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    6508 Wagon Trl Billings, MT 59106

    Sponsored
    For Sale
    $2,600,000

    6-Unit Net Lease Investment, 4.5% Cap Rate

    Property size:
    16,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Billings, Montana investment opportunity comprises six industrial units totaling 16,800 square feet, situated on a 1.064-acre lot. The property features two single-story, 8,400 square foot buildings constructed in 2014 with pre-engineered steel construction. Each building boasts three 12x14 overhead doors, three man doors, and a 16-foot ceiling height. The property is zoned UNZ and offers excellent visibility and accessibility in a thriving commercial area. Currently operating as a multi-tenant net lease investment with a 4.5% cap rate and a net operating income (NOI) of $117,116, this portfolio presents a strong return on investment. The asking price is $2,600,000, or $433,333.33 per unit, and $154.76 per square foot. This versatile space is suitable for various commercial uses, ensuring long-term value and flexibility. The address is 6508 Wagon Trail E, Billings, MT 59106.

    Property Features for 6508 Wagon Trl

    General Information

    Property type
    Distribution properties
    Square Feet
    16,800 SF
    Class
    B
    Lot Size
    46,348 SF

    Building Details

    Year Built
    2014
    Buildings
    2
    Stories
    1
    Units
    6

    HighLights

    • High‑visibility Billings commercial properties in a thriving area with excellent accessibility.
    • 4.5% cap rate offering a strong ROI for investors.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Billings
    County
    Yellowstone
    State
    Montana
    Longitude
    -108.68433710456
    Latitude
    45.755151001436

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    FAQs

    What type of property is this?
    Distribution property - 6-Unit Net Lease Investment, 4.5% Cap Rate
    Where is this distribution property located?
    The property is located at 6508 Wagon Trl Billings, MT.
    What is the asking price?
    The asking price for this property is $2,600,000.
    What are key features of this property?
    This property features: High-visibility Billings commercial properties in a thriving area with excellent accessibility.; 4.5% cap rate offering a strong ROI for investors.;
    Request Owner's contact information
    6508 Wagon Trl Billings, MT 59106
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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
    6508 Wagon Trl Billings, MT 59106
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