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24964841
24964842

1605 Annafeld Parkway East, Billings, MT 59101

HV
MT MT RRE-RBS-LIC-62446
NAI Business Properties
Listed by NAI Business Properties
$7,988,000
318 days on market
Updated 30 days ago

Annafeld Marketplace

Details
APN A37240, A36963, A37243, A37242
Property Type Mixed Use
Sub Type Multifamily, Retail
Square Footage 30,762
Units 50
Cap Rate 5.32%
NOI $425,341
Occupancy 100%
Tenancy Multi
Lease Type NNN
Pro-Forma Cap Rate 6.11%
Pro-Forma NOI $487,875
Price per SqFt $260
Broker Co-Op Yes
Class A
Year Built 2022
Buildings 3
Stories 2
Acreage 1.002
Zoning Planned Unit Development
Parking Spaces spaces
Investment Type Value Add
Tenant Credit No Credit Rating

Mixed Use | 5.32% CAP | 30,762 SqFt

Marketing description

Position your investment at the heart of one of Billings’ most thoughtfully planned and fastest-growing communities. The Marketplace at Annafeld offers a rare mixed-use opportunity featuring 7 street-level retail units, 22 fully-leased residential apartments, and 21 enclosed garage spaces, all designed with a walkable, community-focused lifestyle in mind.

Located in the vibrant core of the Annafeld neighborhood—a modern, master-planned development by McCall Homes—this property sits at the commercial anchor of a community that’s only halfway built out, offering significant long-term upside as the remaining phases are completed.

Surrounded by beautifully crafted homes, bike paths, parks, and pocket greenspaces, this property draws both daily foot traffic and a built-in customer base of residents who prioritize convenience, connection, and quality. Whether you're an investor seeking steady rental income or a business owner looking to plant roots in an up-and-coming district, The Marketplace delivers on all fronts.

Investment highlights

  • Rent escalations

  • Brand new construction

  • Well structured HOA

  • Surrounding community support

  • Continued residential development

  • Appealing design

Listing Contacts

HV
MT MT RRE-RBS-LIC-62446
NAI Business Properties
Listed by NAI Business Properties

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$425,341.00
$35,445.08/mo

Valuation Metrics

0
DSCR
5.32%
Cap Rate
5.32%
ROI

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Additional Information

Name
Haley Vannatta
License
MT RRE-RBS-LIC-62446
Title
MT
Brokerage Address
3312 4th Avenue North
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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