Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4470 King Ave Billings, MT 59101
    Back to Search
    Property profile & analytics

    4470 King Ave, Billings, MT 59101

    View on Map
    • Neighborhood centers
    • 4,223 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Neighborhood centers

    Property Details for 4470 King Ave

    Year built
    2022
    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional Class A retail space, totaling 4,223 square feet, is situated in a vibrant South Billings location at 4470 King Avenue East, zip code 59101. The property boasts a desirable street retail location within a two-tenant building, offering one available suite of 2,180 square feet. Built in 2022, this modern structure sits on a 0.79-acre lot and is zoned CMU2-Corridor Mixed Use 2, allowing for a variety of commercial uses. The building is strategically positioned just off Interstate 90, providing excellent visibility and accessibility. Its location within the South Billings Town Center, anchored by prominent retailers such as Cabela's and Sam's Club, ensures high foot traffic and brand recognition. The available space is currently unbuilt, presenting a unique opportunity for a tenant to customize the buildout to perfectly suit their business needs. This property offers a rare chance to establish a presence in a thriving retail hub with excellent access and visibility. The property consists of one building with two suites in total. Yellowstone County location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Billings
    County
    Yellowstone
    State
    Montana
    Longitude
    -108.527
    Latitude
    45.7549

    Comparable in this City

    • Value Estimation by Request
      16,044 SF

      2912 3Rd Ave

      Individual retail properties
      2912 3Rd Ave, Billings, MT 59101
      View Details
    • Value Estimation by Request
      1.59 Acres

      4644 King Ave

      Restaurants
      4644 King Ave, Billings, MT 59101
      View Details
    • Value Estimation by Request
      0.68 Acres

      Becraft Ln

      Individual retail properties
      0 Becraft Ln, Billings, MT 59101
      View Details
    • Value Estimation by Request
      1,176 SF

      10 34th St

      RETAIL STORES (PERSONAL SERVICES)
      10 34th St, Billings, MT 59101-2120
      View Details
    • Value Estimation by Request
      11,835 SF

      802 26th St

      RETAIL STORES (PERSONAL SERVICES)
      802 26th St, Billings, MT 59101-4522
      View Details
    • Value Estimation by Request
      2,212 SF

      1017 27th St

      RETAIL STORES (PERSONAL SERVICES)
      1017 27th St, Billings, MT 59101-0711
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,968 SF

      Retail Space with Open Layout

      Well-lit retail space featuring an open floor plan.
      203 N 14Th St, Billings, MT 59101
      View Details
    • $6,317,000

      Mixed-Use Investment in Annafeld

      Mixed-use property with retail and residential units in growing community.
      1605 Annafeld Pkwy E, Billings, MT 59101
      View Details
    • New
      $355,000
      5,879 SF

      Retail and Warehouse Building with Overhead Doors

      Flexible retail-forward layout connects to rear warehouse and storage, with overhead doors for convenient access.
      3407 Montana Ave, Billings, MT 59101
      View Details
    • Contact for pricing

      Lockwood Mixed-Use Development Opportunity

      Retail and multifamily development opportunity in Lockwood, Montana.
      Becraft Ln, Billings, MT 59101
      View Details
    • Contact for pricing
      Pending

      Billings Commercial Land Opportunity

      8-acre commercial property with high visibility and development potential.
      3729 Green Acres Dr, Billings, MT 59101
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,297 SF

      Retail Space with Mezzanine

      Corner retail space featuring a mezzanine level and open floorplan.
      304 N 29Th St, Billings, MT 59101
      View Details
    • $1,300 /Mo

      Downtown Billings Retail Space Available

      Retail space in downtown Billings with open floor plan.
      302 N 29Th St, Billings, MT 59101
      View Details
    • Contact for pricing
      3,867 SF

      Refurbished Retail Space Available

      Historic retail space with modern amenities for lease.
      2802 Montana Ave, Billings, MT 59101
      View Details
    • Contact for pricing
      1,420 SF

      Retail Space on Central Avenue

      Retail space available for lease on Central Avenue.
      1020 Central Ave, Billings, MT 59101
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space on Old Hardin

      Retail space available for lease, 1600 square feet.
      2750 Old Hardin Rd, Billings, MT 59101
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4470 King Ave
    Billings, MT 59101
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4470 King Ave, Billings, MT, 59101
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!