Gated Warehouse Unit For
For Sale
Contact for pricing
7618 N Leopard Ave, Billings, MT 59106
Warehouse unit with 16'8" ceilings and insulated garage door.
Property Size1,332 SF
Price / SF$93.84
Days on Market251
Property Features for 7618 N Leopard Ave
General Information
Standard status
Active
Size
1,332 SF
Property subtype
Industrial
Building Details
Year Built
2023
Listing Agency:
4 Seasons Real Estate
Listed By:
Lanissa Fortner · License #BRO-LIC-13590
(406) 670-9799
Source:
Crexi
Added: Jan 28
Changed: Oct 2
Last Checked: Oct 5 at 6:11PM
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 4 Seasons Real Estate
Investment Insights
Based on property information with market context.
This warehouse unit, situated within a gated subdivision, offers approximately 1332 square feet of space. The property features concrete floors and a 16'8" ceiling height. It is equipped with a gas hanging heater, a 12'x 14' insulated garage door, and man doors. Additional features include a ceiling fan and LED lighting. The unit contains one 240V 40amp outlet and ten 110V outlets. The stick-built structure measures approximately 24'x54'.
Key Highlights
- Gated Subdivision: Enjoy enhanced security and exclusivity.
- 16’8” Ceiling: Offers ample vertical space.
- 12'x 14' Insulated Garage Door: Accommodates large vehicles and equipment.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,702
Cap Rate
6.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$174,040
$174.0K
Cap Rate 7%
$124,314
$124.3K
Cap Rate 9%
$96,689
$96.7K
Market Conditions
NOI Build-Up for 1,332 SF
Gross rent
$11.2K $8.40/SF
− Vacancy
−$951 −$0.71/SF
EGI
$10.2K $7.69/SF
− OpEx
−$1.5K −$1.15/SF
NOI
$8.7K $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%
$174,040
Cap Rate 7%
$124,314
Cap Rate 9%
$96,689
Alternative Uses
Best Use
Warehouse
$124.3K
$108.8K – $145.0K
NOI $8,702 @ 7.0% cap · market cap 6.96%
Second Best
Industrial
$109.7K
$96.0K – $128.0K
NOI $7,678 @ 7.0% cap · market cap 6.14%
Theoretical Best
Office A
$290.6K
$254.3K – $339.1K
NOI $20,344 @ 7.0% cap · market cap 16.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
Well-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse unit with 16'8" ceilings and insulated garage door.
Where is this warehouse located?
The property is located at 7618 N Leopard Ave Billings, MT.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: Gated Subdivision: Enjoy enhanced security and exclusivity.; 16’8” Ceiling: Offers ample vertical space.; 12'x 14' Insulated Garage Door: Accommodates large vehicles and equipment.
