Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Mixed-Use Office and Warehouse Facility Title is generated by Realmo AI

    4015 1st Avenue South, Billings, MT 59101

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $694,300

    8,261 SF mixed-use facility in Billings' industrial corridor.

    Type:Industrial
    Property size:
    8,261 SF
    Price / SF:
    $84/SF
    Added:
    Nov 22, 2025
    Days on Market:
    180
    Last Refresh:
    Dec 3 at 5:45 am

    Property Features for 4015 1st Avenue South

    General Information

    Standard status
    Active
    Size
    8,261 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1946

    We can help!

    Listing Contact
    Jennifer Vigoa

    Listing agent Jennifer Vigoa License #3484492

    Listing office Southern Select Realty

    Listing date Nov 22, 2025

    Source Naiglobal

    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 Southern Select Realty

    HighLights

    • Strategic location in Billings' established industrial corridor with Light Industrial zoning.
    • Substantial 8,261± square foot mixed‑use facility with modernized office space and functional warehouse/shop area.
    • Strong tenant mix and full occupancy generating stable income, ideal for owner‑user or investment.
    • Ample off‑street parking and secure fenced yard.
    • Large 42,500± square foot lot.
    • Remodeled in 2000 with updated plumbing, electrical, and mechanical systems.

    Overview

    Located at 4015 1st Avenue South in Billings, Montana, this mixed-use office and warehouse facility offers 8,261 square feet of space on a 42,500 square foot lot. The property is situated in the heart of Billings’ established industrial corridor and is zoned Light Industrial. The facility features a blend of modernized office space and a functional warehouse/shop area. It also includes ample off-street parking and a secure fenced yard. The building provides 12-foot clear heights. Constructed in 1946 and remodeled in 2000, the structure combines wood frame construction with updated plumbing, electrical, and mechanical systems. The property is in Class-B building condition and is fully occupied, generating stable income. Its flexible layout and strategic location offer long-term value for businesses seeking a balanced mix of office, service, and light industrial use in the growing Billings market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    TKO Auto Car Dealership Avery Electric Motor ... Electrical Service H2 Lawn & Snow ... Landscaping

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • The Storage Place of MT - 3rd Avenue — 913 3rd Ave N, Billings, MT 59101
    • Legacy Estate Sales & Auctions — 14 S 27th St, Billings, MT 59102

    Location Insight

    • Map
    • Local Demand
    City
    Billings
    County
    Yellowstone
    State
    Montana
    Longitude
    -108.5197414
    Latitude
    45.7723489

    Nearby Similar for Sale

    • $314,000
      3,000 SF

      New Steel Shop on Acreage

      Newly constructed 3000 SF shop on over an acre.
      243 S 80th St W, Billings, MT 59106
      View Details
    • $510,000
      3,120 SF

      Free Standing Retail Building

      Midtown retail building suitable for retail, office, or medical use.
      644 Broadwater Avenue, Billings, MT 59102
      View Details
    • $779,900
      4,125 SF

      Billings Grow Facility with Shop

      State-of-the-art grow facility with commercial shop on 1.45 acres.
      6 89th Street S, Billings, MT 59106
      View Details
    • $599,999
      3,276 SF

      Remodeled Duplex Investment Opportunity

      Remodeled duplex in Billings, MT with leases in place.
      1322 Babcock Circle, Billings, MT 59105
      View Details
    • $135,000
      3,420 SF

      Billings Commercial Building on Corner Lot

      3,420 SF commercial building on 0.51-acre corner lot.
      1 MacArthur Ave, Billings, MT 59101
      View Details
    • $675,000
      6,811 SF

      Mixed-Use Property in Billings, MT

      Mixed-use property with high traffic exposure and development potential.
      1315 6th Ave. N, Billings, MT 59101
      View Details
    • $825,000
      5,600 SF

      Billings Heights 5-Plex Investment

      Five 2-bed units near Lake Elmo with income potential.
      405 Roxy Lane, Billings, MT 59105
      View Details
    • $355,000
      5,879 SF

      Billings Retail/Warehouse Opportunity

      Retail and warehouse space in Billings, Montana.
      3407 Montana Avenue, Billings, MT 59101
      View Details
    • $999,000
      7,145 SF

      Prime Office/Flex Space For Sale

      6,345 SF office and 800 SF flex space.
      2747 Enterprise #5 Avenue, Billings, MT 59102
      View Details
    • $3,500
      900 SF

      Highway 312 Commercial Property

      4-acre commercial property with shop for lease.
      4380 Us Highway 312, Billings, MT 59105
      View Details
    • $2,900
      3,480 SF

      Office/Warehouse Space For Sale

      Versatile office and warehouse space with secure storage.
      707 Wagon Trail E - NNN LEASE LISTING, Billings, MT 59106
      View Details
    • $495,000
      5,310 SF

      Victorian Five-Plex in Central Billings

      Unique investment opportunity: five units, garages, potential single-family conversion.
      105 Yellowstone Avenue, Billings, MT 59101
      View Details

    FAQs

    What type of property is this?
    Warehouse - 8,261 SF mixed-use facility in Billings' industrial corridor.
    Where is this warehouse located?
    The property is located at 4015 1st Avenue South Billings, MT.
    What is the asking price?
    The asking price for this property is $694,300.
    What are key features of this property?
    This property features: Strategic location in Billings' established industrial corridor with Light Industrial zoning.; Substantial 8,261± square foot mixed‑use facility with modernized office space and functional warehouse/shop area.; Strong tenant mix and full occupancy generating stable income, ideal for owner‑user or investment.
    (561) 443-2112
    We can help!
    Listing Contact
    Jennifer Vigoa
    Real Estate License ID: 3484492
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4015 1st Avenue South, Billings, MT 59101
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!