Current Use by Public Records
- Subway / Take-out & Catering
- Shawna House - CMG Home Loans / Loan Service / Bank
- Wright Family Insurance / Insurance Agency
- Wink studio suite A / Hair Salon / Nail Salon
- Belinda Osborne - CMG Financial Representative / Loan Service
Property Details for 1780 Shiloh Rd
- Year built
- 2004
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional Billings, Montana retail investment opportunity presents a 10,400 square foot, single-story shopping center situated on a prominent corner lot at 1780 Shiloh Road. Built in 2004, the Class B property features seven individual units, currently 80% occupied, with six tenants under NNN leases. Each tenant pays a common area maintenance (CAM) charge and management fee, contributing to a strong net operating income (NOI) of $120,245 and a 5.59% capitalization rate. The property boasts a highly visible monument sign on a major thoroughfare with 13,523 vehicles passing daily. The zoning is NMU (Neighborhood Mixed-Use), allowing for flexibility. The 39,878 square foot lot provides ample space, including 46 parking spots. The property's mix of office and retail space caters to diverse tenant needs. Located near new commercial developments, including a City Brew, this center offers a compelling investment opportunity with significant potential for growth and return. The asking price is $2,150,000, translating to $206.73 per square foot. A 1031 exchange may be possible.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Billings
- County
- Yellowstone
- State
- Montana
- Longitude
- -108.618
- Latitude
- 45.7872
