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    3218 Frontage Rd Billings, MT 59101

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    For Lease
    Contact for pricing

    Class A Distribution Facility, 295,400 SF

    Lot size:
    295,400 SF

    Property Features for 3218 Frontage Rd

    General Information

    Property type
    Refrigerated & Cold Storages
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    295,400 SF
    Class
    A
    Total Rate
    233858.33

    Spaces For Lease

    at 3218 Frontage Rd, Billings, MT 59101 Contact us
    Unit Building 200 - 2

    $9 /Mo

    Size
    43,200 SF
    Contact us
    Unit Building 100 - 5

    $10 /Mo

    Size
    43,800 SF
    Contact us
    Unit Building 200 - 3

    $9 /Mo

    Size
    175,400 SF
    Contact us
    Unit Building 200 - 1

    $9 /Mo

    Size
    55,300 SF
    Contact us
    Unit Building 100 - 4

    $9 /Mo

    Size
    21,200 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Matt Robertson
    Matt Robertson

    Listing Agency: NAI Business Properties Listing Agent: Matt Robertson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional Class A industrial property, located at 3218-3226 S. Frontage Road in Billings, Montana, offers a total of 295,400 square feet of versatile space. The property sits on a substantial 23-acre lot and features a 32-foot clear ceiling height, ideal for various industrial uses including manufacturing, distribution, refrigerated/cold storage, warehousing, and research & development. Currently, 175,400 square feet is available, divisible into units as small as 10,800 square feet, with a maximum contiguous space of 175,400 square feet. The property boasts excellent access to Interstates 90 and 94, providing seamless transportation logistics. Ample parking and a large truck court further enhance its operational efficiency. The building incorporates an Early Suppression Fast Response (ESFR) sprinkler system, ensuring a high level of fire protection. This multi-tenant property is situated in Yellowstone County, Montana, and offers a prime location for businesses seeking a modern, efficient, and strategically located industrial space. The property's zoning allows for retail and office uses in addition to the industrial uses listed. This is a rare opportunity to secure a significant footprint in a thriving Montana market. Contact us today to learn more about leasing options.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Thermal Supply, Inc. Big Box & Wholesale Store

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Kitchen & Bath Showroom Storage Facility HVAC Service Garden Center Furniture & Home Goods

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

    Location Insight

    • Map
    • Local Demand
    City
    Billings
    County
    Yellowstone
    State
    Montana
    Longitude
    -108.5024661
    Latitude
    45.7527032

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    FAQs

    What type of property is this?
    Refrigerated / Cold Storage - Class A Distribution Facility, 295,400 SF
    Where is this refrigerated / cold storage located?
    The property is located at 3218 Frontage Rd Billings, MT.
    What is the lease rate?
    The lease rate is $9-$10 SF/Yr.
    What are key features of this property?
    This property features: 295,400 SF Class A industrial building on a 23-acre lot in Billings, MT.; 175,400 SF available, divisible to 10,800 SF.; Concrete tilt-up construction with a 32' clear height.
    (406) 294-6308 Call to check price and availability
    Request Owner's contact information
    3218 Frontage Rd Billings, MT 59101
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    Billings, MT 59101
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    3218 Frontage Rd Billings, MT 59101
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Matt Robertson
    Matt Robertson
    Real Estate License ID: 14178
    (406) 294-6308 (406) 671-1158 (305) 447-7842
    Learn more
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