71 25Th StBillings, MT 59102
- Office properties
- 5,134 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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