Warehouse
For Sale
$1,250,000
6821 Cowgirl Way, Billings, MT 59106
Industrial warehouse property constructed in 2022.
Property Size7,560 SF
Price / SF$165.34
Days on Market127
Property Features for 6821 Cowgirl Way
General Information
Standard status
Active
Size
7,560 SF
Property subtype
Industrial
Building Details
Building Size
7,560 SF
Year Built
2022
Listed By:
Nathan Matelich, SIOR, CCIM · License #MT #RRE-BRO-LIC-69991
(406) 781-6889
Source:
Cbcmontana
Added: Jun 2
Changed: Oct 2
Last Checked: Oct 5 at 4:04PM
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 warehouse property comprises a 7,560-square-foot industrial building completed in 2022. The asset is located at 6821 Cowgirl Way in Billings, Montana, within the 59106 ZIP code.
Key Highlights
- 7,560 SF industrial warehouse building
- Constructed in 2022
- Located at 6821 Cowgirl Way, Billings, MT 59106
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,390
Cap Rate
3.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$987,800
$987.8K
Cap Rate 7%
$705,571
$705.6K
Cap Rate 9%
$548,778
$548.8K
Market Conditions
NOI Build-Up for 7,560 SF
Gross rent
$63.5K $8.40/SF
− Vacancy
−$5.4K −$0.71/SF
EGI
$58.1K $7.69/SF
− OpEx
−$8.7K −$1.15/SF
NOI
$49.4K $6.53/SF
Area
Billings, MT
Vacancy
8.50%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$987,800
Cap Rate 7%
$705,571
Cap Rate 9%
$548,778
Alternative Uses
Best Use
Warehouse
$705.6K
$617.4K – $823.2K
NOI $49,390 @ 7.0% cap · market cap 3.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.65M
$1.44M – $1.92M
NOI $115,468 @ 7.0% cap · market cap 9.24%
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
2
Businesses Nearby
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?
Warehouse - Industrial warehouse property constructed in 2022.
Where is this warehouse located?
The property is located at 6821 Cowgirl Way Billings, MT.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 7,560 SF industrial warehouse building; Constructed in 2022; Located at 6821 Cowgirl Way, Billings, MT 59106
