Insulated Warehouse with Overhead
9442 Sanctuary Estates #10 Drive, Billings, MT 59101
For Sale
$632,745
CommercialSale, Billings, MT
Property Size4,687 SF
Price / SF$135
Days on Market60
Property Features for 9442 Sanctuary Estates #10 Drive
General Information
Property type
Property subtype
Zoning description
Parking features
Subdivision
Standard status
APN
Size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Water source
Amenities
Pickleball courts
Private ADA bathroom
Building Details
Year built
Floors in Building
Building materials
Roof type
Listing Agency:
Engel & Voelkers
(406) 206-0192
Listed By:
Callen Kleinhenz · License MT RRE-RBS-LIC-127073
(406) 425-8147
Added: Sep 16
Changed: Oct 22
Last Checked: Nov 14 at 12:06AM
MLS# 361938
Copyright © 2026 Billings Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 4,687-square-foot warehouse was built in 2023 with metal siding and a metal roof. The interior is fully insulated and served by a natural-gas forced-air heating system. Three 14' x 14' overhead doors provide direct access to the building, which also has a private ADA bathroom.
The property includes two pickleball courts. Water is supplied by a well, and wastewater is handled by a septic tank. Parking is provided in a lot, while the HOA covers property insurance, water, sewer, garbage, snow removal, landscaping, and management.
The property includes two pickleball courts. Water is supplied by a well, and wastewater is handled by a septic tank. Parking is provided in a lot, while the HOA covers property insurance, water, sewer, garbage, snow removal, landscaping, and management.
Key Highlights
- 4,687‑square‑foot warehouse built in 2023
- Three 14' x 14' overhead doors
- Fully insulated; natural‑gas forced‑air heating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,621
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$612,420
$612.4K
Cap Rate 7%
$437,443
$437.4K
Cap Rate 9%
$340,233
$340.2K
Market Conditions
NOI Build-Up for 4,687 SF
Gross rent
$39.4K $8.40/SF
− Vacancy
−$3.3K −$0.71/SF
EGI
$36.0K $7.69/SF
− OpEx
−$5.4K −$1.15/SF
NOI
$30.6K $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%
$612,420
Cap Rate 7%
$437,443
Cap Rate 9%
$340,233
Alternative Uses
Best Use
Warehouse
$437.4K
$382.8K – $510.4K
NOI $30,621 @ 7.0% cap · market cap 4.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.02M
$894.8K – $1.19M
NOI $71,587 @ 7.0% cap · market cap 11.31%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
47
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 59101, MT
41,522
Population
18,864
Households
2.2
Avg Household Size
37
Median Age
22%
College-Educated
91%
High-School Grad
590.8 sq mi
ZIP Area
70
Density / Sq Mi
$58,165
Median Household Income
$36,258
Median Earnings
$930
Median Rent
$243,000
Median Home Value
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Market
Average Price Trend$/SF for Warehouses in Billings, MT
Properties on Market for Warehouses in Billings
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
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- Interstate Storage — 9440 S Frontage Rd, Billings, MT 59101
- Stagecoach Mini Storage & RV — 3450 Duck Creek Rd, Billings, MT 59101
Frequently Asked Questions
What type of property is this?
Warehouse - A 2023 metal-sided building includes a private ADA bathroom and shared property services through the HOA.
Where is this warehouse located?
The property is located at 9442 Sanctuary Estates #10 Drive Billings, MT.
What is the asking price?
The asking price for this property is $632,745.
What are key features of this property?
This property features: 4,687‑square‑foot warehouse built in 2023; Three 14' x 14' overhead doors; Fully insulated; natural‑gas forced‑air heating
