Insulated Warehouse Storage
For Sale
$138,600
1127 S 31st St W Unit U-D6, Billings, MT 59105
CommercialSale, Billings, MT
Property Size1,100 SF
Price / SF$126
Days on Market364
Property Features for 1127 S 31st St W Unit U-D6
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
A36967G
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-D6 1.73% COMMON AREA INTEREST
Tax Annual Amount
1670
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-D6 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
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# 355924
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.
Unit U-D6 is an insulated condominium warehouse storage unit in a steel building completed in 2020. The 22-foot by 50-foot interior includes a 14-foot automatic overhead door with opener, ceiling-mounted natural-gas radiant heat, ample lighting, and abundant electrical outlets. The interior may be customized after purchase. Ownership also includes access to an indoor restroom in the facility clubhouse.
The property is located on South 31st Street West in Billings, near I-90 and within the city. Site features include gated entry, 24/7 video surveillance, a large paved parking area, and an on-site RV dump station with room for vehicle maneuvering. Public water and public sewer serve the facility, while exterior grounds, snow removal, pest control, and parking-area maintenance are handled through the property’s common-area operations.
The property is located on South 31st Street West in Billings, near I-90 and within the city. Site features include gated entry, 24/7 video surveillance, a large paved parking area, and an on-site RV dump station with room for vehicle maneuvering. Public water and public sewer serve the facility, while exterior grounds, snow removal, pest control, and parking-area maintenance are handled through the property’s common-area operations.
Key Highlights
- 22' x 50' insulated storage unit
- 14' automatic overhead door with opener
- Ceiling‑mounted 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 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 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 - Secure gated warehouse unit with video monitoring, heating, lighting, and access to a shared facility restroom.
Where is this warehouse located?
The property is located at 1127 S 31st St W Unit U-D6 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' x 50' insulated storage unit; 14' automatic overhead door with opener; Ceiling‑mounted gas radiant heater, ample lighting, and abundant outlets
