Insulated Self-Storage Condo
For Sale
$86,000
1127 S 31st St W Unit U-E1, Billings, MT 59102
CommercialSale, Billings, MT
Property Size660 SF
Price / SF$130.30
Days on Market364
Property Features for 1127 S 31st St W Unit U-E1
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
A36967H
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 E UNIT U-E1 1.04% COMMON AREA INTEREST
Tax Annual Amount
1037
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 E UNIT U-E1 1.04% 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
ceiling-mounted gas radiant heater
ample lighting
abundant outlets
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 1:06PM
MLS# 355925
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-E1 is a 22' x 30' insulated storage condominium completed in 2020. The space includes a 14' automatic overhead door with opener, ceiling-mounted natural-gas radiant heat, ample lighting, and abundant electrical outlets. Interior customization is permitted after purchase. Owners also have access to an indoor restroom in the facility clubhouse.
The property provides gated entry, 24/7 video surveillance, and a large paved parking area designed to accommodate vehicle maneuvering. An on-site RV dump station adds utility for recreational vehicle storage and service needs. The facility is located on S 31st St W in Billings, near I-90, with public water and sewer service. The building features steel construction and a metal roof.
The property provides gated entry, 24/7 video surveillance, and a large paved parking area designed to accommodate vehicle maneuvering. An on-site RV dump station adds utility for recreational vehicle storage and service needs. The facility is located on S 31st St W in Billings, near I-90, with public water and sewer service. The building features steel construction and a metal roof.
Key Highlights
- 22' x 30' insulated storage condominium
- 14' automatic overhead door with opener
- Ceiling‑mounted natural‑gas radiant heater
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,414
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$108,280
$108.3K
Cap Rate 7%
$77,343
$77.3K
Cap Rate 9%
$60,156
$60.2K
Market Conditions
NOI Build-Up for 660 SF
Gross rent
$8.3K $12.60/SF
− Vacancy
−$582 −$0.88/SF
EGI
$7.7K $11.72/SF
− OpEx
−$2.3K −$3.52/SF
NOI
$5.4K $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%
$108,280
Cap Rate 7%
$77,343
Cap Rate 9%
$60,156
Alternative Uses
Best Use
Self Storage
$77.3K
$67.7K – $90.2K
NOI $5,414 @ 7.0% cap · market cap 6.30%
Second Best
Warehouse
$61.6K
$53.9K – $71.9K
NOI $4,312 @ 7.0% cap · market cap 5.01%
Theoretical Best
Office A
$144.0K
$126.0K – $168.0K
NOI $10,081 @ 7.0% cap · market cap 11.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Utilities to site
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
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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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Frequently Asked Questions
What type of property is this?
Self storage facility - Secure gated facility with video monitoring, an RV dump station, and convenient access near I-90.
Where is this self storage facility located?
The property is located at 1127 S 31st St W Unit U-E1 Billings, MT.
What is the asking price?
The asking price for this property is $86,000.
What are key features of this property?
This property features: 22' x 30' insulated storage condominium; 14' automatic overhead door with opener; Ceiling‑mounted natural‑gas radiant heater
