Office Suite with Private
New
For Sale
Contact for pricing
2950 King Avenue West Basement, Billings, MT 59102
The lower-level suite has divided work areas, rear parking, and ramp access through its own entrance.
Property Size2,004 SF
Days on Market2
Property Features for 2950 King Avenue West Basement
General Information
Standard status
Active
Size
2,004 SF
Class
B
Property subtype
Office
Lease Term
Gross
Site & Location
Neighborhood
West Central
Road Access
Yes
Additional Details
Floor
Basement
Property Use
Office
Amenities
private rear entrance
ramp access
outdoor picnic table
Building Details
Building Size
2,004 SF
Properties For Sale
at 2950 King Avenue West Basement
2950 King Ave W, Basement
Size
2,004 SF
Term
Negotiable
Listing Agency:
Coldwell Banker Commercial CBS
Listed By:
Todd Sherman · License #MT #RRE-RBS-LIC-54530
(406) 570-8961
Source:
Cbcmontana
Added: Oct 30
Last Checked: Oct 30 at 3:10PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This lower-level office suite contains five private offices, with existing cubicle partitions and wall dividers creating additional separated work areas. The space is located within Pierce Flooring at 2950 King Avenue W in Billings.
A private rear entrance with ramp access serves the suite, and dedicated parking is available behind the building. An outdoor picnic table provides an employee break area.
A private rear entrance with ramp access serves the suite, and dedicated parking is available behind the building. An outdoor picnic table provides an employee break area.
Key Highlights
- Five private offices
- Existing cubicle partitions and wall dividers
- Dedicated parking behind the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,968
Suggested Prices Based on Cap Rates
Cap Rate 5%
$439,360
$439.4K
Cap Rate 7%
$313,829
$313.8K
Cap Rate 9%
$244,089
$244.1K
Market Conditions
NOI Build-Up for 2,004 SF
Gross rent
$34.9K $17.40/SF
− Vacancy
−$5.6K −$2.78/SF
EGI
$29.3K $14.62/SF
− OpEx
−$7.3K −$3.65/SF
NOI
$22.0K $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%
$439,360
Cap Rate 7%
$313,829
Cap Rate 9%
$244,089
Alternative Uses
Best Use
Office B
$313.8K
$274.6K – $366.1K
NOI $21,968 @ 7.0% cap · market cap 219,680.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$437.3K
$382.6K – $510.1K
NOI $30,608 @ 7.0% cap · market cap 306,080.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
554
Businesses Nearby
Explore this area
Business Placement
Demographics for 59102, MT
48,133
Population
22,706
Households
2.1
Avg Household Size
41
Median Age
43%
College-Educated
97%
High-School Grad
15.0 sq mi
ZIP Area
3,209
Density / Sq Mi
$75,140
Median Household Income
$43,203
Median Earnings
$1,148
Median Rent
$307,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - The lower-level suite has divided work areas, rear parking, and ramp access through its own entrance.
Where is this office unit located?
The property is located at 2950 King Avenue West Basement Billings, MT.
What are key features of this property?
This property features: Five private offices; Existing cubicle partitions and wall dividers; Dedicated parking behind the building
