Corner Retail Building with
644 Broadwater Avenue Billings, MT 59102
New
For Sale
$520,000
Freestanding brick corner building with remodeled interior retail showroom front and office space at the rear.
Property Size3,120 SF
Price / SF$166.67
Days on Market3
Property Features for 644 Broadwater Avenue
General Information
- Standard status
- Active
- Size
- 3,120 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1994
Listing Agency:
Romine Real Estate
(406) 671-7444
Listed By:
Thomas Romine · License #RRE-BRO-LIC-3485
Source:
Clearwaterproperties
Added: Jul 24
Changed: Jul 25
Last Checked: Jul 25 at 6:43PM
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 Romine Real Estate
Investment Insights
Based on property information with market context.
Midtown free standing brick-faced retail building offering a flexible mix of front showroom/retail space and back office use. The interior was remodeled in 2010 and is currently configured with offices, two bathrooms, a breakroom, and secure storage. A 720 sq ft basement adds additional storage and houses the mechanical room. Re-roofing was completed in 2022.
The building is located on a corner at Broadwater and 7th St W in Billings, MT. The most recent traffic count provided is for 1 block east in 2023.
For sale as an investment or owner-user property, the building has a long-term tenant in place with a current lease expiring 1/31/28. Rent is listed at $3,800 per month, with monthly rent increases of 3% in 2027.
The building is located on a corner at Broadwater and 7th St W in Billings, MT. The most recent traffic count provided is for 1 block east in 2023.
For sale as an investment or owner-user property, the building has a long-term tenant in place with a current lease expiring 1/31/28. Rent is listed at $3,800 per month, with monthly rent increases of 3% in 2027.
Key Highlights
- Freestanding brick corner retail building on Broadwater and 7th St W with remodeled interior (2010).
- Front showroom/retail area with rear office space, including 2 bathrooms, breakroom, and secure storage.
- Basement offers 720 SF of additional storage and houses the mechanical room.
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 | $54.3k | $17.40 |
| − Vacancy | −$8.7k | −$2.78 |
| EGI | $45.6k | $14.62 |
| − OpEx | −$11.4k | −$3.65 |
| NOI | $34.2k | $10.96 |
3,120 SF · lease $17.40/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$488.6K
$427.5K – $570.0K
NOI $34,201 @ 7.0% cap · market cap 6.58%
Second Best
Healthcare Medical
$480.1K
$420.1K – $560.1K
NOI $33,606 @ 7.0% cap · market cap 6.46%
Theoretical Best
Office A
$680.8K
$595.7K – $794.2K
NOI $47,654 @ 7.0% cap · market cap 9.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
AT&T Store
Mobile Phone Store
Similar Off Market Nearby
- Albertsons Floral — 1212 Grand Ave, Billings, MT 59102
- Albertsons Floral — 511 Central Ave, Billings, MT 59102
FAQs
What type of property is this?
Storefront property - Freestanding brick corner building with remodeled interior retail showroom front and office space at the rear.
Where is this storefront property located?
The property is located at 644 Broadwater Avenue Billings, MT.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: Freestanding brick corner retail building on Broadwater and 7th St W with remodeled interior (2010).; Front showroom/retail area with rear office space, including 2 bathrooms, breakroom, and secure storage.; Basement offers 720 SF of additional storage and houses the mechanical room.
