Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Ricky Bobby Avenue lot 115 Billings, MT 59106

    View on Map
    Claim this Listing
    For Sale
    $46,500

    COMMERCIAL - Billings, MT

    Lot size:
    0.17 Acres
    Added:
    Apr 2, 2026
    Days on Market:
    13
    Last Refresh:
    Apr 14 at 8:06 pm

    Property Features for Ricky Bobby Avenue lot 115

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    C18939
    Lot size
    0.17 Acres

    Taxes and HOA fees

    Tax Description
    SHOP WORLD 406 SUBD (24), S07, T01 S, R25 E, Lot 115
    Tax Annual Amount
    56

    We can help!

    Listing Contact
    Pat Schindele
    Pat Schindele

    Listing agent Pat Schindele License #RRE-BRO-LIC-8806

    Listing office Keller Williams Yellowstone Properties 80 25th St. W Ste. 1, Billings, MT

    Listing date Apr 2, 2026

    MLS# 349609 Listing URL

    Copyright © 2026 Billings Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Shop World 406 Commercial Lot

    This commercial lot is located in Shop World 406. The lot is not septic approved. Natural gas and electric are available. It offers a secluded and private location, yet is approximately 15 minutes from Walmart and shopping. Security gates and cameras are in place. The property features dock-high as well as pickup truck-high loading and unloading areas. Paved roads are throughout the area, and mailboxes are available. The annual Property Owner's Association fee is $450. The seller offers custom build options. The lot size is 0.172 acres. Taxes are not yet spread. The property is located in Billings, Montana.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Billings
    County
    Yellowstone
    State
    Montana
    Longitude
    -108.691308
    Latitude
    45.759391

    Nearby Similar for Sale

    • $1,490,000
      10,560 SF

      Billings Light-Industrial Facility

      10,560 sq ft facility with warehouse, office, and yard.
      6830 Commercial Avenue, Billings, MT 59101
      View Details
    • $405,000
      2,929 SF

      Westend Industrial Condo/Flex Space

      Versatile industrial condo/flex space in prime Westend location.
      2697 Enterprise Ave #A, Billings, MT 59102
      View Details
    • $540,000
      3,120 SF

      Free Standing Midtown Retail Building

      Midtown retail building, remodeled in 2010, suitable for multiple uses.
      644 Broadwater Avenue, Billings, MT 59102
      View Details
    • $319,000

      New Shop in Growing Community

      New 3000 SF shop on over an acre.
      243 S 80th St W, Billings, MT 59106
      View Details
    • $135,000
      3,420 SF

      Billings Commercial Building on Corner Lot

      3,420 SF commercial building on 0.51-acre corner lot.
      1 MacArthur Ave, Billings, MT 59101
      View Details
    • $599,999
      3,276 SF

      Remodeled Duplex Investment Opportunity

      Remodeled duplex in Billings, MT with leases in place.
      1322 Babcock Circle unit: #24, Billings, MT 59105
      View Details
    • $600,000
      3,808 SF

      Billings Fourplex with Detached Garages

      Fourplex in Billings with detached garages and long-term tenants.
      1628 Kelby Drive, Billings, MT 59105
      View Details
    • $825,000
      5,600 SF

      Billings Heights 5-Plex Investment

      Five 2-bed units near Lake Elmo with income potential.
      405 Roxy Lane, Billings, MT 59105
      View Details
    • $650,000
      12,556 SF

      Billings Commercial Property For Sale

      Commercial property in Billings, MT, suitable for auto or retail.
      5 Washington Street, Billings, MT 59101
      View Details
    • $3,500
      900 SF

      Highway 312 Commercial Property

      4-acre commercial property with shop for lease.
      4380 Us Highway 312, Billings, MT 59105
      View Details
    • $2,900
      3,480 SF

      Office/Warehouse Space For Sale

      Versatile office and warehouse space with secure storage.
      707 Wagon Trail E - NNN LEASE LISTING, Billings, MT 59106
      View Details
    • $495,000
      5,310 SF

      Victorian Five-Plex in Central Billings

      Unique investment opportunity: five units, garages, potential single-family conversion.
      105 Yellowstone Avenue, Billings, MT 59101
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial lot in Shop World 406, 0.172 acres.
    Where is this commercial land located?
    The property is located at Ricky Bobby Avenue lot 115 Billings, MT.
    What is the asking price?
    The asking price for this property is $46,500.
    What are key features of this property?
    This property features: Seller will build custom shops, inquire with agent for details.; Benefit from both dock high and pickup truck high loading/unloading.; Security gates and cameras provide peace of mind.
    (406) 591-2551
    We can help!
    Listing Contact
    Pat Schindele
    Pat Schindele
    Real Estate License ID: RRE-BRO-LIC-8806
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!