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    550 24Th St Billings, MT 59102

    For Lease
    $16 SF/Yr

    Modern office suites, 8,000-15,000 sq ft.

    Lot size:
    60,350 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional Billings, Montana office property, located at 550 S 24th St W, offers a prime opportunity for businesses seeking flexible and modern workspace. The building, a Class B property constructed in 1982, boasts a total of 60,350 square feet across two stories. Multiple suites are available, with a minimum divisible space of 8,000 square feet and a maximum contiguous space of 15,000 square feet. Currently, 15,000 square feet is vacant and ready for immediate occupancy. The property features one elevator for convenient access to all floors. Situated on a substantial 396,762 square foot lot, the building is zoned CMU2-Corridor Mixed Use 2, offering versatility for various business needs. Located in the desirable Billings West End submarket, this property provides easy access to Lampman Drive. The asking rate is $16 per square foot, which includes utilities. Tenants are responsible for internet and janitorial services. The property's APN is A23860A, and it's situated in Yellowstone County, Montana, zip code 59102. This is an excellent opportunity to establish a presence in a thriving Montana market.

    Property Features for 550 24Th St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    60,350 SF
    Class
    B
    Total Rate
    80466.67

    Building Details

    Year Built
    1982
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Available Space
    Size
    15,000 SF
    Rate per SF
    $16
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    WWC Engineering Engineering Consultant Maverick Cattle Co ... Ranch eXp Realty Montana Real Estate Agency ROI CX Solutions Telephone Answering Service Forrester Group Real ... Real Estate Agency

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Gym & Fitness Clothing Store Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Billings
    County
    Yellowstone
    State
    Montana
    Longitude
    -108.57796457
    Latitude
    45.75965481

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    FAQs

    What type of property is this?
    Office Property / Space - Modern office suites, 8,000-15,000 sq ft.
    Where is this office property / space located?
    The property is located at 550 24Th St Billings, MT.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    Request Owner's contact information
    550 24Th St Billings, MT 59102
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    Billings, MT 59102
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    Realmo Value Estimation

    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.

    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
    550 24Th St Billings, MT 59102
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