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NAPA Auto Parts 1105 1st Ave N 12,719 SF 100% Leased Retail Building Billings, MT 59101 $1,200,000 ($94.35/SF) 4.87% Cap Rate
Executive Summary
This property features two buildings in a highly visible, high-traffic location along 1st Avenue North. The building at 1105 1st Avenue North offers approximately 11,770 square feet of dock-high space, including 2,900 square feet of retail area and 8,726 square feet of warehouse space. Approx. 4,400 sqft of the retail side of the building is currently use by owner willing to work a lease back or vacate. The property at 1111 1st Avenue North includes a 908-square-foot Quonset building that is currently leased to a bicycle shop for $800 per month. With more than 15,000 vehicles passing daily, this location provides excellent visibility. It is conveniently located near MetraPark, area universities, hospitals, Interstate 90, and downtown Billings. The property is ideal for retail, warehouse, distribution, or other commercial uses requiring convenient interstate access.
Financial Summary (Pro Forma - 2027) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$90,960
|
$7.15
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$90,960
|
$7.15
|
| Taxes |
$10,661
|
$0.84
|
| Operating Expenses |
$8,280
|
$0.65
|
| Total Expenses |
$18,941
|
$1.49
|
| Net Operating Income |
$72,019
|
$5.66
|
Financial Summary (Pro Forma - 2027)
| Gross Rental Income | |
|---|---|
| Annual | $90,960 |
| Annual Per SF | $7.15 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $90,960 |
| Annual Per SF | $7.15 |
| Taxes | |
|---|---|
| Annual | $10,661 |
| Annual Per SF | $0.84 |
| Operating Expenses | |
|---|---|
| Annual | $8,280 |
| Annual Per SF | $0.65 |
| Total Expenses | |
|---|---|
| Annual | $18,941 |
| Annual Per SF | $1.49 |
| Net Operating Income | |
|---|---|
| Annual | $72,019 |
| Annual Per SF | $5.66 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
12,719 SF
Building Class
C
Year Built
1948
Price
$1,200,000
Price Per SF
$94.35
Cap Rate
4.87%
NOI
$58,458
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.61
Lot Size
0.48 AC
Zoning
EB_IS - East Billings Industrial Sanctuary
Parking
20 Spaces (1.57 Spaces per 1,000 SF Leased)
Frontage
150’ on 1st.ave north
Amenities
- Security System
- Signage
- Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 03-1033-34-2-05-04-0000 | Total Assessment | $591,700 (2025) |
| Land Assessment | $111,404 (2025) | Annual Taxes | $10,661 ($0.84/SF) |
| Improvements Assessment | $480,296 (2025) | Tax Year | 2027 |
Property Taxes
Parcel Number
03-1033-34-2-05-04-0000
Land Assessment
$111,404 (2025)
Improvements Assessment
$480,296 (2025)
Total Assessment
$591,700 (2025)
Annual Taxes
$10,661 ($0.84/SF)
Tax Year
2027
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NAPA Auto Parts | 1105 1st Ave N