Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    71 Suite Billings, MT 59102

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    71 Suite Billings, MT 59102

    View on Map
    • Retail properties & Spaces
    • 1,050 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 71 Suite

    Year built
    1983
    Property size
    1,050 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Land

    Description

    This exceptional 1,050-square-foot retail space, located at 71 25th St. W. Suite #5 in Billings, Montana, is now available for lease. Recently remodeled, this single-tenant suite boasts a modern design perfect for a variety of businesses. The space includes three private rooms, ideal for consultations or treatments, a large built-in sauna, and a private bathroom, all contributing to a comfortable and functional environment. The suite also features a welcoming reception area and a storage closet. Situated in a thriving shopping center alongside established businesses such as Hobby Lobby, Chuck E. Cheese, One Source Lighting, and Universal Athletic, this location ensures high visibility and significant foot traffic. The property is a Class B building constructed in 1983, offering one story and 1,050 square feet on a single-tenant basis. The zoning is CMU-2. The monthly rent is $1,400 NNN, with a base rent of $12.00 per square foot and an estimated NNN cost of $4.00 per square foot. This turnkey space is ready for immediate occupancy and is particularly well-suited for health and wellness businesses, including medical spas, health spas, or boutique fitness providers. The property is located in Montana, Yellowstone County, with a zip code of 59102.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Billings
    County
    Montana
    State
    Montana
    Longitude
    -108.579
    Latitude
    45.771

    Comparable in this City

    • Value Estimation by Request
      7,492 SF

      1108 Broadwater Ave

      Retail properties & Spaces • 7,492 SF
      1108 Broadwater Ave, Billings, MT 59102
      View Details
    • Value Estimation by Request
      2,798 SF

      1110 Broadwater Ave

      Land • 2,798 SF
      1110 Broadwater Ave, Billings, MT 59102
      View Details
    • Value Estimation by Request

      3135 Mdw Vw Dr

      Retail properties & Spaces
      3135 Mdw Vw Dr, Billings, MT 59102
      View Details
    • Value Estimation by Request
      11,400 SF

      1312 Shiloh Crossing Blvd

      Retail properties & Spaces • 11,400 SF
      1312 Shiloh Crossing Blvd, Billings, MT 59102
      View Details
    • Value Estimation by Request

      3135 Mdw Vw Dr

      Retail properties & Spaces
      3135 Mdw Vw Dr, Billings, MT 59102
      View Details
    • Value Estimation by Request
      3,800 SF

      Reputable Consignment Store With Loyal Customer Base

      Individual retail properties • 3,800 SF
      0 Reputable Consignment Store With Loyal Customer Base, Billings, MT 59102
      View Details

    Similar Nearby for Sale

    • $2,800,000
      7,462 SF

      Restaurant, Bar, and Casino Property

      Midtown Billings restaurant, bar, and casino with real estate.
      1223 Grand Ave, Billings, MT 59102
      View Details
    • $475,000
      0.21 Acres

      Central Avenue Retail Investment

      Billings Retail Property: Income & Potential
      1515 Central Ave, Billings, MT 59102
      View Details
    • $225,000
      1,664 SF

      Established Restaurant in Billings West

      Turn-key restaurant with Class A finishes and prime location.
      1430 Country Manor Blvd, Billings, MT 59102
      View Details
    • $3,100,000

      Billings Retail Space For Sale

      50,072 sqft retail space available in Billings, Montana.
      2658 Grand Ave, Billings, MT 59102
      View Details
    • Contact for pricing

      Freestanding Starbucks with Drive-Thru

      New Starbucks with a drive-thru on a 10-year lease.
      425 Henry Chapple St, Billings, MT 59102
      View Details
    • $1,645,200
      5,484 SF

      Turn-key Restaurant Building For Sale

      Restaurant building for sale with furniture, fixtures, and equipment.
      765 S 20Th St W, Billings, MT 59102
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      29,000 SF

      Prime Billings Office Space

      Class A Office, 9,963 SF Available
      2075 Overland Ave, Billings, MT 59102
      View Details
    • Contact for pricing

      Retail Space in Midtown Billings

      Retail space suitable for salon or barber shop in Midtown.
      1844 Broadwater Ave, Billings, MT 59102
      View Details
    • $16 SF/Yr
      1,370 SF

      Retail Space in Prime Center

      Retail space available in professionally managed shopping center.
      1515 Grand Ave, Billings, MT 59102
      View Details
    • Contact for pricing

      Prime Retail Space on Grand

      High-visibility retail space in a high-traffic Billings location.
      945 Grand Ave, Billings, MT 59102
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space for lease at $18.00 PSF plus CAM.
      3210 Henesta Dr, Billings, MT 59102
      View Details
    • $13 SF/Yr
      5,495 SF

      Retail Spaces on Grand Avenue

      Retail spaces available in high-traffic area with ample parking.
      2101 Grand Ave, Billings, MT 59102
      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.
    71 Suite
    Billings, MT 59102
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!