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2220 Grant Rd 25,825 SF 14% Leased Office Building Billings, MT 59102 $5,765,180 CAD ($223.24 CAD/SF) 6.97% Cap Rate
Investment Highlights
- Great upside opportunity
Executive Summary
Seize the opportunity to own a premier office building in the highly sought-after Homestead Business Park, located in the west end of Billings, MT. This property is perfectly positioned for businesses seeking convenience and modern amenities.
Property Features:
• Total Area: 25,825 square feet of versatile office space.
• Main Level: 13,000 square feet, fully remodeled in 2022, featuring three sets of bathrooms, one equipped with showers.
• Second Floor: 11,200 square feet with a newly installed elevator (2023) and an additional set of bathrooms.
• Basement: 1,625 square feet of secured storage space, ideal for safeguarding important documents and equipment.
• Parking: Approximately 80 parking spots available, providing ample space for employees and visitors.
Location Advantages:
• Strategic Positioning: Easy access to Interstate US 90, facilitating a quick commute to all parts of Billings.
• Convenient Amenities: Within walking distance to several restaurants, coffee shops, banks, and retail stores, enhancing the work-life balance for your team.
This office building offers a blend of modern updates, extensive space, and a prime location, making it the perfect investment for growing businesses.
Property Features:
• Total Area: 25,825 square feet of versatile office space.
• Main Level: 13,000 square feet, fully remodeled in 2022, featuring three sets of bathrooms, one equipped with showers.
• Second Floor: 11,200 square feet with a newly installed elevator (2023) and an additional set of bathrooms.
• Basement: 1,625 square feet of secured storage space, ideal for safeguarding important documents and equipment.
• Parking: Approximately 80 parking spots available, providing ample space for employees and visitors.
Location Advantages:
• Strategic Positioning: Easy access to Interstate US 90, facilitating a quick commute to all parts of Billings.
• Convenient Amenities: Within walking distance to several restaurants, coffee shops, banks, and retail stores, enhancing the work-life balance for your team.
This office building offers a blend of modern updates, extensive space, and a prime location, making it the perfect investment for growing businesses.
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$467,548
|
$18.10
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$467,548
|
$18.10
|
| Taxes |
$51,919
|
$2.01
|
| Operating Expenses |
$13,892
|
$0.54
|
| Total Expenses |
$65,811
|
$2.55
|
| Net Operating Income |
$401,737
|
$15.56
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $467,548 |
| Annual Per SF | $18.10 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $467,548 |
| Annual Per SF | $18.10 |
| Taxes (CAD) | |
|---|---|
| Annual | $51,919 |
| Annual Per SF | $2.01 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $13,892 |
| Annual Per SF | $0.54 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $65,811 |
| Annual Per SF | $2.55 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $401,737 |
| Annual Per SF | $15.56 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
25,825 SF
Building Class
A
Year Built/Renovated
1986/1999
Price
$5,765,180 CAD
Price Per SF
$223.24 CAD
Cap Rate
6.97%
NOI
$401,737 CAD
Percent Leased
14%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
12,912 SF
Building FAR
0.39
Lot Size
1.53 AC
Zoning
CMU2 - CMU2-Corridor Mixed Use 2
Parking
81 Spaces (3.1 Spaces per 1,000 SF Leased)
Amenities
- Controlled Access
- Conferencing Facility
- Wheelchair Accessible
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
- 2nd Floor
- 11,200 SF
- Office
- -
- Now
| Space | Size | Space Use | Build-Out | Available |
| 2nd Floor | 11,200 SF | Office | - | Now |
2nd Floor
| Size |
| 11,200 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 03-0927-18-2-06-08-0000 | Total Assessment | $5,467,196 CAD (2025) |
| Land Assessment | $853,902 CAD (2025) | Annual Taxes | $51,919 CAD ($2.01 CAD/SF) |
| Improvements Assessment | $4,613,294 CAD (2025) | Tax Year | 2023 |
Property Taxes
Parcel Number
03-0927-18-2-06-08-0000
Land Assessment
$853,902 CAD (2025)
Improvements Assessment
$4,613,294 CAD (2025)
Total Assessment
$5,467,196 CAD (2025)
Annual Taxes
$51,919 CAD ($2.01 CAD/SF)
Tax Year
2023
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2220 Grant Rd
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