Warehouse
For Sale
$1,250,000
6821 Cowgirl Way, Billings, MT 59106
Industrial warehouse property constructed in 2022.
Property Size7,560 SF
Price / SF$165.34
Days on Market152
Property Features for 6821 Cowgirl Way
General Information
Standard status
Active
Size
7,560 SF
Property subtype
Industrial
Site & Location
Neighborhood
West Shiloh
Building Details
Building Size
7,560 SF
Year Built
2022
Listing Agency:
Coldwell Banker Commercial CBS
Listed By:
Nathan Matelich, SIOR, CCIM · License #MT #RRE-BRO-LIC-69991
(406) 781-6889
Source:
Cbcmontana
Added: Jun 2
Changed: Oct 25
Last Checked: Oct 30 at 10:52AM
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 Coldwell Banker Commercial CBS
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Investment Insights
Based on property information with market context.
This warehouse property comprises a 7,560-square-foot industrial building completed in 2022. The asset is located at 6821 Cowgirl Way in Billings, Montana, within the 59106 ZIP code.
Key Highlights
- 7,560 SF industrial warehouse building
- Constructed in 2022
- Located at 6821 Cowgirl Way, Billings, MT 59106
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,390
Cap Rate
3.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$987,800
$987.8K
Cap Rate 7%
$705,571
$705.6K
Cap Rate 9%
$548,778
$548.8K
Market Conditions
NOI Build-Up for 7,560 SF
Gross rent
$63.5K $8.40/SF
− Vacancy
−$5.4K −$0.71/SF
EGI
$58.1K $7.69/SF
− OpEx
−$8.7K −$1.15/SF
NOI
$49.4K $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%
$987,800
Cap Rate 7%
$705,571
Cap Rate 9%
$548,778
Alternative Uses
Best Use
Warehouse
$705.6K
$617.4K – $823.2K
NOI $49,390 @ 7.0% cap · market cap 3.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.65M
$1.44M – $1.92M
NOI $115,468 @ 7.0% cap · market cap 9.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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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?
Warehouse - Industrial warehouse property constructed in 2022.
Where is this warehouse located?
The property is located at 6821 Cowgirl Way Billings, MT.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 7,560 SF industrial warehouse building; Constructed in 2022; Located at 6821 Cowgirl Way, Billings, MT 59106
