235 Moore Ln C Billings, MT 59101
For Lease
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This exceptional investment opportunity presents a 17,377-square-foot flex space property located at 235 Moore Ln, Billings, Montana, 59101. The property, built in 1980, sits on a substantial 52,098-square-foot lot and boasts a prime midtown location with excellent visibility. Zoned CX-Heavy Commercial, this two-story building offers significant versatility. Features include four overhead doors, a fully fenced and secured back lot providing ample graveled storage space with drive-through access, and a separate exterior storage building of approximately 2,088 square feet. The front lot is paved and provides convenient access to 20 shared parking spaces. Currently operating at 100% occupancy, the property generates a net annual rent of $55,080, making it an attractive owner-user opportunity with immediate income potential. The asking price is $2,100,000, translating to $120.85 per square foot. This property is a rare find, combining a desirable location, substantial space, and strong income generation in a thriving Montana market. The lease type is NNN, and the tenancy is multi.
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Paul Davis Restoration of Yellowstone County, MT Hardware & Home Improvement Construction Company
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Western Health Screening Charitable Organization Social Service Agency
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Elcon Corporation Electrical Service General Contractor
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CI · Billings, MTBillings. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.