Warehouse Unit with Tall
For Sale
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7622 N Leopard Ave Unit 3, Billings, MT 59106
Gated warehouse unit offering durable finishes, insulated access, heating, lighting, and dedicated electrical capacity.
Property Size1,332 SF
Price / SF$0.64
Days on Market85
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Property Features for 7622 N Leopard Ave Unit 3
General Information
Standard status
Active
Size
1,332 SF
Warehouse & Industrial
Clear Height
16.7 ft
Drive-In Doors
1
Amenities
Gated Subdivision
Building Details
Construction
Stick-Built
Listing Agency:
4 Seasons Real Estate
Listed By:
Lanissa Fortner · License #RRE-BRO-LIC-13590
(406) 670-9799
Source:
Dunndeal
Added: Jul 23
Changed: Oct 12
Last Checked: Oct 14 at 10:43PM
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.
Unit 3 at 7622 N Leopard Ave in Billings is a stick-built warehouse within a gated subdivision. The unit features concrete floors, a 16'8" ceiling, and a 12' x 14' insulated garage door, along with man doors for additional access.
Building improvements include a gas hanging heater, ceiling fan, LED lighting, one 240V 40amp outlet, and 10 110V outlets. The configuration provides a practical enclosed space for storage or warehouse use.
Building improvements include a gas hanging heater, ceiling fan, LED lighting, one 240V 40amp outlet, and 10 110V outlets. The configuration provides a practical enclosed space for storage or warehouse use.
Key Highlights
- 16'8" ceiling height with concrete floors
- 12' x 14' insulated garage door
- Gas hanging heater, ceiling fan, and LED lighting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,702
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 1,023.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$290.6K
$254.3K – $339.1K
NOI $20,344 @ 7.0% cap · market cap 2,393.41%
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
16 ft
Clear height
1
Drive-in doors
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
Frequently Asked Questions
What type of property is this?
Warehouse - Gated warehouse unit offering durable finishes, insulated access, heating, lighting, and dedicated electrical capacity.
Where is this warehouse located?
The property is located at 7622 N Leopard Ave Unit 3 Billings, MT.
What are key features of this property?
This property features: 16'8" ceiling height with concrete floors; 12' x 14' insulated garage door; Gas hanging heater, ceiling fan, and LED lighting
