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    803 Cerise Rd Billings, MT 59101

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    For Sale
    $1,640,000

    Well-maintained storage facility with high occupancy and expansion opportunities.

    Property size:
    24,100 SF
    Lot size:
    2.42 Acres

    Property Features for 803 Cerise Rd

    General Information

    Size
    24,100 SF
    Lot size
    2.42 Acres

    Source: Matthews Real Estate Investment Services - Orange County Agent Shane Avera

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

    Overview

    Refurbished Storage Facility with Expansion Potential

    This self-storage and industrial property benefits from a strong demographic base, supported by a population of over 110,000 within a 10-mile radius. The area features a balanced mix of renters and homeowners, sustaining demand for self-storage. Located just north of I-90, the surrounding 5-mile trade area boasts an average household income of $80,176. The property, with a durable steel exterior that was refurbished in 2018 and a roof reshingled in 2015, includes a gated keypad entry system. Currently operating at 91% unit occupancy, the facility reflects strong leasing fundamentals. The market remains stable, offering attractive potential for additional unit buildout on the approximate 0.90 acres that is currently used for RV parking. The property has 24,100 square feet of property size. The market has a 10.59 SF per Capita in a 5-mile radius (2024, StorTrack).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    u-LOCKED Mini Storage Self-Storage Facility

    Suggested Use

    Realty agency Restaurant Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Clothing Store Nail Salon Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Billings
    County
    Yellowstone
    State
    Montana
    Longitude
    -108.46563
    Latitude
    45.7991214

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    FAQs

    What type of property is this?
    Self storage facility - Well-maintained storage facility with high occupancy and expansion opportunities.
    Where is this self storage facility located?
    The property is located at 803 Cerise Rd Billings, MT.
    What is the asking price?
    The asking price for this property is $1,640,000.
    What are key features of this property?
    This property features: - Healthy 91% unit occupancy indicates strong leasing fundamentals and consistent demand.; - Strategic location just North of I-90 with a high average household income of $80,176 within a 5-mile radius.; - Expansion potential with approximately 0.90 acres available for additional unit buildout.
    (949) 485-1865
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    803 Cerise Rd Billings, MT 59101
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    Billings, MT 59101
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    Realmo Value Estimation

    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.

    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.

    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
    803 Cerise Rd Billings, MT 59101
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