71 25Th StBillings, MT 59102

  • Office properties
  • 5,134 SF
For Lease
$12/SF/YR View listing

Property Details for 71 25Th St

Year built
1980
Construction
WOOD
Lot size
1.01 AC
Property size (Sq ft)
5,134 SF
Zone code
RP
Property type
Office properties
Property subtype
Office buildings
APN
03-0926-01-4-03-44-0000
APU
3092601403440000

Description

This exceptional 1,150 square foot office space, located at 71 25th Street West, Suite #12 in Billings, Montana, presents a fantastic opportunity for businesses seeking a vibrant and convenient location. Situated within a bustling shopping center anchored by prominent retailers such as Hobby Lobby, Chuck E. Cheese, and others, this space boasts high visibility and excellent foot traffic. The property features three private offices, a storefront/reception area, and a private bathroom, making it ideal for small teams or professional service providers. Built in 1983 and classified as Class B, the space includes ample built-in storage and storefront wall signage availability, enhancing both functionality and marketing potential. The monthly rent is $1,533.33, reflecting a base rent of $12.00 per square foot, plus estimated triple net (NNN) charges of $4.00 per square foot. The property sits on a 34,755 square foot lot and is zoned CMU2-Corridor Mixed Use 2 in Yellowstone County. Recently updated with bright, modern interiors, this turnkey space is ready for immediate occupancy. Its versatility makes it suitable for a wide range of businesses, including medical services, accounting firms, real estate professionals, and more. This is a rare opportunity to establish your business in a thriving commercial area with significant advantages. The property offers a single-tenant occupancy within a larger commercial building.

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,140,230
    6.5%
    $1,052,520
    7%
    $977,340
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,298,548
    Geo Method
    $424,171
  • Alternative Use

    Use
    Valuation
    Residential
    $1,305,125
    Hospitality
    $1,195,488
    Educational
    $994,632
    Medical
    $1,028,839
    Retail
    $1,547,205
71 25Th St, Billings, Montana

Location Insight

City
Billings
County
Yellowstone
State
Montana
Latitude
45.772
Longitude
-108.58
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
$7,787
-
-
$623,200
-
$324,842
$298,358
$623,200

FAQs

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