Corner Brick Retail
644 Broadwater Avenue Billings, MT 59102
New
644 Broadwater Avenue, Billings, MT, 59102
$520,000
For Sale
$520,000
SINGLE_FAMILY - Billings, MT
Property Size3,120 SF
Lot Size0.24 Acres
Price / SF$166.67
Days on Market1
Property Features for 644 Broadwater Avenue
General Information
- Property type
- Residential
- Property subtype
- Retail
- Parking
- 14
- Parking features
- On Street
- Standard status
- Active
- APN
- A18889
- Size
- 3,120 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Description
- Lots 24, 25 & 26 Block 3 Yellowstone Addition, S04, T01S, R26E
- Tax Annual Amount
- 3880
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1994
- Floors in Building
- 2
- Building materials
- Frame, WoodSiding
- Roof type
- Composition
Listing agency
Romine Real Estate
(406) 671-7444
Listed by
Thomas Romine · License #RRE-BRO-LIC-3485
(406) 671-7444
Added: Jul 21 Checked: Jul 21 at 10:06PM
MLS# 360808
Copyright © 2026 Billings Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Midtown free-standing, brick-faced retail building offering a front showroom/retail area and a back portion configured for offices, two bathrooms, a breakroom, and secure storage. The interior was remodeled in 2010, and the roof was re-done in 2022. A 720 sq ft basement provides additional storage and houses the mechanical room.
The building is located on the corner of Broadwater and 7th St W in Billings, MT. The current long-term tenant occupies the space, with a lease expiration of 1/31/28. Monthly rent is $3,800, with a 3% monthly rent increase scheduled for 2027. A 2023 traffic count reported 16,070 vehicles one block east.
Property size is listed at 3,120 square feet, with a lot size of 0.241 acres. The asset is presented for either owner-user use or investment, with flexibility noted for retail, office, or medical uses.
The building is located on the corner of Broadwater and 7th St W in Billings, MT. The current long-term tenant occupies the space, with a lease expiration of 1/31/28. Monthly rent is $3,800, with a 3% monthly rent increase scheduled for 2027. A 2023 traffic count reported 16,070 vehicles one block east.
Property size is listed at 3,120 square feet, with a lot size of 0.241 acres. The asset is presented for either owner-user use or investment, with flexibility noted for retail, office, or medical uses.
Key Highlights
- Free‑standing retail building on the corner of Broadwater and 7th St W, with interior remodeled in 2010
- Front showroom/retail area plus back offices, two bathrooms, breakroom, and secure storage
- Basement includes 720 sq ft for additional storage and houses the mechanical room
Local 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
Retail
$456.3K
$399.3K – $532.4K
NOI $31,941 @ 7.0% cap · market cap 6.14%
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
Property Profile
Location Intelligence
Current Use by Public Records
AT&T Store
Mobile Phone Store
Similar For Sale Nearby
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 - Free-standing brick building with remodeled showroom/retail frontage and back office support space plus basement storage.
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: Free‑standing retail building on the corner of Broadwater and 7th St W, with interior remodeled in 2010; Front showroom/retail area plus back offices, two bathrooms, breakroom, and secure storage; Basement includes 720 sq ft for additional storage and houses the mechanical room
