Property profile

1540 Lake Elmo Dr Billings, MT 59105

FOR SALE
Office buildings
Property ID
US52-0219828
8,532 SF 0.82 ac lot Built 1998
Entity Owned Absentee Owner Free & Clear
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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

Current use

Occupant on record · Public records
  • Dental Office
  • Dental Office
  • Dental Office
  • Dental Office
  • Physician

Location

1540 Lake Elmo Dr Billings, MT 59105
Billings metro Census 706 BILLINGS, MT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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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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