Billings Industrial Facility on 2.55
For Sale
Contact for pricing
1935 Main St, Billings, MT 59105
13,400 NRSF industrial facility on 2.55 acres for sale.
Property Size13,386 SF
Lot Size2.55 Acres
Price / SF$63.50
Days on Market160
Property Features for 1935 Main St
General Information
Standard status
Active
Size
13,386 SF
Lot size
2.55 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Matthews Real Estate Investment Services | Phoenix
(866) 889-0550
Listed By:
Mason Gates · License #20220840(NE)
(816) 807-8703
Source:
Moodyscre
Added: Apr 30
Changed: Oct 5
Last Checked: Oct 5 at 7:58PM
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 Matthews Real Estate Investment Services | Phoenix
Investment Insights
Based on property information with market context.
This industrial facility, totaling approximately 13,400 net rentable square feet, is situated on a 2.55-acre lot. The property is offered for sale at $850,000, which equates to approximately $63.50 per net rentable square foot. The listing information suggests this pricing represents a discount compared to similar sales in the Billings market. Furthermore, the property offers available room to expand.
Key Highlights
- Significant discount to comparable sales in the Billings market.
- Facility totals approximately 13,400 NRSF.
- Property size is 2.55 acres.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,164
Cap Rate
9.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,543,280
$1.5M
Cap Rate 7%
$1,102,343
$1.1M
Cap Rate 9%
$857,378
$857.4K
Market Conditions
NOI Build-Up for 13,386 SF
Gross rent
$120.5K $9.00/SF
− Vacancy
−$10.2K −$0.77/SF
EGI
$110.2K $8.24/SF
− OpEx
−$33.1K −$2.47/SF
NOI
$77.2K $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%
$1,543,280
Cap Rate 7%
$1,102,343
Cap Rate 9%
$857,378
Alternative Uses
Best Use
Industrial
$1.10M
$964.6K – $1.29M
NOI $77,164 @ 7.0% cap · market cap 9.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.92M
$2.56M – $3.41M
NOI $204,452 @ 7.0% cap · market cap 24.05%
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
392
Businesses Nearby
Explore this area
Business Placement
Demographics for 59105, MT
33,310
Population
14,198
Households
2.3
Avg Household Size
37
Median Age
30%
College-Educated
96%
High-School Grad
95.9 sq mi
ZIP Area
347
Density / Sq Mi
$74,572
Median Household Income
$44,359
Median Earnings
$1,261
Median Rent
$314,900
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - 13,400 NRSF industrial facility on 2.55 acres for sale.
Where is this industrial property located?
The property is located at 1935 Main St Billings, MT.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Significant discount to comparable sales in the Billings market.; Facility totals approximately 13,400 NRSF.; Property size is 2.55 acres.
