Gas Station/Retail Redevelopment
523 Hilltop Road Billings, MT 59105
523 Hilltop Road, Billings, MT, 59105
$2,195,000
For Sale
$2,195,000
6,746 SF gas station/retail building on 67,947 SF lot.
Property Size6,746 SF
Lot Size1.56 Acres
Price / SF$325.38
Days on Market112
Property Features for 523 Hilltop Road
General Information
- Standard status
- Active
- Size
- 6,746 SF
- Lot size
- 1.56 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1996
Listing agency
NAI Business Properties
(406) 672-0435
Listed by
Ethan Kanning · License #R​R​E​-​R​B​S​-​L​I​C​-​4​5​6​8​2
Source
Naiglobal
Added: Apr 1 Updated: Jul 10 at 3:55PM Checked: Jul 21 at 6:38AM
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.
The subject property features 6,746 square feet of retail space, situated on a 67,947 square foot lot. The retail space is divided into a 4,120 square foot convenience store, which includes 2,936 square feet of retail space and 1,184 square feet of storage and office space. Additionally, there is a 1,250 square foot restaurant space and a 1,376 square foot casino. The property also includes 1,110 square feet of basement space, previously used for lube shop operations with vehicle access, though this area is not included in the total building square footage. The basement has an estimated ceiling height of 7 feet. The seller is open to removing the tanks and canopies at their own expense. The buyer has the option to continue the Cenex fuel contract, or the seller can terminate it at closing if desired by the buyer. The casino is currently owner-operated, and the seller has a strong preference for a sale-leaseback arrangement on the casino space. The property is available for gas user or retail redevelopment.
Key Highlights
- 6,746 SF Gas Station/Retail Building on a 67,947 SF Lot suitable for Gas User or Retail Redevelopment.
- Includes a 4,120 SF Owner Operated C Store (2,936 SF Retail + 1,184 SF storage/office).
- Features 1,250 SF of Restaurant space.
Local Financial Insights For Specialty Retail
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 | $109.3k | $16.20 |
| − Vacancy | −$2.2k | −$0.32 |
| EGI | $107.1k | $15.88 |
| − OpEx | −$26.8k | −$3.97 |
| NOI | $80.3k | $11.91 |
6,746 SF · lease $16.20/SF/yr · vacancy 2.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.15M
$1.00M – $1.34M
NOI $80,325 @ 7.0% cap · market cap 3.66%
Second Best
Retail
$986.6K
$863.3K – $1.15M
NOI $69,062 @ 7.0% cap · market cap 3.15%
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M
NOI $103,036 @ 7.0% cap · market cap 4.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Blues BBQ
Restaurant
Hilltop Station Casino
Hotel & Motel
Cenex
Gas Station
Town Country Supply ...
Grocery & Convenience Store
Similar For Sale Nearby
FAQs
What type of property is this?
Gas station - 6,746 SF gas station/retail building on 67,947 SF lot.
Where is this gas station located?
The property is located at 523 Hilltop Road Billings, MT.
What is the asking price?
The asking price for this property is $2,195,000.
What are key features of this property?
This property features: 6,746 SF Gas Station/Retail Building on a 67,947 SF Lot suitable for Gas User or Retail Redevelopment.; Includes a **4,120 SF Owner Operated C Store** (2,936 SF Retail + 1,184 SF storage/office).; Features 1,250 SF of Restaurant space.
