New Construction Shop
For Sale
$4,100,000
2777 S 56th St W, Billings, MT 59106
Brand-new 30,000 SF shop and warehouse built for industrial use.
Property Size30,000 SF
Price / SF$136.67
Days on Market126
Property Features for 2777 S 56th St W
General Information
Standard status
Active
Size
30,000 SF
Property subtype
Industrial
Building Details
Building Size
30,000 SF
Listed By:
Nathan Matelich, SIOR, CCIM · License #MT #RRE-BRO-LIC-69991
(406) 781-6889
Source:
Cbcmontana
Added: Jun 3
Changed: Oct 1
Last Checked: Oct 5 at 5:36PM
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 Nathan Matelich, SIOR, CCIM
Investment Insights
Based on property information with market context.
This new construction shop/warehouse totals approximately 30,000 SF and is designed to support industrial operations. The facility is being offered for sale.
The property is located at 2777 S 56th St W in Billings, MT, and presents a purpose-built layout for warehouse and shop activities.
No additional site, tenant, or amenity details were provided with the listing information.
The property is located at 2777 S 56th St W in Billings, MT, and presents a purpose-built layout for warehouse and shop activities.
No additional site, tenant, or amenity details were provided with the listing information.
Key Highlights
- 30,000 SF brand‑new shop/warehouse built for industrial use
- New construction shop/warehouse designed for industrial operations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$234,234
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,684,680
$4.7M
Cap Rate 7%
$3,346,200
$3.3M
Cap Rate 9%
$2,602,600
$2.6M
Market Conditions
NOI Build-Up for 30,000 SF
Gross rent
$396.0K $13.20/SF
− Vacancy
−$35.6K −$1.19/SF
EGI
$360.4K $12.01/SF
− OpEx
−$126.1K −$4.20/SF
NOI
$234.2K $7.81/SF
Area
Billings, MT
Vacancy
9.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,684,680
Cap Rate 7%
$3,346,200
Cap Rate 9%
$2,602,600
Alternative Uses
Best Use
Flex RnD
$3.35M
$2.93M – $3.90M
NOI $234,234 @ 7.0% cap · market cap 5.71%
Second Best
Industrial
$2.47M
$2.16M – $2.88M
NOI $172,935 @ 7.0% cap · market cap 4.22%
Theoretical Best
Office A
$6.55M
$5.73M – $7.64M
NOI $458,208 @ 7.0% cap · market cap 11.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
23
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 59106, MT
20,681
Population
8,164
Households
2.5
Avg Household Size
40
Median Age
52%
College-Educated
98%
High-School Grad
112.0 sq mi
ZIP Area
185
Density / Sq Mi
$122,374
Median Household Income
$52,380
Median Earnings
$1,380
Median Rent
$483,100
Median Home Value
Check the figures for this property
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?
Flex space - Brand-new 30,000 SF shop and warehouse built for industrial use.
Where is this flex space located?
The property is located at 2777 S 56th St W Billings, MT.
What is the asking price?
The asking price for this property is $4,100,000.
What are key features of this property?
This property features: 30,000 SF brand‑new shop/warehouse built for industrial use; New construction shop/warehouse designed for industrial operations
