Auto Body Repair Shop with Fenced
New
For Sale
Contact for pricing
1150 S 29TH ST W, Billings, MT 59102
Shop and office improvements include a paint booth, specialty tools, and a fenced outdoor yard.
Property Size5,680 SF
Lot Size1.04 Acres
Price / SF$281.51
Days on Market5
Property Features for 1150 S 29TH ST W
General Information
Standard status
Active
Size
5,680 SF
Lot size
1.04 Acres
Property subtype
Industrial
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Business Included
Yes
Amenities
fenced yard
Building Details
Year Built
1985
Buildings
1
Stories
1
Units
1
Listing Agency:
Trinity Real Estate Advisors
Listed By:
Steve Zeier · License #RRE-BRO-LIC-86546
Source:
Crexi
Added: Aug 6
Changed: Aug 10
Last Checked: Aug 10 at 3:31AM
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 Trinity Real Estate Advisors
Investment Insights
Based on property information with market context.
The property includes a 5,680-square-foot shop and office building constructed in 1985. Improvements include a paint booth, specialty tools, inventory, and other equipment included with the real estate. The building and site are configured for automotive repair operations and related industrial activity.
The facility occupies a 47,045-square-foot, 1.04-acre industrial-zoned parcel at 1150 S 29th St W in Billings, Montana. A large fenced yard provides outdoor area for vehicle inventory, storage, and equipment staging. The offering includes both the real estate and the listed operational assets, including the paint booth and specialty tools.
The facility occupies a 47,045-square-foot, 1.04-acre industrial-zoned parcel at 1150 S 29th St W in Billings, Montana. A large fenced yard provides outdoor area for vehicle inventory, storage, and equipment staging. The offering includes both the real estate and the listed operational assets, including the paint booth and specialty tools.
Key Highlights
- 5,680 SF shop and office building constructed in 1985
- 47,045 SF (1.04‑acre) industrial‑zoned site
- Large fenced yard for vehicle inventory, outdoor storage, and equipment staging
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$58,149
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.64%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,162,980
$1.2M
Cap Rate 7%
$830,700
$830.7K
Cap Rate 9%
$646,100
$646.1K
Market Conditions
NOI Build-Up for 5,680 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$85.2K $15.00/SF
− Vacancy
−$2.1K −$0.38/SF
EGI
$83.1K $14.63/SF
− OpEx
−$24.9K −$4.39/SF
NOI
$58.1K $10.24/SF
Area
Billings, MT
Vacancy
2.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,162,980
Cap Rate 7%
$830,700
Cap Rate 9%
$646,100
Alternative Uses
Best Use
Retail
$830.7K
$726.9K – $969.2K
NOI $58,149 @ 7.0% cap · market cap 3.64%
Second Best
Industrial
$467.7K
$409.3K – $545.7K
NOI $32,742 @ 7.0% cap · market cap 2.05%
Theoretical Best
Office A
$1.24M
$1.08M – $1.45M
NOI $86,754 @ 7.0% cap · market cap 5.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
532
Businesses Nearby
541k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 24%
Shops & Services 23%
Home Improvements & Furnishings 22%
Apparel 17%
Walmart
Superstores
129,121 visits/mo
0.5 miles
The Home Depot
Home Improvements & Furnishings
42,958 visits/mo
0.4 miles
Ross Dress for Less
Apparel
38,416 visits/mo
0.2 miles
Lowe's
Home Improvements & Furnishings
37,052 visits/mo
0.3 miles
Sierra
Apparel
29,792 visits/mo
0.5 miles
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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- Zane's 24 Hour Tire & Road Services — Billings, MT 59102
Frequently Asked Questions
What type of property is this?
Auto shop - Shop and office improvements include a paint booth, specialty tools, and a fenced outdoor yard.
Where is this auto shop located?
The property is located at 1150 S 29TH ST W Billings, MT.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: 5,680 SF shop and office building constructed in 1985; 47,045 SF (1.04‑acre) industrial‑zoned site; Large fenced yard for vehicle inventory, outdoor storage, and equipment staging
