Mixed-Use Property with Existing
For Sale
$1,900,000
100 W Wicks, Billings, MT 59105
Residential Mixed Use zoning supports adaptive reuse of an existing medical facility.
Property Size6,156 SF
Price / SF$308.64
Days on Market81
Property Features for 100 W Wicks
General Information
Standard status
Active
Size
6,156 SF
Property subtype
CommercialSale
Listing Agency:
Tara Wolf Realty, LLC
Listed By:
Tara Wolf · License #RRE-BRO-LIC-14538
(406) 698-1849
Source:
Patschindele
Added: Jul 27
Changed: Oct 8
Last Checked: Oct 14 at 10:45PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Tara Wolf Realty, LLC
Investment Insights
Based on property information with market context.
Located at 100 W Wicks in Billings, Montana, this mixed-use property combines a 106,286-square-foot site with an existing 6,156-square-foot building. The structure was previously used as a medical facility and can support renovation, expansion, or reconfiguration for a new commercial purpose.
The property is zoned Residential Mixed Use. Wicks Lane provides a direct route to the West End through Skyway Drive, with access continuing toward Zimmerman Trail. The balance of the site allows up to 75% build-out, while each structure may contain up to five units. These physical and zoning characteristics support a mixed-use configuration with commercial space at ground level and residential apartments above, subject to applicable approvals.
The property is zoned Residential Mixed Use. Wicks Lane provides a direct route to the West End through Skyway Drive, with access continuing toward Zimmerman Trail. The balance of the site allows up to 75% build-out, while each structure may contain up to five units. These physical and zoning characteristics support a mixed-use configuration with commercial space at ground level and residential apartments above, subject to applicable approvals.
Key Highlights
- 106,286‑square‑foot mixed‑use development site
- Existing 6,156‑square‑foot building previously used as a medical facility
- Zoned Residential Mixed Use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,482
Cap Rate
3.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,349,640
$1.3M
Cap Rate 7%
$964,029
$964.0K
Cap Rate 9%
$749,800
$749.8K
Market Conditions
NOI Build-Up for 6,156 SF
Gross rent
$107.1K $17.40/SF
− Vacancy
−$17.1K −$2.78/SF
EGI
$90.0K $14.62/SF
− OpEx
−$22.5K −$3.65/SF
NOI
$67.5K $10.96/SF
Area
Billings, MT
Vacancy
16.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,349,640
Cap Rate 7%
$964,029
Cap Rate 9%
$749,800
Alternative Uses
Best Use
Office B
$964.0K
$843.5K – $1.12M
NOI $67,482 @ 7.0% cap · market cap 3.55%
Second Best
Healthcare Medical
$947.3K
$828.9K – $1.11M
NOI $66,308 @ 7.0% cap · market cap 3.49%
Theoretical Best
Office A
$1.34M
$1.18M – $1.57M
NOI $94,024 @ 7.0% cap · market cap 4.95%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
139
Businesses Nearby
Explore this area
Business Placement
Demographics for 59105, MT
33,310
Population
14,198
Households
2.3
Avg Household Size
37
Median Age
30%
College-Educated
96%
High-School Grad
95.9 sq mi
ZIP Area
347
Density / Sq Mi
$74,572
Median Household Income
$44,359
Median Earnings
$1,261
Median Rent
$314,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Residential Mixed Use zoning supports adaptive reuse of an existing medical facility.
Where is this mixed-use property located?
The property is located at 100 W Wicks Billings, MT.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 106,286‑square‑foot mixed‑use development site; Existing 6,156‑square‑foot building previously used as a medical facility; Zoned Residential Mixed Use
