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    2610 Montana Ave Billings, MT 59101

    For Sale
    $575,000

    Downtown Billings Office, Value-Add Opportunity

    Property size:
    15,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This historic 15,000 square foot, three-story Class A creative office building, located at 2610 Montana Ave, Billings, MT 59101, presents a unique value-add investment opportunity. Originally constructed in 1915, this single-tenant vacant building boasts charming turn-of-the-century features including exposed brick and heavy old-growth wood timbers, creating a unique industrial aesthetic. The building offers approximately 11,250 square feet of net rentable space, with an average floor size of 3,200 square feet, and includes a full basement for additional storage. Situated on a 3,750 square foot lot in Billings' Central Business District, the property benefits from ample off-street parking options, with surface lot parking available at $15 per month and garage parking at $37.50 per month. High-speed internet connectivity (400mps download, 20mps upload) is also available. The property is offered at $575,000, with a pro-forma NOI of $150,000 and a pro-forma cap rate of 26.09%. This is a ground lease property with private ownership. The building's adaptable space is perfect for creative businesses or tech-savvy professionals seeking a unique and historic location in the heart of downtown Billings. This is a NNN lease property.

    Property Features for 2610 Montana Ave

    General Information

    Property type
    Office space
    Square Feet
    15,000 SF
    Class
    A

    Building Details

    Year Built
    1915
    Buildings
    1
    Stories
    3
    Units
    1

    HighLights

    • Land Lease Opportunity
    • 15,000 Square Foot Building
    • Average Floor Plate: 3,200 SF
    • Full Basement Storage Available
    • Surface Lot Parking: $15/month
    • Garage & Surface Lot Parking: $37.50/month
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Billings
    County
    Yellowstone
    State
    Montana
    Longitude
    -108.5029042
    Latitude
    45.7819169

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    FAQs

    What type of property is this?
    Office space - Downtown Billings Office, Value-Add Opportunity
    Where is this office space located?
    The property is located at 2610 Montana Ave Billings, MT.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: Land Lease Opportunity; 15,000 Square Foot Building; Average Floor Plate: 3,200 SF
    Request Owner's contact information
    2610 Montana Ave Billings, MT 59101
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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
    2610 Montana Ave Billings, MT 59101
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