Furnished Retail
New
For Sale
Contact for pricing
6170 Elysian Rd Apt 102, Billings, MT 59101
An open-plan suite includes a kitchenette and restroom for day-to-day use.
Property Size864 SF
Price / SF$2.08
Days on Market2
Property Features for 6170 Elysian Rd Apt 102
General Information
Standard status
Active
Size
864 SF
Property subtype
Retail
Lease Term
MG
Site & Location
Neighborhood
South Central
Building Details
Building Size
864 SF
Year Built
2022
Properties For Sale
at 6170 Elysian Rd Apt 102
Ste 102
Size
864 SF
Term
Negotiable
Listing Agency:
Coldwell Banker Commercial CBS
Listed By:
Michael Speidel · License #MT #RRE-RBS-LIC-109468
(406) 601-9695
Source:
Cbcmontana
Added: Oct 24
Last Checked: Oct 24 at 2:57PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 864-square-foot retail suite was built in 2022 and is offered furnished. Its modern open layout includes a kitchenette and restroom, creating a compact, self-contained space in Billings, Montana.
Key Highlights
- 864 SF of furnished retail space
- Built in 2022
- Open layout with kitchenette and restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,845
Suggested Prices Based on Cap Rates
Cap Rate 5%
$176,900
$176.9K
Cap Rate 7%
$126,357
$126.4K
Cap Rate 9%
$98,278
$98.3K
Market Conditions
NOI Build-Up for 864 SF
Gross rent
$13.0K $15.00/SF
− Vacancy
−$324 −$0.38/SF
EGI
$12.6K $14.63/SF
− OpEx
−$3.8K −$4.39/SF
NOI
$8.8K $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%
$176,900
Cap Rate 7%
$126,357
Cap Rate 9%
$98,278
Alternative Uses
Best Use
Retail
$126.4K
$110.6K – $147.4K
NOI $8,845 @ 7.0% cap · market cap 491.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$188.5K
$165.0K – $219.9K
NOI $13,196 @ 7.0% cap · market cap 733.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
124
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - An open-plan suite includes a kitchenette and restroom for day-to-day use.
Where is this retail space located?
The property is located at 6170 Elysian Rd Apt 102 Billings, MT.
What are key features of this property?
This property features: 864 SF of furnished retail space; Built in 2022; Open layout with kitchenette and restroom
