720 Washington St Billings, MT 59101
For Sale
$1,985,000
Billings event venue on 3 acres with a botanical garden, pavilion and gazebo, plus three residential homes for income.
Property Size9,244 SF
Lot Size3.00 Acres
Price / SF$214.73
Days on Market85
Property Features for 720 Washington St
General Information
- Standard status
- Active
- Property type
- Wedding venues, Specialty properties, Single family properties, Residential income properties, Commercial real estate
- Size
- 9,244 SF
- Lot size
- 3.00 Acres
Building Details
- Year Built
- 1940
Listing Agency:
(406) 690-0353
Listed By:
Andrew
(406) 690-0353
Added: May 1
Changed: Jul 23
Financial Insights For Apartment 5plus
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 | $149.8k | $16.20 |
| − Vacancy | −$7.5k | −$0.81 |
| EGI | $142.3k | $15.39 |
| − OpEx | −$64.0k | −$6.93 |
| NOI | $78.2k | $8.46 |
9,244 SF · lease $16.20/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.12M
$978.1K – $1.30M
NOI $78,246 @ 7.0% cap · market cap 3.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.02M
$1.76M – $2.35M
NOI $141,189 @ 7.0% cap · market cap 7.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
DanWalt Gardens
Wedding Venue
FAQs
What type of property is this?
Wedding venue - Billings event venue on 3 acres with a botanical garden, pavilion and gazebo, plus three residential homes for income.
Where is this wedding venue located?
The property is located at 720 Washington St Billings, MT.
What is the asking price?
The asking price for this property is $1,985,000.
