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    3734 Billings Blvd, Unit 4 Billings, MT 59101

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    For Sale
    $899,900

    New construction shop/warehouse with office/apartment near Interstate 90.

    Property size:
    5 SF

    Property Features for 3734 Billings Blvd

    General Information

    Size
    5 SF

    Building Details

    Year built
    2023

    We can help!

    Listing Contact
    Nathan Matelich
    Nathan Matelich
    Source: Cbcworldwide

    Listing Agent: Nathan Matelich

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Shop Condo with Living Space

    This new construction property at 3734 Cresent Lake Rd, Unit 4, Billings, MT, features a 5,225 square foot shop/warehouse with an office/apartment. The shop/warehouse provides 3,047 square feet of space with a 22-foot peak ceiling height and three 14 ft overhead doors allowing for drive-thru capability. The shop space bays are 70 feet deep and include a trench drain in the floor and a large GFA heater. A fenced gravel yard is included. The 2,178 square foot office or 3-bedroom, 2-bath residence has central HVAC, LED lighting, and is wired for security, with quality windows, doors, and trim throughout. The main floor features a lobby or family room entry with a kitchenette, two bedrooms, and one full bath. Upstairs, there is an open kitchen/living room with island seating and a vaulted master suite with a full bath and laundry. The property is located minutes from Interstate 90, offering access between Billings and Laurel. It is situated in Billings’ West End, suitable for businesses that serve clients in both markets. This location is ideal for service providers needing on-call staff accommodations, contractors seeking functional shop space, or entrepreneurs desiring a live/work setup. The property has a community well and septic system. It is designed for high energy efficiency and is zoned outside city limits.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Live-work space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Hair Salon Auto Repair Shop Big Box & Wholesale Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    The Storage Place of MT

    Location Insight

    • Map
    • Local Demand
    City
    Billings
    County
    Yellowstone
    State
    Montana
    Longitude
    -108.54082
    Latitude
    45.745375

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    FAQs

    What type of property is this?
    Warehouse - New construction shop/warehouse with office/apartment near Interstate 90.
    Where is this warehouse located?
    The property is located at 3734 Billings Blvd, Unit 4 Billings, MT.
    What is the asking price?
    The asking price for this property is $899,900.
    What are key features of this property?
    This property features: - New construction (2023) shop/warehouse with office/apartment, offering a versatile live/work space.; - Strategically located off I-90 in Billings' West End, providing excellent access to Billings and Laurel.; - **3,047 sf shop/warehouse with 22’ peak ceiling height and three 14 ft overhead doors, enabling drive-thru capability.**
    (406) 656-2001
    Request Owner's contact information
    3734 Billings Blvd, Unit 4 Billings, MT 59101
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    Billings, MT 59101
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3734 Billings Blvd, Unit 4 Billings, MT 59101
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    We can help!
    Listing Contact
    Nathan Matelich
    Nathan Matelich
    (406) 656-2001 (406) 781-6889
    Learn more
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