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    FOR SALE
    Office buildings

    1540 Lake Elmo Dr, Billings, MT 59105

    8,532 SF 0.82 ac lot Built 1998
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US52-0219828
    Property summary
    AI-generated overview

    This 2,000 square foot single-tenant office space is located at 1540 Lake Elmo Dr. #6 in Billings, Montana, within the desirable Billings Heights neighborhood. The recently painted unit offers a professional and functional layout, perfect for a variety of businesses. The space boasts six private offices with locking doors, providing flexibility for individual workstations or collaborative areas. A welcoming reception area includes a dedicated printer station. A spacious conference room is ideal for meetings and presentations, complemented by a large breakroom with a full kitchen, perfect for lunch breaks or informal gatherings. Two bathrooms ensure convenient access for staff and visitors. Additional storage and utility space is also available. The tenant is responsible for all utilities except water and garbage. This property presents a fantastic opportunity for businesses seeking a well-appointed and conveniently located office space in a peaceful setting. The property is situated in Yellowstone County, Montana, and has a zip code of 59105.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1998
    Construction WOOD
    Total area 8,532 SF
    Lot 0.82 ac (35,632 SF)
    APN 03-1033-22-2-12-05-MSTR
    UPID US52-0219828
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Kenneth J. Bagby, DDS, PC Dental Office
    • Jason Vaira, DMD Dental Office
    • Conroy Kevin P DDS Dental Office
    • Conroy Patti J Dental Office
    • Billings Family Eyecare Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    LAKE ELMO PROFESSIONAL CENTER
    LAKE ELMO PROFESSIONAL CENTER
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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