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    Becraft Ln Billings, MT 59101

    Sponsored
    For Sale
    Contact for pricing

    Lockwood Mixed-Use Development Land - Retail & Multifamily

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional opportunity presents prime commercial land in Billings, Montana's thriving Lockwood area. The property, located on Becraft Lane, offers a range of lot sizes, from 0.68 to 11.48 acres, ideal for various retail developments. The land is zoned for mixed-use development, currently pending final approval. Four distinct retail pad sites are available, along with one larger site suitable for a retail anchor tenant. This development is strategically positioned adjacent to a planned multifamily project, ensuring a robust customer base and synergistic growth potential. The land value ranges from $3.50 to $5.50 per square foot, reflecting the exceptional location and development potential. This is a rare chance to secure a prominent position in a rapidly expanding area, offering significant returns for investors seeking a high-growth retail investment. The property's location in Lockwood provides easy access to major transportation routes and a growing residential population. The mixed-use nature of the development promises a vibrant and dynamic environment, attracting both businesses and residents. This is an unparalleled opportunity to capitalize on the burgeoning commercial real estate market in Billings, Montana. Contact us today to learn more about this exciting investment prospect and secure your place in this thriving community.

    Property Features for 0 Becraft Ln

    General Information

    Property type
    Individual retail properties
    Lot Size
    29,621 SF

    HighLights

    • New retail development opportunity in Billings, MT's Lockwood area.
    • Lots ranging from 0.68 to 11.48 acres available.
    • Land priced from $3.50 to $5.50 per square foot.
    • Adjacent to a planned multifamily development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Billings
    County
    Yellowstone
    State
    Montana
    Longitude
    -108.3982817
    Latitude
    45.8121413

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    FAQs

    What type of property is this?
    Individual retail property - Lockwood Mixed-Use Development Land - Retail & Multifamily
    Where is this individual retail property located?
    The property is located at Becraft Ln Billings, MT.
    What are key features of this property?
    This property features: New retail development opportunity in Billings, MT's Lockwood area.; Lots ranging from 0.68 to 11.48 acres available.; Land priced from $3.50 to $5.50 per square foot.
    (406) 294-6317
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    Becraft Ln Billings, MT 59101
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Becraft Ln Billings, MT 59101
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