Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2108 Broadwater Ave, Ste 310 Billings, MT 59102
    Back to Search
    Property profile & analytics

    2108 Broadwater Ave, Ste 310 Billings, MT 59102

    View on Map
    • Office buildings
    • 14,052 SF
    • 0.73 lot acres
    For Lease
    $975/Mo
    View Listing →
    Solar Plaza, Suite 310 For Lease For Lease
    $975/Mo

    Solar Plaza, Suite 310 For Lease

    Solar Plaza, Suite 310 For Lease

    2108 Broadwater Ave, Ste 310, Billings, MT 59102
    View Listing
    Property ID
    US52-0068157
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Property Damage Appraisers Inc / Real Estate Agency
    • A Better Self Counseling / Counselor
    • DLH Marketing Group, Inc. / Advertising Agency / Marketing & Advertising
    • Vintage Five, LLC / Advertising Agency / Marketing & Advertising
    • Michelle C Lee Realtor / Real Estate Agency

    Property Details for 2108 Broadwater Ave, Ste 310

    Year built
    1980
    Construction
    WOOD
    Lot size
    0.73 lot acres
    Property size
    14,052 SF
    Zone code
    RP
    Property type
    Office buildings
    APN
    03-0927-06-3-11-15-0000
    APU
    3092706311150000

    Description

    This exceptional 312-square-foot executive office space is located at 2108 Broadwater Ave Ste 100B, Billings, MT 59102, within a landmark West End office complex. The single-tenant suite boasts recent renovations including updated HVAC, luxury vinyl plank flooring, LED lighting, and newly painted restrooms. Enjoy abundant natural light from windows, vaulted ceilings, and a private balcony. The building features a large shared reception area and tranquil garden areas. This meticulously maintained property includes 180 solar panels, providing ancillary heat during winter months. The monthly lease rate of $455 includes utilities and internet. The property sits on a 31,905 square foot lot in Yellowstone County. This is an ideal space for a professional seeking a quiet, well-appointed office environment. The suite is part of a larger complex with additional office suites available, ranging in size from 220 to 750 square feet.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Billings
    County
    Yellowstone
    State
    Montana
    Longitude
    -108.571
    Latitude
    45.7767
    CBSA code
    13740
    CBSA name
    BILLINGS, MT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $22,032
    $0.00
    $0.00
    $1,763,400
    -
    $274,970
    $1,488,430
    $1,763,400

    Comparable in this City

    • Value Estimation by Request
      11,200 SF

      3450 Gabel Rd

      OFFICE BUILDING • 11,200 SF
      3450 Gabel Rd, Billings, MT 59102-7302
      View Details
    • Value Estimation by Request
      9,024 SF

      3737 Grand Ave

      OFFICE BUILDING • 9,024 SF
      3737 Grand Ave, Billings, MT 59102-6258
      View Details
    • Value Estimation by Request
      2,848 SF

      2664 Grand Ave

      OFFICE BUILDING • 2,848 SF
      2664 Grand Ave, Billings, MT 59102-2627
      View Details
    • Value Estimation by Request
      20,160 SF

      970 29th W St

      OFFICE BUILDING • 20,160 SF
      970 29th W St, Billings, MT 59102-7431
      View Details
    • Value Estimation by Request
      11,200 SF

      2450 32nd W St

      OFFICE BUILDING • 11,200 SF
      2450 32nd W St, Billings, MT 59102-6774
      View Details
    • Value Estimation by Request
      25,704 SF

      2675 Central Ave

      OFFICE BUILDING • 25,704 SF
      2675 Central Ave, Billings, MT 59102-6686
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,684 SF

      West End Office Building For Sale

      Professional office building in excellent West End location.
      2050 Overland Ave, Billings, MT 59102
      View Details
    • $2,150,000

      Class A Office Building

      Custom-built office building in prime Billings West location.
      1631 Zimmerman Trl, Billings, MT 59102
      View Details
    • $869,000

      Multi-Tenant Office Building For Sale

      Multi-tenant office building with daylight basement and recent updates.
      1445 Avenue B, Billings, MT 59102
      View Details
    • $1,900,000

      Billings Office Building For Sale

      12,414 SF office building in Billings, Montana.
      2334 Lewis Ave, Billings, MT 59102
      View Details
    • Contact for pricing

      Midtown Office Building For Sale

      Midtown office building with suites available, close to amenities.
      1501 14Th St West, Billings, MT 59102
      View Details
    • $999,000
      7,145 SF

      Prime Office/Flex Space For Sale

      6,345 SF office and 800 SF flex space.
      2747 Enterprise #5 Ave, Billings, MT 59102
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      1,740 SF

      Office Building with Private Offices

      1,740 SF office building featuring private offices and conference rooms.
      801 Grand Ave, Billings, MT 59102
      View Details
    • $515 /Mo
      340 SF

      West End Billings landmark office complex with multiple separate office suites

      West End Billings landmark office complex with multiple separate office suites
      2108 Broadwater Ave Ste 100A, Billings, MT 59102
      View Details
    • $15 SF/Yr

      Modern Office Space in Billings

      Versatile office space with modern amenities in a prime location.
      2220 Grant Rd, Billings, MT 59102
      View Details
    • $875 /Mo
      656 SF

      Solar Plaza office complex with multiple separate office suites for lease

      Solar Plaza office complex with multiple separate office suites for lease
      2108 Broadwater Ave Ste 104, Billings, MT 59102
      View Details
    • $1,500 /Mo
      2,208 SF

      2331 Lewis is a Class A Office Building Redevelopment For Lease

      2331 Lewis is a Class A Office Building Redevelopment For Lease
      2331 Lewis Ave, Suite A, Billings, MT 59102
      View Details
    View Listing
    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.
    2108 Broadwater Ave, Ste 310
    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
    2108 Broadwater Ave, Ste 310 , 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!