Office Properties for sale in Billings, Montana offer a unique investment opportunity in a city that serves as a trade and distribution hub for eastern Montana. With a strong economy and a variety of attractions, Billings is an attractive location for businesses and travelers alike. Office Properties in Billings can represent a range of investments, from small, single-tenant buildings to large, multi-tenant complexes. These properties often feature amenities such as on-site parking, security systems, and high-speed internet connectivity, making them attractive to businesses of all sizes. Billings' location in the Yellowstone Valley, with its proximity to several mountain ranges and landmarks like Pompey's Pillar and Little Bighorn Battlefield, makes it an ideal location for companies that value easy access to outdoor recreation and scenic beauty. Additionally, the city's infrastructure, including the Skypoint structure, the MET Transit Center, and the Yellowstone River bridge, supports a high quality of life and facilitates commerce.
With 3 Office Properties for sale in Billings, investors have a range of options to choose from. In addition to Office Properties, Billings also offers Commercial Real Estate, Apartment Buildings, Shopping Centers, and Hotels for sale. Commercial Real Estate in Billings can be found in the city's downtown core, near the Billings Town Square and West Park Promenade, while Apartment Buildings are scattered throughout the city, including in the Heights-Lockwood area. Shopping Centers, such as the Shiloh Crossing, offer a mix of retail and dining options, and Hotels, like those near the Billings Depot, cater to travelers and business visitors. Overall, Billings' diverse range of properties for sale makes it an attractive location for investors seeking to capitalize on the city's strong economy and growing population of around 110,000.
What is the average price per square foot for office properties in Billings?
The average price per square foot for office properties in Billings is $150 USD per square foot, with 3 available listings ranging in size from 33,096 square feet to 63,062 square feet, and an average cap rate of 6.28%.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in Billings, it's essential to understand the classification system, which categorizes properties based on their quality, amenities, and location, to make an informed investment decision.
- Class A office properties are typically high-rise buildings with modern amenities, prime locations, and high-quality finishes, attracting top-tier tenants and commanding the highest rents.
- Class B office properties offer functional space with adequate amenities, often located in decent areas, and are a step down from Class A in terms of quality and rent.
- Class C office properties are usually older, less desirable buildings with limited amenities, often located in less prime areas, and typically command lower rents.
