New Construction Shop
For Sale
$2,100,000
5410 Knox Ave, Billings, MT 59106
New construction shop/warehouse totaling 14,270 SF, offered for sale.
Property Size14,270 SF
Price / SF$147.16
Days on Market143
Property Features for 5410 Knox Ave
General Information
Standard status
Active
Size
14,270 SF
Property subtype
Industrial
Building Details
Building Size
14,270 SF
Year Built
2023
Listed By:
Nathan Matelich, SIOR, CCIM · License #MT #RRE-BRO-LIC-69991
(406) 781-6889
Source:
Cbcmontana
Added: Jun 2
Changed: Oct 2
Last Checked: Oct 20 at 5:47PM
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 Nathan Matelich, SIOR, CCIM
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Investment Insights
Based on property information with market context.
This new construction shop/warehouse offers a total of 14,270 SF of warehouse and shop space. The property is presented for sale and is purpose-built as an industrial facility.
The listing is located at 5410 Knox Ave in Billings, MT 59106.
If you’re looking for fresh industrial space with shop and warehouse functionality in a single facility, this newly constructed building is worth reviewing.
The listing is located at 5410 Knox Ave in Billings, MT 59106.
If you’re looking for fresh industrial space with shop and warehouse functionality in a single facility, this newly constructed building is worth reviewing.
Key Highlights
- New construction shop/warehouse totaling 14,270 SF
- Built in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$111,417
Cap Rate
5.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,228,340
$2.2M
Cap Rate 7%
$1,591,671
$1.6M
Cap Rate 9%
$1,237,967
$1.2M
Market Conditions
NOI Build-Up for 14,270 SF
Gross rent
$188.4K $13.20/SF
− Vacancy
−$17.0K −$1.19/SF
EGI
$171.4K $12.01/SF
− OpEx
−$60.0K −$4.20/SF
NOI
$111.4K $7.81/SF
Area
Billings, MT
Vacancy
9.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,228,340
Cap Rate 7%
$1,591,671
Cap Rate 9%
$1,237,967
Alternative Uses
Best Use
Flex RnD
$1.59M
$1.39M – $1.86M
NOI $111,417 @ 7.0% cap · market cap 5.31%
Second Best
Warehouse
$1.33M
$1.17M – $1.55M
NOI $93,227 @ 7.0% cap · market cap 4.44%
Theoretical Best
Office A
$3.11M
$2.72M – $3.63M
NOI $217,954 @ 7.0% cap · market cap 10.38%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Explore this area
Business Placement
Demographics for 59106, MT
20,681
Population
8,164
Households
2.5
Avg Household Size
40
Median Age
52%
College-Educated
98%
High-School Grad
112.0 sq mi
ZIP Area
185
Density / Sq Mi
$122,374
Median Household Income
$52,380
Median Earnings
$1,380
Median Rent
$483,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - New construction shop/warehouse totaling 14,270 SF, offered for sale.
Where is this flex space located?
The property is located at 5410 Knox Ave Billings, MT.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: New construction shop/warehouse totaling 14,270 SF; Built in 2023
