Office Building with Elevator
For Sale
Contact for pricing
2702 Montana, Billings, MT 59101
Elevator-accessible office building with ADA restrooms, fully sprinklered systems, and on-site parking.
Property Size4,868 SF
Price / SF$154.07
Days on Market425
Property Features for 2702 Montana
General Information
Standard status
Active
Size
4,868 SF
Total Parking Spaces
50
Elevators
Yes
Property subtype
OFFICE
Additional Details
Sprinkler System
Yes
Amenities
Corner Signage Opportunity
ADA Restrooms
Listing Agency:
Coldwell Banker Commercial CBS
(406) 855-8946
Listed By:
George A. Warmer · License #54530
(406) 855-8946
Source:
Moodyscre
Added: Jun 24, 2025
Changed: Jul 31
Last Checked: Aug 21 at 6:12AM
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 office building offers elevator access along with ADA restrooms and fully sprinklered protection. The interior layout includes 11 offices, plus a reception area, training room, kitchen, and conference room—well suited for professional office use with multiple workspaces and meeting needs.
The property also provides 50 parking spaces available, with monthly fees applying. It is positioned as a corner location with signage opportunity, and the address is 2702 Montana, Billings, MT 59101.
With approximately 4,868 square feet of space, the configuration supports a tenant that wants distinct office rooms and dedicated common areas for reception, training, and conferencing.
The property also provides 50 parking spaces available, with monthly fees applying. It is positioned as a corner location with signage opportunity, and the address is 2702 Montana, Billings, MT 59101.
With approximately 4,868 square feet of space, the configuration supports a tenant that wants distinct office rooms and dedicated common areas for reception, training, and conferencing.
Key Highlights
- Approximately 4,868 SF office building
- Elevator access and ADA restrooms
- Fully sprinkled building
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$53,363
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,067,260
$1.1M
Cap Rate 7%
$762,329
$762.3K
Cap Rate 9%
$592,922
$592.9K
Market Conditions
NOI Build-Up for 4,868 SF
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.
Gross rent
$84.7K $17.40/SF
− Vacancy
−$13.6K −$2.78/SF
EGI
$71.2K $14.62/SF
− OpEx
−$17.8K −$3.65/SF
NOI
$53.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,067,260
Cap Rate 7%
$762,329
Cap Rate 9%
$592,922
Alternative Uses
Best Use
Office B
$762.3K
$667.0K – $889.4K
NOI $53,363 @ 7.0% cap · market cap 7.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.06M
$929.4K – $1.24M
NOI $74,352 @ 7.0% cap · market cap 9.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
3,282
Businesses Nearby
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Elevator-accessible office building with ADA restrooms, fully sprinklered systems, and on-site parking.
Where is this office building located?
The property is located at 2702 Montana Billings, MT.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Approximately 4,868 SF office building; Elevator access and ADA restrooms; Fully sprinkled building
