8.51%
Second Best
Flex RnD
$778.0K
$680.7K – $907.7K
NOI $54,459 @ 7.0% cap · market cap 6.06%
Theoretical Best
Office A
$1.52M
$1.33M – $1.78M
NOI $106,533 @ 7.0% cap · market cap 11.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,745
Businesses Nearby
Balanced
Demand for This Use
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- Crepe Diem — 224 N Broadway, Billings, MT 59101
- Bull Hollow Barbecue and Catering — Billings, MT 59101
Frequently Asked Questions
What type of property is this?
Flex space - Office and shop improvements provide a versatile commercial configuration with potential for multiple separate suites.
Where is this flex space located?
The property is located at 2404 6th Avenue North Billings, MT.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 6,975 SF office building paired with 1,820 SF shop space; 0.64‑acre property fronting 6th Avenue North; Office area can be divided into three separate leasable spaces
