Automotive Service Facility with
130 S 24th St, Billings, MT 59101
For Sale
Contact for pricing
A service-oriented building combines multiple repair bays with dedicated lifting equipment and three-phase power.
Property Size8,982 SF
Days on Market13
Property Features for 130 S 24th St
General Information
Standard status
Size
Property subtype
Lease Term
Site & Location
Neighborhood
Building Details
Building Size
Year Built
Properties For Sale
at 130 S 24th St
130 S 24th St
Size
8,982 SF
Term
Negotiable
Listing Agency:
Coldwell Banker Commercial CBS
Listed By:
Todd Sherman · License #MT #RRE-RBS-LIC-54530
(406) 570-8961
Source:
Cbcmontana
Added: Oct 28
Changed: Oct 31
Last Checked: Nov 8 at 4:33AM
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 Coldwell Banker Commercial CBS
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Investment Insights
Based on property information with market context.
Built in 1992, this automotive service property has 12 service bays, 2 overhead doors, a small office, two restrooms, and a mezzanine. Floor drains are installed throughout, and the building is equipped with three-phase power, radiant heating, and upgraded lighting and electrical systems. Three cranes provide lifting capacities of 20 tons, 5 tons, and 1 ton.
The property is in an established commercial and industrial area of Billings, with access to major transportation corridors serving the city and surrounding communities.
The property is in an established commercial and industrial area of Billings, with access to major transportation corridors serving the city and surrounding communities.
Key Highlights
- 12 service bays and 2 overhead doors
- Three cranes with 20‑ton, 5‑ton, and 1‑ton capacities
- Three‑phase power, floor drains throughout, and radiant heating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,777
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,035,540
$1.0M
Cap Rate 7%
$739,671
$739.7K
Cap Rate 9%
$575,300
$575.3K
Market Conditions
NOI Build-Up for 8,982 SF
Gross rent
$80.8K $9.00/SF
− Vacancy
−$6.9K −$0.77/SF
EGI
$74.0K $8.24/SF
− OpEx
−$22.2K −$2.47/SF
NOI
$51.8K $5.76/SF
Area
Billings, MT
Vacancy
8.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,035,540
Cap Rate 7%
$739,671
Cap Rate 9%
$575,300
Alternative Uses
Best Use
Retail
$1.31M
$1.15M – $1.53M
NOI $91,953 @ 7.0% cap · market cap 1,081,800.00%
Second Best
Industrial
$739.7K
$647.2K – $863.0K
NOI $51,777 @ 7.0% cap · market cap 609,141.18%
Theoretical Best
Office A
$1.96M
$1.71M – $2.29M
NOI $137,187 @ 7.0% cap · market cap 1,613,964.71%
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
Location Intelligence
Trade Area within ½ mile
2,020
Businesses Nearby
17k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 71%
Dining 19%
Shops & Services 10%
DoubleTree by Hilton Hotel Billings
Hotels & Casinos
8,726 visits/mo
0.3 miles
Dickey's Barbecue Pit
Dining
3,253 visits/mo
0.3 miles
Best Western Plus Clocktower Inn
Hotels & Casinos
3,208 visits/mo
0.4 miles
Conoco
Shops & Services
1,713 visits/mo
0.5 miles
Demographics for 59101, MT
41,522
Population
18,864
Households
2.2
Avg Household Size
37
Median Age
22%
College-Educated
91%
High-School Grad
590.8 sq mi
ZIP Area
70
Density / Sq Mi
$58,165
Median Household Income
$36,258
Median Earnings
$930
Median Rent
$243,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- Trueline Autobody & Restoration — 1117 S 27th St, Billings, MT 59101
- Amsoil Dealer — Billings, MT 59104
- Hi-Mile Tire — 2604 belknap ave, billings, mt 59101
- VeeWee's — 2323 Belknap Ave, Billings, MT 59101
- Don Wicker's Auto Body — 16 Charlene St, Billings, MT 59101
Frequently Asked Questions
What type of property is this?
Auto shop - A service-oriented building combines multiple repair bays with dedicated lifting equipment and three-phase power.
Where is this auto shop located?
The property is located at 130 S 24th St Billings, MT.
What are key features of this property?
This property features: 12 service bays and 2 overhead doors; Three cranes with 20‑ton, 5‑ton, and 1‑ton capacities; Three‑phase power, floor drains throughout, and radiant heating
