Office Building Near Montana
For Sale
Contact for pricing
3116 1st Ave N, Billings, MT
1,348 SF office building on a 3,500 SF lot.
Property Size1,348 SF
Lot Size0.24 Acres
Price / SF$174.33
Days on Market479
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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 Agency:
Coldwell Banker Commercial CBS
(406) 656-2001
Listed By:
George A. Warmer · License #14174
(406) 855-8946
Source:
Moodyscre
Added: Jun 24, 2025
Changed: Oct 13
Last Checked: Oct 15 at 2:15AM
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
Investment Insights
Based on property information with market context.
This 1,348 square foot office building is situated on a 3,500 square foot lot. The property is located just off Montana Avenue and is available for sale.
Key Highlights
- Located just off Montana Ave
- Sale Price: $235,000
- 1,348 SF Office Building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,777
Cap Rate
6.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$295,540
$295.5K
Cap Rate 7%
$211,100
$211.1K
Cap Rate 9%
$164,189
$164.2K
Market Conditions
NOI Build-Up for 1,348 SF
Gross rent
$23.5K $17.40/SF
− Vacancy
−$3.8K −$2.78/SF
EGI
$19.7K $14.62/SF
− OpEx
−$4.9K −$3.65/SF
NOI
$14.8K $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%
$295,540
Cap Rate 7%
$211,100
Cap Rate 9%
$164,189
Alternative Uses
Best Use
Office B
$211.1K
$184.7K – $246.3K
NOI $14,777 @ 7.0% cap · market cap 6.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$294.1K
$257.4K – $343.2K
NOI $20,589 @ 7.0% cap · market cap 8.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,222
Businesses Nearby
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Business Placement
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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 building - 1,348 SF office building on a 3,500 SF lot.
Where is this office building located?
The property is located at 3116 1st Ave N Billings, MT.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Located just off Montana Ave; Sale Price: $235,000; 1,348 SF Office Building
