Leased Industrial Investment
For Sale
$799,000
1627 Dickie Rd, Billings, MT 59101
Industrial building with new lease and income potential.
Property Size9,420 SF
Price / SF$88,777
Days on Market346
Property Features for 1627 Dickie Rd
General Information
Standard status
Active
Size
9,420 SF
Property subtype
Industrial
Zoning
Outside City Limits
Building Details
Building Size
9,420 SF
Year Built
1950
Listing Agency:
Coldwell Banker Commercial CBS
(406) 656-2001
Listed By:
Nathan Matelich · License ##RRE-RBS-LIC-109468
(406) 656-2001
Source:
Cbcworldwide
Added: Sep 10, 2025
Changed: Aug 8
Last Checked: Aug 8 at 4:45AM
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
Investment Insights
Based on property information with market context.
This industrial investment property, located at 1627 Dickie Rd, Billings, MT, is available for sale. The property features a 9,420 square foot industrial building situated on 1.51 acres of land. Constructed in 1950 and renovated in 2025, the property is currently under a triple net lease. The new 5-year lease includes 2.5% escalators, resulting in an 8% cap rate and a net operating income (NOI) of $75,050 per year. The property also includes two mobile home pad sites, each generating $400 per month in income, leased by BevCo Countertops, who own the mobile homes. The infrastructure for these mobile home spaces was added in 1985. Under the triple net lease, BevCo is responsible for 100% of interior maintenance and all maintenance on the mobile homes. The landlord's responsibilities are limited to the roof, exterior walls, and foundation.
Key Highlights
- 8% Cap Rate
- New 5 Year Triple Net Lease with 2.5% Escalators
- NOI = $75,050/yr
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
22
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - Industrial building with new lease and income potential.
Where is this industrial property located?
The property is located at 1627 Dickie Rd Billings, MT.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 8% Cap Rate; New 5 Year Triple Net Lease with 2.5% Escalators; NOI = $75,050/yr
