Three-Bay Warehouse
904 80th St W, Billings, MT 59106
For Sale
Contact for pricing
Three separately metered bays are currently leased, with the property also offering an owner-occupancy option over time.
Property Size3,456 SF
Price / SF$113.01
Days on Market25
Property Features for 904 80th St W
General Information
Standard status
Size
Property subtype
Occupancy
Financials
Asking Price
Cap Rate
Gross Income
Additional Details
Utilities to Site
Tenant in Place
Property Use
Building Details
Buildings
Building Size
Tenancy
Listing Agency:
NAI Business Properties
Listed By:
Cole Mort · License MT RRE-RBS-LIC-123489
(406) 939-2431
Source:
Crexi
Added: Oct 21
Changed: Nov 9
Last Checked: Nov 12 at 7:46AM
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 NAI Business Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The warehouse building contains 3,456 square feet arranged as three bays, each measuring 24 by 48 feet and totaling 1,152 square feet. Utilities are separately metered for each bay, and all three are currently leased. The configuration also allows for one bay to be occupied by an owner while the other two remain leased.
The property is located in Shop World at 904 80th St W in Billings, Montana. Annual HOA charges are $450, and property taxes are $1,046.80. The stated 6.53% cap rate is based on current rents, HOA charges, and property taxes; it excludes insurance.
The property is located in Shop World at 904 80th St W in Billings, Montana. Annual HOA charges are $450, and property taxes are $1,046.80. The stated 6.53% cap rate is based on current rents, HOA charges, and property taxes; it excludes insurance.
Key Highlights
- 3,456‑square‑foot building divided into three bays
- Each bay measures 24' x 48' and contains 1,152 square feet
- All three bays are leased; monthly rent is $750 per bay
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,578
Cap Rate
5.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$451,560
$451.6K
Cap Rate 7%
$322,543
$322.5K
Cap Rate 9%
$250,867
$250.9K
Market Conditions
NOI Build-Up for 3,456 SF
Gross rent
$29.0K $8.40/SF
− Vacancy
−$2.5K −$0.71/SF
EGI
$26.6K $7.69/SF
− OpEx
−$4.0K −$1.15/SF
NOI
$22.6K $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%
$451,560
Cap Rate 7%
$322,543
Cap Rate 9%
$250,867
Alternative Uses
Best Use
Warehouse
$322.5K
$282.2K – $376.3K
NOI $22,578 @ 7.0% cap · market cap 5.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$754.1K
$659.8K – $879.8K
NOI $52,786 @ 7.0% cap · market cap 13.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
23
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
$483,100
Median Home Value
Market
Average Price Trend$/SF for Warehouses in Billings, MT
Properties on Market for Warehouses in Billings
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Shop World Storage — 936 West Toy Storage Street, Billings, MT 59106
Frequently Asked Questions
What type of property is this?
Warehouse - Three separately metered bays are currently leased, with the property also offering an owner-occupancy option over time.
Where is this warehouse located?
The property is located at 904 80th St W Billings, MT.
What is the asking price?
The asking price for this property is $390,550.
What are key features of this property?
This property features: 3,456‑square‑foot building divided into three bays; Each bay measures 24' x 48' and contains 1,152 square feet; All three bays are leased; monthly rent is $750 per bay
