Storage Condo with Electric
New
For Sale
$138,600
1127 S 31st St W Unit U-D1, Billings, MT 59102
CommercialSale, Billings, MT
Property Size1,100 SF
Price / SF$126
Days on Market3
Property Features for 1127 S 31st St W Unit U-D1
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
I1 - 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
A36967B
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 D UNIT U-D1 1.73% COMMON AREA INTEREST
Tax Annual Amount
1455
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 D UNIT U-D1 1.73% COMMON AREA INTEREST
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Amenities
secure gated access
24/7 video surveillance
RV dump station
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 9
Last Checked: Oct 11 at 12:06PM
MLS# 362213
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 self-storage condo is an insulated 22-by-50-foot unit with a 14-foot electric overhead door and opener. Interior features include a natural gas ceiling heater, lighting, and multiple electrical outlets. The interior may be customized by the owner after purchase.
The facility has gated access, 24/7 video surveillance, and a large paved lot with room to maneuver. Owners can use an on-site RV dump station and an indoor restroom in the clubhouse. The property is in Billings’ West End.
The facility has gated access, 24/7 video surveillance, and a large paved lot with room to maneuver. Owners can use an on-site RV dump station and an indoor restroom in the clubhouse. The property is in Billings’ West End.
Key Highlights
- 22‑by‑50‑foot insulated storage condo
- 14‑foot electric overhead door with opener
- Ceiling‑mounted natural gas heater, lighting, and multiple outlets
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,023
Cap Rate
6.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$180,460
$180.5K
Cap Rate 7%
$128,900
$128.9K
Cap Rate 9%
$100,256
$100.3K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$13.9K $12.60/SF
− Vacancy
−$970 −$0.88/SF
EGI
$12.9K $11.72/SF
− OpEx
−$3.9K −$3.52/SF
NOI
$9.0K $8.20/SF
Area
Billings, MT
Vacancy
7.00%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$180,460
Cap Rate 7%
$128,900
Cap Rate 9%
$100,256
Alternative Uses
Best Use
Self Storage
$128.9K
$112.8K – $150.4K
NOI $9,023 @ 7.0% cap · market cap 6.51%
Second Best
Warehouse
$102.7K
$89.8K – $119.8K
NOI $7,186 @ 7.0% cap · market cap 5.18%
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
Fenced yard
Location Intelligence
Trade Area within ½ mile
478
Businesses Nearby
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
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Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - An insulated storage unit includes gated entry, video monitoring, an overhead door, and access to an on-site restroom.
Where is this self storage facility located?
The property is located at 1127 S 31st St W Unit U-D1 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: 22‑by‑50‑foot insulated storage condo; 14‑foot electric overhead door with opener; Ceiling‑mounted natural gas heater, lighting, and multiple outlets
