9442 Sanctuary Estates #10 Drive, Billings, MT 59101

Building Details

Year built 2023 More

Listing Agency: Engel & Volkers Billings · Engel & Völkers B***@engelvoelkers.com Show Phone

Listed By: Callen Kleinhenz · License MT RRE-RBS-LIC-127073

Added: Sep 17 Changed: Oct 23 Last Checked: Nov 14 at 12:06AM

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MLS# 361938

Copyright © 2026 Engel & Völkers. 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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Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

Built in 2023, this 4,687-square-foot warehouse in Billings has three overhead doors, each measuring 14' x 14'. The building is fully insulated and equipped with a general-force-air heater and a private ADA bathroom.

The property is part of an association that covers building insurance, water, sewer, garbage service, snow removal, landscaping, and management. Two pickleball courts are also on site.

Key Highlights

• 4,687 square feet of warehouse space
• Three 14' x 14' overhead doors
• Construction completed in 2023

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$36,595

Cap Rate

5.78%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$731,900 $731.9K

Cap Rate 7%

$522,786 $522.8K

Cap Rate 9%

$406,611 $406.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,687 SF

Gross rent

$61.9K $13.20/SF

− Vacancy

−$5.6K −$1.19/SF

EGI

$56.3K $12.01/SF

− OpEx

−$19.7K −$4.20/SF

NOI

$36.6K $7.81/SF

Area

Billings, MT

Vacancy

9.00%

Lease Rate

$13.20 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$731,900

Cap Rate 7%

$522,786

Cap Rate 9%

$406,611

Alternative Uses

Best Use

Flex RnD

$522.8K

$457.4K – $609.9K (±1% cap)

NOI $36,595 @ 7.0% cap · market cap 5.78%

Second Best

Warehouse

$437.4K

$382.8K – $510.4K (±1% cap)

NOI $30,621 @ 7.0% cap · market cap 4.84%

Theoretical Best

Office A

$1.02M

$894.8K – $1.19M (±1% cap)

NOI $71,587 @ 7.0% cap · market cap 11.31%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Flex space

Location Intelligence

Trade Area within ½ mile

47

Businesses Nearby

Well-served

Demand for This Use

Explore this area 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

Market

Average Price Trend$/SF for Warehouses in Billings, MT

$103 Jul

$105 Aug

$106 Sep

$106 Oct

Properties on Market for Warehouses in Billings

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

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Similar Off Market Nearby

• Urban Lifestyle 10, LLC / All-West Mini Storage — 9026 Kautzman Rd # 27, Billings, MT 59101
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Frequently Asked Questions

What type of property is this?

Warehouse - The newly constructed space includes a private ADA-compliant bathroom and a general-force-air heater.

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 feet of warehouse space; Three 14' x 14' overhead doors; Construction completed in 2023