2502-2510 Overland Ave, Billings, MT
3,600 SF industrial/flex space with income-generating lease.
- Added:
- Mar 17, 2025
- Days on Market:
- 478
- Last Refresh:
- May 20 at 9:23 pm
Property Features for 2502-2510 Overland Ave
General Information
- Standard status
- Active
- Size
- 3,600 SF
- Lot size
- 1.27 Acres
- Property subtype
- INDUSTRIAL
Listing office NAI Business Properties (406) 860-1567
Listing date Mar 17, 2025
Source Moodyscre
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HighLights
- Consistent income generation under a new three‑year lease with annual increases.
- Versatile space: Enjoy 2,000 SF of heated warehouse and 1,600 SF of office/retail space.
- Low owner responsibility and expenses.
- Easy access: Features a 12' x 14' overhead door.
- Includes two private offices and a restroom.
- Convenient location suitable for industrial and flex space businesses.
Overview
Local Financial Insights For Flex RnD
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 | $47.5k | $13.20 |
| − Vacancy | −$4.3k | −$1.19 |
| EGI | $43.2k | $12.01 |
| − OpEx | −$15.1k | −$4.20 |
| NOI | $28.1k | $7.81 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Billings
- County
- Yellowstone
- State
- Montana
- Longitude
- -108.581
- Latitude
- 45.7493
