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    6935 Corvette Ave Billings, MT 59102

    Sponsored
    For Sale
    $389,900

    Brand-new, multi-tenant commercial shop, ideal investment.

    Property size:
    3,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 3,600 square foot commercial property, situated on a 0.184-acre lot in Billings, Montana (zip code 59102, 6935 Corvette Avenue), presents a compelling investment opportunity. Built in 2024, this mixed-use building features two 1800 sq ft units, each boasting a 16-foot ceiling, a 3-foot private man door, and a 14-foot garage door. The units are equipped for optimal functionality with electric power (including 220v), natural gas heat, floor drains, and running water supplied by a 2200-gallon cistern. Each unit also includes its own RV dump and bathroom. A shared 2200-gallon septic system with two drain fields serves both units. The property benefits from community loading docks (one dock shared), gated security, and mailboxes. Currently, both units are 100% occupied with month-to-month leases at $1300 per month each. The asking price is $389,900, representing a price per square foot of $109.77 and a 7.80% cap rate. The property is conveniently located between Billings and Laurel, easily accessible from King Avenue. The potential for a mezzanine addition exists. This property offers a strong return on investment with the potential for future growth.

    Property Features for 6935 Corvette Ave

    General Information

    Property type
    Specialty properties
    Square Feet
    3,600 SF
    Lot Size
    8,015 SF

    Building Details

    Year Built
    2024

    HighLights

    • $389,900 asking price for this mixed‑use commercial land.
    • 0.184‑acre lot with a 3,600 square foot building in Billings, MT.
    • Two 30x60ft units, each with 16ft ceilings, 14ft garage doors, and private bathrooms.
    • 100% occupancy with two tenants paying $1300/month each on month‑to‑month leases.
    • 7.80% cap rate and $109.77 price per square foot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Billings
    County
    Yellowstone
    State
    Montana
    Longitude
    -108.5908853
    Latitude
    45.7888857

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    FAQs

    What type of property is this?
    Specialty property - Brand-new, multi-tenant commercial shop, ideal investment.
    Where is this specialty property located?
    The property is located at 6935 Corvette Ave Billings, MT.
    What is the asking price?
    The asking price for this property is $389,900.
    What are key features of this property?
    This property features: $389,900 asking price for this mixed-use commercial land.; 0.184-acre lot with a 3,600 square foot building in Billings, MT.; Two 30x60ft units, each with 16ft ceilings, 14ft garage doors, and private bathrooms.
    Request Owner's contact information
    6935 Corvette Ave Billings, MT 59102
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    Billings, MT 59102
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    Realmo Value Estimation

    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.

    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.

    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
    6935 Corvette Ave Billings, MT 59102
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