1215 24Th StBillings, MT 59102

Property Details for 1215 24Th St

Year built

1978

Construction

WOOD

Lot size

0.64 AC

Property size (Sq ft)

6,300 SF

Zone code

RP

Property type

Office buildings

APN

03-0927-06-2-06-06-0000

APU

3092706206060000

Description

This exceptional 1,661 square foot office space, located at 1215 24th Street West, Suite 225, presents a unique opportunity for businesses seeking a prominent presence in a highly desirable west-side location. Boasting a Class B rating and Neighborhood Office zoning (NO), this single-suite property offers high visibility with monument signage on a street averaging 19,000 vehicles daily. Previously used for storage, the space is ready for immediate occupancy and can be customized to meet specific tenant needs. The layout features a large open area with abundant natural light, and includes a sizable kitchen area easily adaptable into a break room. The monthly rent is $1,868.63, with a triple net (NNN) estimated at $5.50 per square foot. Landlord will provide carpet and paint upgrades with a minimum five-year lease. This is an ideal location for businesses seeking a professional, adaptable, and highly visible office space in a thriving commercial area. The property includes both office and land components.

• CAP approach

  CAP return

  Valuation

  6%

  $1,399,193

  6.5%

  $1,291,563

  7%

  $1,199,308

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,593,467

  Geo Method

  $520,506

• Alternative Use

  Use

  Valuation

  Residential

  $1,601,538

  Hospitality

  $1,467,000

  Educational

  $1,220,527

  Medical

  $1,262,503

  Retail

  $1,898,597

Location Insight

City

Billings

County

Yellowstone

State

Montana

Latitude

45.7821

Longitude

-108.576

CBSA code

13740

CBSA name

BILLINGS, MT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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