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    Turnkey Indoor Grow Facility Title is generated by Realmo AI

    6 89th Street S, Billings, MT 59106

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    Newly built, environmentally controlled grow and processing facility with 1.5-acre lot and dedicated support infrastructure.

    Type:Special Purpose
    Lot size:
    1.50 Acres
    Added:
    May 27, 2026
    Days on Market:
    13
    Last Refresh:
    Jun 6 at 4:30 am

    Property Features for 6 89th Street S

    General Information

    Standard status
    Active
    Lot size
    1.50 Acres
    Property subtype
    Special Purpose

    Building Details

    Year Built
    2017

    We can help!

    Listing Contact
    Wayne Wilcox

    Listing agent Wayne Wilcox License #MT

    Listing office CENTURY 21 Hometown Brokers Billings

    Listing date May 27, 2026

    Source Crexi

    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 CENTURY 21 Hometown Brokers Billings

    HighLights

    • Newly built 2017 commercial grow and processing facility with environmentally controlled growing, packaging, and processing rooms
    • 1.5‑acre lot with extra on‑site parking/storage, plus locked security fence and multi‑point security entrance
    • Dedicated support infrastructure includes full plumbing and a private bathroom in the building
    • 3‑phase electrical service installed, supporting the facility’s grow and processing operations
    • Water and wastewater infrastructure includes 2 cisterns, including a water‑disposal/RO setup with 4 holding tanks
    • Security and office setup designed to meet CCD/DOJ requirements, with a separate mother room from other rooms

    Overview

    This newly built grow facility is set up for cultivation, manufacture, and environmentally controlled curing. The building includes multiple growing rooms, with one room described as turn-key, along with separate mother room and dedicated packaging and processing rooms. On-site amenities include full plumbing and a private bathroom within the building, plus an office and a security system designed to meet CCD/DOJ requirements. Site and utilities support include 3-phase electrical installed, a locked security fence, and a multi-point security entrance. Water and water-handling systems are described as including two cisterns, one for water disposal/RO system, and four holding tanks.

    The property is located conveniently off Lipp Rd & 89th St W. The offering includes a 1 1/2 acre lot that the remarks indicate can support additional parking or storage.

    Designed as a self-contained facility, this property may fit operators seeking an indoor, secured operation with dedicated rooms for growing, packaging, and processing. The presence of private restroom facilities, office space, and on-site security infrastructure supports day-to-day management and controlled access.
    Location Intelligence

    Current Use by Public Records

    Cannabis Properties

    Suggested Use

    Real Estate Agency Big Box & Wholesale Store Auto Repair Shop Storage Facility (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Billings
    County
    Yellowstone
    State
    Montana
    Longitude
    -108.745019
    Latitude
    45.770774

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    FAQs

    What type of property is this?
    Cannabis property - Newly built, environmentally controlled grow and processing facility with 1.5-acre lot and dedicated support infrastructure.
    Where is this cannabis property located?
    The property is located at 6 89th Street S Billings, MT.
    What is the asking price?
    The asking price for this property is $779,900.
    What are key features of this property?
    This property features: Newly built 2017 commercial grow and processing facility with environmentally controlled growing, packaging, and processing rooms; 1.5‑acre lot with extra on‑site parking/storage, plus locked security fence and multi‑point security entrance; Dedicated support infrastructure includes full plumbing and a private bathroom in the building
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Wayne Wilcox
    Real Estate License ID: MT
    Learn More
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    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.

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