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2910 3rd Avenue North, Billings, MT 59101
CBD-zoned downtown space can be configured as one suite or divided into two.
Property Size4,179 SF
Price / SF$0.00
Days on Market2
Property Features for 2910 3rd Avenue North
General Information
Standard status
Active
Size
4,179 SF
Class
B
Property subtype
Office
Zoning
CBD
Lease Term
NNN
Site & Location
Neighborhood
North Side
Building Details
Building Size
4,179 SF
Properties For Sale
at 2910 3rd Avenue North
2910 3rd Ave N
Size
4,179 SF
Term
Negotiable
Listing Agency:
Coldwell Banker Commercial CBS
Listed By:
Mike Bruschwein · License #MT #RRE-RBS-LIC-92467
(406) 697-6176
Source:
Cbcmontana
Added: Oct 24
Last Checked: Oct 24 at 2:34PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property contains approximately 4,179 SF of existing office build-out, with the option to divide the space into two suites of approximately 2,000 SF each. A landlord-provided allowance covers carpet and paint. The property is zoned CBD (Central Business District).
In downtown Billings, the office is within walking distance of City Hall, the Yellowstone County Courthouse, and the downtown retail, dining, and business core.
In downtown Billings, the office is within walking distance of City Hall, the Yellowstone County Courthouse, and the downtown retail, dining, and business core.
Key Highlights
- ±4,179 SF of existing office build‑out
- Divisible into two ±2,000 SF spaces
- CBD (Central Business District) zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,810
Suggested Prices Based on Cap Rates
Cap Rate 5%
$916,200
$916.2K
Cap Rate 7%
$654,429
$654.4K
Cap Rate 9%
$509,000
$509.0K
Market Conditions
NOI Build-Up for 4,179 SF
Gross rent
$72.7K $17.40/SF
− Vacancy
−$11.6K −$2.78/SF
EGI
$61.1K $14.62/SF
− OpEx
−$15.3K −$3.65/SF
NOI
$45.8K $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%
$916,200
Cap Rate 7%
$654,429
Cap Rate 9%
$509,000
Alternative Uses
Best Use
Office B
$654.4K
$572.6K – $763.5K
NOI $45,810 @ 7.0% cap · market cap 482,210.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$911.8K
$797.9K – $1.06M
NOI $63,828 @ 7.0% cap · market cap 671,873.68%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,700
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - CBD-zoned downtown space can be configured as one suite or divided into two.
Where is this office unit located?
The property is located at 2910 3rd Avenue North Billings, MT.
What are key features of this property?
This property features: ±4,179 SF of existing office build‑out; Divisible into two ±2,000 SF spaces; CBD (Central Business District) zoning
