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    208 29Th St Billings, MT 59101

    Sponsored
    For Lease
    $5 SF/Yr

    Flexible Workspace Solutions in Montana

    Lot size:
    6,249 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    400
    This exceptional office space in Billings, Montana, offers a diverse range of flexible workspace solutions catering to various business needs. Located at 208 N 29th St, 2nd Floor, in Yellowstone County, this property provides a variety of options, including traditional office suites, executive offices, coworking spaces, medical offices, and creative office environments. The space is ideal for businesses of all sizes, from solo entrepreneurs to large corporations, offering customizable solutions ranging from single desks to over 100 desks. Tenancy is multiple, allowing for a diverse and collaborative work environment. Options include fully furnished and equipped private offices, tailored to specific requirements, serviced offices, custom office spaces, disaster recovery spaces, and day offices. Coworking spaces provide a shared office or open-plan area, with options for daily or hot desk reservations. A comprehensive suite of meeting rooms is available, accommodating various needs from informal chats to large conferences. Virtual office options are also available, providing prestigious business addresses, mail handling, and virtual assistant services, including lounge access and office days. Flexible working plans offer access to a global network of workspaces, providing options for 5, 10, or unlimited days per month. This prime location in Billings offers a professional, inspiring, and collaborative work environment, complete with a benefits program including exclusive discounts and procurement support. The property is conveniently located in the 59101 zip code. While the total square footage is not currently specified, the space is highly adaptable to meet a wide range of business needs.

    Property Features for 208 29Th St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,249 SF

    Unit(s) available at that property

    Space
    Virtual Office
    Size
    54 SF
    Rate per SF
    $42
    Space
    Flexible coworking membership
    Size
    108 SF
    Rate per SF
    $13
    Space
    Flexible office membership
    Size
    108 SF
    Rate per SF
    $24
    Space
    Private office for 1 person
    Size
    538 SF
    Rate per SF
    $5
    Space
    Private office for 2 people
    Size
    538 SF
    Rate per SF
    $8
    Space
    Private office for 3 people
    Size
    646 SF
    Rate per SF
    $10
    Space
    Private office for 4 people
    Size
    646 SF
    Rate per SF
    $13
    Space
    Private office for 5 people
    Size
    807 SF
    Rate per SF
    $13
    Space
    Open plan office space for + 10 people
    Size
    1,184 SF
    Rate per SF
    $13
    Space
    Open plan office space for + 15 people
    Size
    1,292 SF
    Rate per SF
    $15
    Space
    Coworking space
    Size
    328 SF
    Rate per SF
    $5

    HighLights

    • Private, furnished, and equipped offices; options include serviced, custom, disaster recovery, and day offices.
    • Coworking spaces with dedicated desks and hot‑desking options.
    • Meeting rooms with technology, support, and catering options.
    • Virtual offices with mail forwarding and call answering services available.
    • Flexible memberships offering office, coworking, and lounge access across a global network.
    • Images shown may not represent this specific center.
    Property Profile Location Intelligence

    Current Use by Public Records

    Stovall & Stovall Private Private Investigator Sage Hill Counselling ... Counselor Murtagh Municipal Engineering Engineer Back 2 Basics ... Family Counselor Austin Logan, LCPC Counselor

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Billings
    County
    Yellowstone
    State
    Montana
    Longitude
    -108.508511
    Latitude
    45.7824345

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    FAQs

    What type of property is this?
    Office space - Flexible Workspace Solutions in Montana
    Where is this office space located?
    The property is located at 208 29Th St Billings, MT.
    What is the lease rate?
    The lease rate is $5-$42 SF/Yr.
    What are key features of this property?
    This property features: Private, furnished, and equipped offices; options include serviced, custom, disaster recovery, and day offices.; Coworking spaces with dedicated desks and hot-desking options.; Meeting rooms with technology, support, and catering options.
    Request Owner's contact information
    208 29Th St Billings, MT 59101
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    Billings, MT 59101
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    208 29Th St Billings, MT 59101
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