2150 Coulson Rd E, Lockwood, MT 59101

Building Details

Building Size 7,220 SF More

Year Built 2001 More

Buildings 1 More

Listed By: George Warmer, SIOR, CCIM · License #MT #RRE-RBS-LIC-14174 Show Phone

Source: Cbcmontana

Added: Oct 24 Changed: Nov 6 Last Checked: Nov 6 at 3:18PM

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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 George Warmer, SIOR, CCIM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

The property includes a 7,220-square-foot industrial building on a 2.88-acre parcel. Built in 2001, the site also has excess land that can accommodate expansion or yard use, subject to applicable requirements. Heavy Industrial zoning allows a broad range of permitted uses.

Located in the Billings industrial corridor, the property is at 2150 Coulson Rd E in Lockwood, Montana.

Key Highlights

• 7,220‑square‑foot industrial building
• 2.88‑acre parcel with excess land for expansion or yard use
• Heavy Industrial zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$43,439

Cap Rate

5.79%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$868,780 $868.8K

Cap Rate 7%

$620,557 $620.6K

Cap Rate 9%

$482,656 $482.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,220 SF

Gross rent

$65.0K $9.00/SF

− Vacancy

−$2.9K −$0.41/SF

EGI

$62.1K $8.59/SF

− OpEx

−$18.6K −$2.58/SF

NOI

$43.4K $6.02/SF

Area

Yellowstone County, MT

Vacancy

4.50%

Lease Rate

$9.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$868,780

Cap Rate 7%

$620,557

Cap Rate 9%

$482,656

Alternative Uses

Best Use

Industrial

$620.6K

$543.0K – $724.0K (±1% cap)

NOI $43,439 @ 7.0% cap · market cap 5.79%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.57M

$1.37M – $1.83M (±1% cap)

NOI $109,790 @ 7.0% cap · market cap 14.64%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Industrial properties

Location Intelligence

Trade Area within ½ mile

30

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

Average Price Trend$/SF for Industrial properties in Yellowstone County, MT

$156 Jul

$109 Aug

$107 Sep

$108 Oct

Properties on Market for Industrial properties in Yellowstone County

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

Frequently Asked Questions

What type of property is this?

Industrial property - Heavy Industrial zoning and additional land support a range of industrial uses.

Where is this industrial property located?

The property is located at 2150 Coulson Rd E Lockwood, MT.

What is the asking price?

The asking price for this property is $750,000.

What are key features of this property?

This property features: 7,220‑square‑foot industrial building; 2.88‑acre parcel with excess land for expansion or yard use; Heavy Industrial zoning