Storefront Property with Cold
216 N 14th St, Billings, MT 59101
For Sale
$1,595,000
Open-plan commercial space with cold storage, loading access, paved parking, and a fenced yard.
Property Size19,236 SF
Price / SF$82.92
Days on Market54
Property Features for 216 N 14th St
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Corner Location
Amenities
2 bathrooms
1 office
4 small storage rooms
large open space
ramp for loading dock access
fully paved parking lots
signage and rotating signs
5000 SF cold storage
paved fenced yard space
Building Details
Building Size
Year Built
Year Renovated
Listing Agency:
NAI Business Properties
Listed By:
Margaret Kirby · License MT RRE-RBS-LIC-119294
(760) 587-3310
Source:
Naiglobal
Added: Sep 18
Last Checked: Nov 10 at 5:48AM
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 NAI Business Properties
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Investment Insights
Based on property information with market context.
This storefront property comprises a 19,236 SF building constructed in 1961 and renovated in 1966. The interior features a large open area, 2 bathrooms, 1 office, 4 small storage rooms, and 5,000 SF of cold storage. A ramp provides access for loading, while 2 overhead doors may be revitalized into loading docks.
The building occupies a corner lot at 216 N 14th St in Billings, with a fully paved parking area, fenced yard, and included signage with rotating signs. The property is zoned EB_CW-East Billings Central Works and is located within the EBIRD district.
The building occupies a corner lot at 216 N 14th St in Billings, with a fully paved parking area, fenced yard, and included signage with rotating signs. The property is zoned EB_CW-East Billings Central Works and is located within the EBIRD district.
Key Highlights
- 19,236 SF building constructed in 1961 and renovated in 1966
- 5,000 SF of cold storage
- Large open area with ramp for loading dock access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$125,671
Cap Rate
7.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,513,420
$2.5M
Cap Rate 7%
$1,795,300
$1.8M
Cap Rate 9%
$1,396,344
$1.4M
Market Conditions
NOI Build-Up for 19,236 SF
Gross rent
$161.6K $8.40/SF
− Vacancy
−$13.7K −$0.71/SF
EGI
$147.8K $7.69/SF
− OpEx
−$22.2K −$1.15/SF
NOI
$125.7K $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%
$2,513,420
Cap Rate 7%
$1,795,300
Cap Rate 9%
$1,396,344
Alternative Uses
Best Use
Retail
$2.81M
$2.46M – $3.28M
NOI $196,929 @ 7.0% cap · market cap 12.35%
Second Best
Warehouse
$1.80M
$1.57M – $2.09M
NOI $125,671 @ 7.0% cap · market cap 7.88%
Theoretical Best
Office A
$4.20M
$3.67M – $4.90M
NOI $293,803 @ 7.0% cap · market cap 18.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
629
Businesses Nearby
Well-served
Demand for This Use
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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
$243,000
Median Home Value
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Market
Average Price Trend$/SF for Storefront properties in Billings, MT
Properties on Market for Storefront properties in Billings
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Mac's Floral — 2520 1st Ave N #6, Billings, MT 59101
- Stink Blossom — billings, mt 59101
Frequently Asked Questions
What type of property is this?
Storefront property - Open-plan commercial space with cold storage, loading access, paved parking, and a fenced yard.
Where is this storefront property located?
The property is located at 216 N 14th St Billings, MT.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: 19,236 SF building constructed in 1961 and renovated in 1966; 5,000 SF of cold storage; Large open area with ramp for loading dock access
