9442 Sanctuary Estates #3, 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 5:43AM

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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.

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Investment Insights

Based on property information with market context.

Built in 2023, this 3,125-square-foot warehouse offers a practical owner-user or investment configuration. The building is fully insulated and includes two 14' x 14' overhead doors, a GFA heater, and a private ADA bathroom. Common parking is provided in the property’s parking lot.

The property is located at 9442 Sanctuary Estates #3 in Billings, between Billings and Laurel, with access to both communities. HOA services include property insurance, water, sewer, garbage, snow removal, landscaping, and management.

Key Highlights

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

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

Is this asking price fair?

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 (±1% cap)

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 (±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

Warehouses

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 private ADA restroom, overhead loading access, and association-managed property services.

Where is this warehouse located?

The property is located at 9442 Sanctuary Estates #3 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 built in 2023; Two 14' x 14' overhead doors; Fully insulated with GFA heater