Insulated Warehouse Condo with Overhead
For Sale
$138,600
1127 S 31st St W Unit U-A7, Billings, MT 59102
CommercialSale, Billings, MT
Property Size1,100 SF
Price / SF$126
Days on Market364
Property Features for 1127 S 31st St W Unit U-A7
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Light Industrial
Parking features
Parking Lot
Security features
Security
Subdivision
GABEL ROAD COMMERCIAL CENTER S
Directions
Gabel Road, then North on S 31st Street W. Storage facility is at end of road next to SteepWorld.
Standard status
Active
APN
A36966G
Taxes and HOA fees
Tax Description
GABEL ROAD COMMERCIAL CENTER SUBD, S13, T01 S, R25 E, BLOCK 1, Lot 10A1, AMD BLK 1 LTS 7-9, 10A,11A (18) BLDG A UNIT U-A7 1.73% COMMON AREA INTEREST
Tax Annual Amount
1694
Legal Description
GABEL ROAD COMMERCIAL CENTER SUBD, S13, T01 S, R25 E, BLOCK 1, Lot 10A1, AMD BLK 1 LTS 7-9, 10A,11A (18) BLDG A UNIT U-A7 1.73% COMMON AREA INTEREST
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Amenities
gated access
24/7 video surveillance
on-site RV dump station
indoor restroom in clubhouse
Building Details
Year built
2020
Floors in Building
1
Building materials
Steel
Roof type
Metal
Listing Agency:
Yellowstone Valley RE LLC
(406) 534-2860
Listed By:
Jason Wood · License #RRE-RBS-LIC-71019
(406) 850-2675
Added: Oct 8, 2025
Changed: Sep 4
Last Checked: Oct 6 at 5:06PM
MLS# 355918
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.
Investment Insights
Based on property information with market context.
This warehouse condo is Unit U-A7, a 1,100-square-foot insulated storage unit in a steel building constructed in 2020. The space measures 22' x 50' and includes a 14' automatic overhead door with opener, natural-gas radiant heat, extensive lighting, and multiple outlets. Owners may adapt the interior to their needs and have access to an indoor restroom in the facility clubhouse.
The property includes gated entry, 24/7 video surveillance, and a large paved parking lot with room for vehicle maneuvering. An on-site RV dump station adds utility for storage and recreational-vehicle users. Located in Billings' West End near I-90, the facility is served by public water and public sewer.
The property includes gated entry, 24/7 video surveillance, and a large paved parking lot with room for vehicle maneuvering. An on-site RV dump station adds utility for storage and recreational-vehicle users. Located in Billings' West End near I-90, the facility is served by public water and public sewer.
Key Highlights
- 1,100‑square‑foot insulated condo storage unit
- 22' x 50' unit with a 14' automatic overhead door
- Ceiling‑mounted natural‑gas radiant heater, ample lighting, and abundant outlets
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,186
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$143,720
$143.7K
Cap Rate 7%
$102,657
$102.7K
Cap Rate 9%
$79,844
$79.8K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$9.2K $8.40/SF
− Vacancy
−$785 −$0.71/SF
EGI
$8.5K $7.69/SF
− OpEx
−$1.3K −$1.15/SF
NOI
$7.2K $6.53/SF
Area
Billings, MT
Vacancy
8.50%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$143,720
Cap Rate 7%
$102,657
Cap Rate 9%
$79,844
Alternative Uses
Best Use
Warehouse
$102.7K
$89.8K – $119.8K
NOI $7,186 @ 7.0% cap · market cap 5.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$240.0K
$210.0K – $280.0K
NOI $16,801 @ 7.0% cap · market cap 12.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
478
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 59102, MT
48,133
Population
22,706
Households
2.1
Avg Household Size
41
Median Age
43%
College-Educated
97%
High-School Grad
15.0 sq mi
ZIP Area
3,209
Density / Sq Mi
$75,140
Median Household Income
$43,203
Median Earnings
$1,148
Median Rent
$307,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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Similar Off Market Nearby
- Put It Here Storage — 3224 Hesper Rd, Billings, MT 59102
- Homestead Self Storage — 3232 Hesper Rd, Billings, MT 59102
- Elysian Mini Storage — Elysian Rd, Billings, MT 59101
- U-Pack — 2630 Gabel Rd, Billings, MT 59102
- B & N Storage — 1415 S 32nd St W, Billings, MT 59102
Frequently Asked Questions
What type of property is this?
Warehouse - Gated access, surveillance, and an on-site RV dump station add practical features for storage users.
Where is this warehouse located?
The property is located at 1127 S 31st St W Unit U-A7 Billings, MT.
What is the asking price?
The asking price for this property is $138,600.
What are key features of this property?
This property features: 1,100‑square‑foot insulated condo storage unit; 22' x 50' unit with a 14' automatic overhead door; Ceiling‑mounted natural‑gas radiant heater, ample lighting, and abundant outlets
