Warehouse with Overhead
9442 Sanctuary Estates #3 Drive, Billings, MT 59101
For Sale
$421,875
CommercialSale, Billings, MT
Property Size3,125 SF
Price / SF$135
Days on Market60
Property Features for 9442 Sanctuary Estates #3 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
overhead doors
fully insulated
GFA heater
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 28
Last Checked: Nov 14 at 12:06AM
MLS# 361935
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.
Built in 2023, this 3,125-square-foot warehouse has two 14' x 14' overhead doors, full insulation, and a private ADA bathroom. Heating is provided by a forced-air natural gas system. Metal siding and a metal roof complete the building envelope.
The property uses well water and a septic system. HOA services include property insurance, water, sewer, garbage collection, snow removal, landscaping, and management.
The property uses well water and a septic system. HOA services include property insurance, water, sewer, garbage collection, snow removal, landscaping, and management.
Key Highlights
- 3,125 square feet of warehouse space
- Two 14' x 14' overhead doors
- Built in 2023 with full insulation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,416
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$408,320
$408.3K
Cap Rate 7%
$291,657
$291.7K
Cap Rate 9%
$226,844
$226.8K
Market Conditions
NOI Build-Up for 3,125 SF
Gross rent
$26.3K $8.40/SF
− Vacancy
−$2.2K −$0.71/SF
EGI
$24.0K $7.69/SF
− OpEx
−$3.6K −$1.15/SF
NOI
$20.4K $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%
$408,320
Cap Rate 7%
$291,657
Cap Rate 9%
$226,844
Alternative Uses
Best Use
Warehouse
$291.7K
$255.2K – $340.3K
NOI $20,416 @ 7.0% cap · market cap 4.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$681.9K
$596.6K – $795.5K
NOI $47,730 @ 7.0% cap · market cap 11.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
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
- Urban Lifestyle 10, LLC / All-West Mini Storage — 9026 Kautzman Rd # 27, Billings, MT 59101
- All-West Mini Storage at Duck Creek Mobile Home Park — 9026 Kautzman Rd # 27, Billings, MT 59101
- 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 - The insulated building has forced-air natural gas heat and a private ADA bathroom.
Where is this warehouse located?
The property is located at 9442 Sanctuary Estates #3 Drive Billings, MT.
What is the asking price?
The asking price for this property is $421,875.
What are key features of this property?
This property features: 3,125 square feet of warehouse space; Two 14' x 14' overhead doors; Built in 2023 with full insulation
