Fully Leased Storefront
For Sale
$1,295,000
3012 4th Avenue N, Billings, MT 59101
Renovated commercial building with CBD zoning and an established fully leased occupancy profile.
Property Size5,995 SF
Price / SF$216.01
Days on Market199
Property Features for 3012 4th Avenue N
General Information
Standard status
Active
Size
5,995 SF
Property subtype
Street Retail
Zoning
CBD
Occupancy
100%
Building Details
Building Size
5,995 SF
Year Built
1995
Year Renovated
2005
Listing Agency:
NAI Business Properties
Listed By:
Matt Robertson · License #14178
(406) 671-1158
Source:
Thebrokerlist
Added: Mar 31
Changed: Oct 6
Last Checked: Oct 14 at 7:38PM
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 NAI Business Properties
Investment Insights
Based on property information with market context.
This storefront property contains 5,995 SF and was constructed in 1995 before receiving renovations in 2005. The building is fully leased and carries CBD zoning, supporting its use as a central business district retail asset.
Located at 3012 4th Avenue N in Billings, the property is near the Yellowstone Art Museum, Alberta Bair Theater, and the retail and dining activity along 4th Avenue N. Its downtown-area setting places the building within an established commercial environment.
Located at 3012 4th Avenue N in Billings, the property is near the Yellowstone Art Museum, Alberta Bair Theater, and the retail and dining activity along 4th Avenue N. Its downtown-area setting places the building within an established commercial environment.
Key Highlights
- 5,995 SF storefront building
- Constructed in 1995 and renovated in 2005
- Fully leased occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,374
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,227,480
$1.2M
Cap Rate 7%
$876,771
$876.8K
Cap Rate 9%
$681,933
$681.9K
Market Conditions
NOI Build-Up for 5,995 SF
Gross rent
$89.9K $15.00/SF
− Vacancy
−$2.2K −$0.38/SF
EGI
$87.7K $14.63/SF
− OpEx
−$26.3K −$4.39/SF
NOI
$61.4K $10.24/SF
Area
Billings, MT
Vacancy
2.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,227,480
Cap Rate 7%
$876,771
Cap Rate 9%
$681,933
Alternative Uses
Best Use
Retail
$876.8K
$767.2K – $1.02M
NOI $61,374 @ 7.0% cap · market cap 4.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.31M
$1.14M – $1.53M
NOI $91,565 @ 7.0% cap · market cap 7.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
3,600
Businesses Nearby
87k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 32%
Shops & Services 27%
Groceries 21%
Hotels & Casinos 16%
Albertsons
Groceries
17,906 visits/mo
0.4 miles
Holiday Station Store
Shops & Services
12,567 visits/mo
0.5 miles
Hardee's
Dining
9,472 visits/mo
0.3 miles
DoubleTree by Hilton Hotel Billings
Hotels & Casinos
8,726 visits/mo
0.4 miles
Perkins Restaurant & Bakery
Dining
8,115 visits/mo
0.5 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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Similar Off Market Nearby
- Mac's Floral — 2520 1st Ave N #6, Billings, MT 59101
Frequently Asked Questions
What type of property is this?
Storefront property - Renovated commercial building with CBD zoning and an established fully leased occupancy profile.
Where is this storefront property located?
The property is located at 3012 4th Avenue N Billings, MT.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: 5,995 SF storefront building; Constructed in 1995 and renovated in 2005; Fully leased occupancy
