Modern Self-Storage Facility For
5745 Elysian Rd, Billings, MT
For Sale
Contact for pricing
Newly constructed self-storage facility in a developing area.
Property Size40,640 SF
Lot Size4.79 Acres
Price / SF$71.36
Days on Market575
Property Features for 5745 Elysian Rd
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Listing Agency:
NAI Business Properties
(406) 256-5000
Listed By:
Brian McDonald · License MT RRE-BRO-LIC-12627
(406) 860-1567
Source:
Moodyscre
Added: Apr 18, 2025
Changed: Aug 8
Last Checked: Jul 26 at 4:05AM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property, constructed in 2021 and 2022, is a self-storage facility situated on a fully paved site. It features security cameras and gated access with keypad entry and exit. The facility offers 200 units in three sizes: 10'x10', 10'x20', and 12'x30', providing storage space for tenants. The property is strategically located in a developing residential and commercial area and is an ideal investment opportunity in the self-storage market. The property size is 40640 square feet.
Key Highlights
- Newly constructed in 2021 & 2022
- 200 units in three sizes 10'x10', 10'x20' & 12'x30'**
- Security cameras & gated access with key pad entry/exit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$234,269
Cap Rate
8.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,685,380
$4.7M
Cap Rate 7%
$3,346,700
$3.3M
Cap Rate 9%
$2,602,989
$2.6M
Market Conditions
NOI Build-Up for 40,640 SF
Gross rent
$365.8K $9.00/SF
− Vacancy
−$31.1K −$0.77/SF
EGI
$334.7K $8.24/SF
− OpEx
−$100.4K −$2.47/SF
NOI
$234.3K $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%
$4,685,380
Cap Rate 7%
$3,346,700
Cap Rate 9%
$2,602,989
Alternative Uses
Best Use
Self Storage
$4.76M
$4.17M – $5.56M
NOI $333,354 @ 7.0% cap · market cap 11.49%
Second Best
Industrial
$3.35M
$2.93M – $3.90M
NOI $234,269 @ 7.0% cap · market cap 8.08%
Theoretical Best
Office A
$8.87M
$7.76M – $10.35M
NOI $620,719 @ 7.0% cap · market cap 21.40%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
199
Businesses Nearby
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Business Placement
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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?
Self storage facility - Newly constructed self-storage facility in a developing area.
Where is this self storage facility located?
The property is located at 5745 Elysian Rd Billings, MT.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Newly constructed in 2021 & 2022; 200 units in three sizes 10'x10', 10'x20' & 12'x30'**; Security cameras & gated access with key pad entry/exit
