Property summary
This exceptional 3,000-square-foot Class A flex space, located at 3220 Pureview Lane, Unit A4 in Billings, Montana, presents a unique investment opportunity. Built in 2023, this property boasts a 100% occupancy rate with a current lease expiring November 30, 2025, offering a one-year remaining lease term. The property features a combined live/work space, ideal for owner-occupancy or continued rental income. The industrial-zoned building includes 1,500 square feet of finished living space, complete with two bedrooms (each with walk-in closets), a full bathroom with a tub, and a second bathroom with a utility sink. The kitchen is equipped with high-end appliances and under-cabinet lighting. The remaining 1,500 square feet comprises a warehouse space perfect for business or hobby use. This area features sealed concrete floors with radiant heat, two 14' x 14' overhead doors with pull-through capability, and access to a shared private storage yard with a gate. The property sits on a 1.8-acre lot, outside city limits, and offers a 7.62% cap rate with a net operating income (NOI) of $39,600. The asking price is $520,000, translating to $178 per square foot. The property is zoned for outside city limits and has a gross lease type. All utilities are included in the lease. This is a single-unit, two-story building with a 9-foot ceiling height. The APN is C18666D.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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