9442 Sanctuary Estates #2, Billings, MT 59101

Building Details

Year Built 2023 More

Listing Agency: Engel & Voelkers

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

Source: Clearwaterproperties

Added: Sep 18 Changed: Nov 12 Last Checked: Nov 12 at 6:44AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Engel & Voelkers

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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.

This 2023 warehouse offers 3,125 square feet in a new-construction format suited to an owner-user or investment holding. The fully insulated building includes two 14' x 14' overhead doors, a GFA heater, and a private ADA bathroom. A common parking lot serves the property.

Located at 9442 Sanctuary Estates #2 in Billings, the property sits between Billings and Laurel with access to both communities. The HOA covers property insurance, water, sewer, garbage, snow removal, landscaping, and management, providing a broad package of ongoing property services.

Key Highlights

• 3,125‑square‑foot warehouse completed in 2023
• Two 14' x 14' overhead doors
• Fully insulated building with GFA heater

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$24,399

Cap Rate

5.78%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$487,980 $488.0K

Cap Rate 7%

$348,557 $348.6K

Cap Rate 9%

$271,100 $271.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,125 SF

Gross rent

$41.3K $13.20/SF

− Vacancy

−$3.7K −$1.19/SF

EGI

$37.5K $12.01/SF

− OpEx

−$13.1K −$4.20/SF

NOI

$24.4K $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%

$487,980

Cap Rate 7%

$348,557

Cap Rate 9%

$271,100

Alternative Uses

Best Use

Flex RnD

$348.6K

$305.0K – $406.7K (±1% cap)

NOI $24,399 @ 7.0% cap · market cap 5.78%

Second Best

Warehouse

$291.7K

$255.2K – $340.3K (±1% cap)

NOI $20,416 @ 7.0% cap · market cap 4.84%

Theoretical Best

Office A

$681.9K

$596.6K – $795.5K (±1% cap)

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

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

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Auto Repair Shop (Bike/Boat/Book/etc) Store HVAC Service Computer & Electronic Repair Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

30

Businesses Nearby

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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Frequently Asked Questions

What type of property is this?

Warehouse - Insulated warehouse with two overhead doors, an ADA bathroom, and an on-site heating system.

Where is this warehouse located?

The property is located at 9442 Sanctuary Estates #2 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‑foot warehouse completed in 2023; Two 14' x 14' overhead doors; Fully insulated building with GFA heater