Warehouse Condo with
707 Black Hawk Avenue, Billings, MT 59106
For Sale
$285,000
CommercialSale, Billings, MT
Property Size1,460 SF
Lot Size0.03 Acres
Price / SF$195.21
Days on Market8
Property Features for 707 Black Hawk Avenue
General Information
Property type
Property subtype
Zoning description
Parking
Parking features
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Building Details
Year built
Floors in Building
Building materials
Roof type
Listing Agency:
Real Estate Hub LLLP
(406) 206-4886
Listed By:
Dana Wagenhals · License MT RRE-BRO-LIC-15402
(406) 671-1441
Added: Nov 6
Changed: Nov 10
Last Checked: Nov 13 at 11:06PM
MLS# 362664
Copyright © 2026 Billings Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,460-square-foot warehouse condominium was built in 2016 and has metal siding and a metal roof. The insulated unit includes a built-in mezzanine, an ADA half bathroom, a utility sink, a gas wall heater, a ceiling fan, and substantial lighting. A 14-foot overhead garage door, 220 outlet, and cistern provide additional functional features. Gas and electricity are separately metered, and the property uses a septic tank.
Access to the parking area and unit is controlled by a code-protected gate. The condominium rules prohibit residential occupancy and cannabis-related uses. The unit is located in Billings, Montana.
Access to the parking area and unit is controlled by a code-protected gate. The condominium rules prohibit residential occupancy and cannabis-related uses. The unit is located in Billings, Montana.
Key Highlights
- 1,460‑square‑foot warehouse condominium built in 2016
- 14‑foot overhead garage door and 220 outlet
- Built‑in mezzanine, ADA half bath, and utility sink
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,538
Cap Rate
3.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$190,760
$190.8K
Cap Rate 7%
$136,257
$136.3K
Cap Rate 9%
$105,978
$106.0K
Market Conditions
NOI Build-Up for 1,460 SF
Gross rent
$12.3K $8.40/SF
− Vacancy
−$1.0K −$0.71/SF
EGI
$11.2K $7.69/SF
− OpEx
−$1.7K −$1.15/SF
NOI
$9.5K $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%
$190,760
Cap Rate 7%
$136,257
Cap Rate 9%
$105,978
Alternative Uses
Best Use
Warehouse
$136.3K
$119.2K – $159.0K
NOI $9,538 @ 7.0% cap · market cap 3.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$318.6K
$278.7K – $371.7K
NOI $22,299 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
69
Businesses Nearby
Well-served
Demand for This Use
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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
$483,100
Median Home Value
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Market
Average Price Trend$/SF for Warehouses in Billings, MT
Properties on Market for Warehouses in Billings
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Billings Storage — 6909 King Ave W, Billings, MT 59106
- 4E Storage Solutions — 712 S 64th St W, Billings, MT 59106
Frequently Asked Questions
What type of property is this?
Warehouse - A gated, insulated storage unit includes a half bath, utility sink, and separate gas and electric meters.
Where is this warehouse located?
The property is located at 707 Black Hawk Avenue Billings, MT.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: 1,460‑square‑foot warehouse condominium built in 2016; 14‑foot overhead garage door and 220 outlet; Built‑in mezzanine, ADA half bath, and utility sink
