Executive Medical Office &
2747 Enterprise Ave Billings, MT 59102
2747 Enterprise Ave, Billings, MT, 59102
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For Sale
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Executive medical office offering 11 private offices, ADA access, and a finished warehouse with a 12' overhead door.
Property Size7,145 SF
Price / SF$153.95
Days on Market92
Property Features for 2747 Enterprise Ave
General Information
- Standard status
- Active
- Size
- 7,145 SF
- Property subtype
- Office, Special Purpose
Building Details
- Year Built
- 2002
Listing agency
The Agency Montana
(406) 800-1222
Listed by
Lauren Bond · License #BRO 54002
Source
Crexi
Added: Apr 22 Updated: Jul 21 at 8:40PM Checked: Jul 21 at 8:40PM
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 The Agency Montana
Investment Insights
Based on property information with market context.
This executive medical office and finished warehouse is configured with two entry doors and originally set up as two units, creating flexibility to re-split if desired. A separate side entrance adds an additional waiting room area, and the space is designed with no steps for ADA accessibility. Interior improvements include 11 private offices, several other large rooms suitable for additional office use, and a finished warehouse area with a 12' overhead door. The unit also includes a kitchen/break room and a patio with turfed landscaping for low-maintenance upkeep, with 13' and 16' ceilings throughout.
The property sits within a well-maintained commercial development just off King Ave and Gabel Rd, positioned behind the Home Depot shopping center. It is part of a small, well-managed HOA.
The current space is occupied by the owners, who will vacate at closing, and it presents a combined office and warehouse layout within an HOA-managed commercial complex.
The property sits within a well-maintained commercial development just off King Ave and Gabel Rd, positioned behind the Home Depot shopping center. It is part of a small, well-managed HOA.
The current space is occupied by the owners, who will vacate at closing, and it presents a combined office and warehouse layout within an HOA-managed commercial complex.
Key Highlights
- Year built 2002 executive medical office in a well‑maintained commercial development off King Ave and Gabel Rd.
- Originally set up as 2 units with 2 entry doors; opportunity to re‑split if desired.
- ADA‑compliant with no steps, plus a separate side entrance for an additional waiting room area.
Local Financial Insights For Office B
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 | $124.3k | $17.40 |
| − Vacancy | −$19.9k | −$2.78 |
| EGI | $104.4k | $14.62 |
| − OpEx | −$26.1k | −$3.65 |
| NOI | $78.3k | $10.96 |
7,145 SF · lease $17.40/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.12M
$979.0K – $1.31M
NOI $78,323 @ 7.0% cap · market cap 7.12%
Second Best
Healthcare Medical
$1.10M
$962.0K – $1.28M
NOI $76,960 @ 7.0% cap · market cap 7.00%
Theoretical Best
Office A
$1.56M
$1.36M – $1.82M
NOI $109,130 @ 7.0% cap · market cap 9.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Yellowstone Therapy Center
Physician
Omnicare Inc.
Pharmacy
Walman Optical
Big Box & Wholesale Store
Mrs. Amanda Racette
Physician
Tint Guy
Interior Design
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FAQs
What type of property is this?
Medical Office Space - Executive medical office offering 11 private offices, ADA access, and a finished warehouse with a 12' overhead door.
Where is this medical office space located?
The property is located at 2747 Enterprise Ave Billings, MT.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Year built 2002 executive medical office in a well‑maintained commercial development off King Ave and Gabel Rd.; Originally set up as 2 units with 2 entry doors; opportunity to re‑split if desired.; ADA‑compliant with no steps, plus a separate side entrance for an additional waiting room area.
