3116 1st Ave N, Billings, MT
1,348 SF office building on a 3,500 SF lot.
- Added:
- Jun 24, 2025
- Days on Market:
- 360
- Last Refresh:
- May 20 at 8:27 pm
Property Features for 3116 1st Ave N
General Information
- Standard status
- Active
- Size
- 1,348 SF
- Lot size
- 0.24 Acres
- Property subtype
- OFFICE
Listing agent George A. Warmer License #14174 (406) 855-8946
Listing office Coldwell Banker Commercial CBS (406) 855-8946
Listing date Jun 24, 2025
Source Moodyscre
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
HighLights
- Located just off Montana Ave
- Sale Price: $235,000
- 1,348 SF Office Building
- 3,500 SF Lot
- For Lease: $15 PSF NNN
Overview
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 | $23.5k | $17.40 |
| − Vacancy | −$3.8k | −$2.78 |
| EGI | $19.7k | $14.62 |
| − OpEx | −$4.9k | −$3.65 |
| NOI | $14.8k | $10.96 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Billings
- County
- Yellowstone
- State
- Montana
- Longitude
- -108.51
- Latitude
- 45.7798
