Insulated Self-Storage
1127 South 31st Street West, Billings, MT 59102
For Sale
Contact for pricing
Owners have access to gated entry, video monitoring, and an on-site RV dump station.
Property Size1,100 SF
Price / SF$126
Days on Market20
Property Features for 1127 South 31st Street West
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Fenced Yard
Warehouse & Industrial
Warehouse Space
Self-Storage Units
Additional Details
Property Use
Amenities
secure gated access
24/7 video surveillance
RV dump station
ceiling-mounted gas heater
indoor restroom in clubhouse
Listing Agency:
Yellowstone Valley Real Estate
Listed By:
Jason Wood · License MT #71019
Source:
Crexi
Added: Oct 26
Changed: Nov 13
Last Checked: Nov 14 at 2:44AM
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 Yellowstone Valley Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Unit U-D6 is a self-storage condominium at 1127 South 31st Street West in Billings. The insulated space measures 22 by 50 feet and has a 14-foot electric overhead door with an opener, a ceiling-mounted gas heater, lighting, and multiple electrical outlets. Owners may customize the interior after purchase.
The property has gated access, 24/7 video surveillance, and a paved lot with room for vehicle maneuvering. An indoor restroom is available in the facility clubhouse, and an RV dump station is on site. Common-area maintenance includes exterior building and grounds care, snow removal, pest and weed control, parking lot lighting, and surface maintenance.
The property has gated access, 24/7 video surveillance, and a paved lot with room for vehicle maneuvering. An indoor restroom is available in the facility clubhouse, and an RV dump station is on site. Common-area maintenance includes exterior building and grounds care, snow removal, pest and weed control, parking lot lighting, and surface maintenance.
Key Highlights
- Insulated 22' x 50' storage unit
- 14' electric overhead door with opener
- Ceiling‑mounted 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
2,389
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
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Self storage facility - Owners have access to gated entry, video monitoring, and an on-site RV dump station.
Where is this self storage facility located?
The property is located at 1127 South 31st Street West 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: Insulated 22' x 50' storage unit; 14' electric overhead door with opener; Ceiling‑mounted gas heater, lighting, and multiple outlets
