Gas Station/Retail Redevelopment
For Sale
$2,195,000
523 Hilltop Road, Billings, MT 59105
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 Market203
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
Building Size
6,746 SF
Year Built
1996
Listing Agency:
NAI Business Properties
Listed By:
Ethan Kanning · License #RRE-RBS-LIC-45682
(406) 672-0435
Source:
Naiglobal
Added: Apr 1
Changed: Oct 4
Last Checked: Oct 19 at 5:10AM
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
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.
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,325
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,606,500
$1.6M
Cap Rate 7%
$1,147,500
$1.1M
Cap Rate 9%
$892,500
$892.5K
Market Conditions
NOI Build-Up for 6,746 SF
Gross rent
$109.3K $16.20/SF
− Vacancy
−$2.2K −$0.32/SF
EGI
$107.1K $15.88/SF
− OpEx
−$26.8K −$3.97/SF
NOI
$80.3K $11.91/SF
Area
Billings, MT
Vacancy
2.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,606,500
Cap Rate 7%
$1,147,500
Cap Rate 9%
$892,500
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 authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
511
Businesses Nearby
234k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 48%
Shops & Services 26%
Groceries 19%
Home Improvements & Furnishings 3%
Albertsons
Groceries
45,635 visits/mo
0.3 miles
Wendy's
Dining
25,943 visits/mo
0.5 miles
Taco Bell
Dining
23,524 visits/mo
0.2 miles
Town Pump
Shops & Services
19,607 visits/mo
0.5 miles
SONIC Drive In
Dining
15,369 visits/mo
0.3 miles
Demographics for 59105, MT
33,310
Population
14,198
Households
2.3
Avg Household Size
37
Median Age
30%
College-Educated
96%
High-School Grad
95.9 sq mi
ZIP Area
347
Density / Sq Mi
$74,572
Median Household Income
$44,359
Median Earnings
$1,261
Median Rent
$314,900
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
Frequently Asked Questions
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.
