Triple-Net Industrial Investment
For Sale
Contact for pricing
1627 Dickie Rd, Billings, MT 59101
Industrial facility with a newly executed long-term NNN lease and supplemental mobile home pad infrastructure.
Property Size9,420 SF
Lot Size1.51 Acres
Price / SF$84.82
Days on Market412
Property Features for 1627 Dickie Rd
General Information
Standard status
Active
Size
9,420 SF
Lot size
1.51 Acres
Property subtype
INDUSTRIAL
Net Operating Income
$75,050
Financials
Asking Price
$938,125
Cap Rate
8%
Building Details
Year Built
1950
Year Renovated
2025
Buildings
1
Building Size
9,420 SF
Tenancy
Single
Listing Agency:
Coldwell Banker Commercial CBS
(406) 656-2001
Listed By:
Nathan Matelich
(406) 781-6889
Source:
Moodyscre
Added: Sep 3, 2025
Changed: Oct 12
Last Checked: Oct 19 at 8:30AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property includes a 9,420-square-foot industrial building on 1.51 acres at 1627 Dickie Rd in Billings, Montana. Constructed in 1950 and renovated in 2025, the facility is leased under a new 5-year triple-net agreement with 2.5% annual escalators.
The site also contains 2 mobile home pad sites supported by infrastructure added in 1985. The mobile homes are tenant-owned and leased by BevCo Countertops. Lease responsibilities assign interior maintenance and all mobile home maintenance to the tenant, while the landlord remains responsible for the roof, exterior walls, and foundation.
The site also contains 2 mobile home pad sites supported by infrastructure added in 1985. The mobile homes are tenant-owned and leased by BevCo Countertops. Lease responsibilities assign interior maintenance and all mobile home maintenance to the tenant, while the landlord remains responsible for the roof, exterior walls, and foundation.
Key Highlights
- 9,420 SF industrial building on 1.51 acres
- New 5‑year triple‑net lease with 2.5% annual escalators
- Building constructed in 1950 and renovated in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,302
Cap Rate
6.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,086,040
$1.1M
Cap Rate 7%
$775,743
$775.7K
Cap Rate 9%
$603,356
$603.4K
Market Conditions
NOI Build-Up for 9,420 SF
Gross rent
$84.8K $9.00/SF
− Vacancy
−$7.2K −$0.77/SF
EGI
$77.6K $8.24/SF
− OpEx
−$23.3K −$2.47/SF
NOI
$54.3K $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%
$1,086,040
Cap Rate 7%
$775,743
Cap Rate 9%
$603,356
Alternative Uses
Best Use
Industrial
$775.7K
$678.8K – $905.0K
NOI $54,302 @ 7.0% cap · market cap 6.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.06M
$1.80M – $2.40M
NOI $143,877 @ 7.0% cap · market cap 18.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
18
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
NNN property - Industrial facility with a newly executed long-term NNN lease and supplemental mobile home pad infrastructure.
Where is this nnn 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: 9,420 SF industrial building on 1.51 acres; New 5‑year triple‑net lease with 2.5% annual escalators; Building constructed in 1950 and renovated in 2025
