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    1142 29Th St Billings, MT 59102

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    For Lease
    Contact for pricing

    Three modern warehouses, 6,500 SF total.

    Lot size:
    6,500 SF

    Property Features for 1142 29Th St

    General Information

    Property type
    Office Units
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,500 SF
    Class
    A
    Total Rate
    7583.33

    Building Details

    Year Built
    2023
    Buildings
    3
    Stories
    1

    Spaces For Lease

    at 1142 29Th St, Billings, MT 59102 Contact us
    Unit 1142 S. 29th Street West

    $14 /Mo

    Size
    6,500 SF
    Contact us
    Unit 1146 S. 29th Street West

    $14 /Mo

    Size
    1,500 SF
    Contact us
    Unit 1144 S. 29th Street West

    $14 /Mo

    Size
    6,500 SF
    Contact us

    We can help!

    Listing Contact
    Rob Veltkamp
    Rob Veltkamp

    Listing Agency: Rob Veltkamp Brokerage Listing Agent: Rob Veltkamp

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional offering presents a rare opportunity to lease space in a newly constructed (2023), three-building industrial complex totaling 6,500 square feet, situated in Billings, Montana's West End Industrial/Retail Market. The property, located at 1142, 1144, and 1146 S 29th St W, features 12 individual suites, with a minimum divisible space of 1,000 square feet and a maximum contiguous space of 6,500 square feet. Each of the three single-story buildings boasts a generous 15' 4" ceiling height, ideal for various industrial and commercial uses. The property is zoned for Controlled Industrial use and sits on a 1.67-acre lot, providing ample space and parking for tenants. The complex offers 33 total parking spaces and is conveniently located on S 29th St W, near Millennium, offering easy access for large vehicles. City services are readily available, ensuring a seamless operation. The property is classified as Class A and is ready for immediate occupancy. The versatile space is suitable for a range of businesses, including medical offices, creative offices, manufacturing, flex space, and warehousing. This prime location offers a quiet, professional setting while maintaining convenient access to major transportation routes. The APN is C10468B in Yellowstone County, MT, zip code 59102.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Billings
    County
    Yellowstone
    State
    Montana
    Longitude
    -108.58767461
    Latitude
    45.7486739

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    FAQs

    What type of property is this?
    Office units - Three modern warehouses, 6,500 SF total.
    Where is this office units located?
    The property is located at 1142 29Th St Billings, MT.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: Three 6,500 SF warehouse buildings in Billings, MT's West End.; 1,000 - 6,500 SF available for lease.; $14.00 PSF + $2.00 NNN.
    (406) 855-9089 Call to check price and availability
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    1142 29Th St Billings, MT 59102
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1142 29Th St Billings, MT 59102
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    Contact for Pricing
    Please call us for current price
    and status of this listing Rob Veltkamp
    Rob Veltkamp
    Real Estate License ID: 4131
    (406) 855-9089
    Learn more
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