Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1940 Grand Ave Billings, MT 59102
    Back to Search
    Property profile & analytics

    1940 Grand Ave, Billings, MT 59102

    View on Map
    • Specialty properties
    • 1,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Billings Blonding / Hair Salon
    • KNOX + JAYMES SALON / Hair Salon

    Property Details for 1940 Grand Ave

    Property type
    Specialty properties
    Property subtype
    Land

    Description

    This exceptional 1,000 square foot commercial space, located at 1940 Grand Avenue, Suite A, Billings, Montana 59102, is available for lease at $1,000. The property is classified as Special Purpose and Land, offering a unique opportunity for a variety of businesses. Previously used as a nail salon, the space is readily adaptable for similar ventures. Its prime location on Grand Avenue ensures high visibility and accessibility, placing your business within a thriving commercial area. The property boasts unparalleled convenience and affordability, making it an ideal choice for entrepreneurs seeking a strategic location to establish or expand their operations. The 1,000 square foot area provides ample space for a range of business needs. This is a rare opportunity to secure a well-situated commercial property in the heart of Billings at an attractive price point. The property is situated in Yellowstone County and offers excellent potential for growth and success. Don't miss this chance to secure your business's future in a vibrant and accessible location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Billings
    County
    Yellowstone
    State
    Montana
    Longitude
    -108.566
    Latitude
    45.7837

    Comparable in this City

    • Value Estimation by Request
      2.50 Acres

      Business And Real Est

      Land
      0 Business And Real Est, Billings, MT 59102
      View Details
    • Value Estimation by Request

      Big Sky Rides

      Land
      0 Big Sky Rides, Billings, MT 59102
      View Details
    • Value Estimation by Request
      0.18 Acres

      6935 Corvette Ave

      Specialty properties
      6935 Corvette Ave, Billings, MT 59102
      View Details
    • Value Estimation by Request
      3.67 Acres

      3135 Mdw Vw Dr

      Land
      3135 Mdw Vw Dr, Billings, MT 59102
      View Details
    • Value Estimation by Request
      7,000 SF

      Profitable Custom Doors & Windows Business

      Specialty properties
      0 Profitable Custom Doors & Windows Business, Billings, MT 59102
      View Details
    • Value Estimation by Request
      4,000 SF

      Commercial Sign Business

      Specialty properties
      0 Commercial Sign Business, Billings, MT 59102
      View Details

    Similar Nearby for Sale

    • $831,052
      1.41 Acres

      Billings Commercial Land Parcel

      Prime 1.41-acre development site.
      0 Tbd Gabel Rd Billings Mt, Billings, MT 59102
      View Details
    • $265,970

      Billings Commercial Land Parcel

      Prime 18,238 SF development site.
      0 Transtech Way, Billings, MT 59102
      View Details
    • Contact for pricing

      Land For Sale Billings, MT

      Land available for purchase in Billings, Montana.
      3576 Gabel Rd, Billings, MT 59102
      View Details
    • Contact for pricing

      Land For Sale Billings, MT

      Land available for purchase in Billings, Montana.
      Gabel Rd, Billings, MT 59102
      View Details
    • $1,959,291
      2.16 Acres

      Billings Industrial Land Parcel

      Prime 2.16-acre lot, ideal for business.
      0 Tbd Gabel Rd Billings Mt, Billings, MT 59102
      View Details
    • $295,000
      Pending

      Land on Shepherd Acton Road

      Land available on Shepherd Acton Road, Billings, Montana.
      WRR-2 Shepherd Acton Rd, 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

      Billings Warehouse with Cooler/Freezer Space

      57,000+ SF warehouse with cooler/freezer, 28' ceilings, 6 docks.
      1629 King Ave W, Billings, MT 59102
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available, offering 1,800 SqFt.
      3178 Gabel Rd, Billings, MT 59102
      View Details
    • $9 SF/Yr
      9,900 SF

      New Billings Flex Warehouse Space

      Newly constructed flex/industrial space in a prime Billings location.
      1486 South 30Th St West, 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.
    1940 Grand Ave
    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

    Thank You for Inquiry
    1940 Grand Ave, Billings, MT, 59102
    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!