7618 Leopard Ave Billings, MT 59106
- Warehouses
- 3,996 SF
Current Use by Public Records
- Warehouses
Property Details for 7618 Leopard Ave
- Property size
- 3,996 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional investment opportunity presents a 3,996 square foot industrial property located at 7618 N Leopard Ave, Units 4, 5, and 6, in Billings, Montana, 59106. The property consists of three separate bays, each approximately 24' x 54', totaling 3,996 square feet within a single building situated in a gated subdivision. Each of the three units is currently leased for $800 per month, generating a total annual income of $28,800. The property boasts desirable features including 16-foot ceilings, concrete floors, gas hanging heaters, 12' x 14' insulated garage doors, man doors, and LED lighting. Each bay is equipped with one 240V 40 AMP outlet and ten 110V outlets. The building is stick-built construction. The property offers a strong 6.27% capitalization rate with a net operating income (NOI) of $23,500. This is a gross lease, meaning tenants are responsible for gas and electric. This multi-tenant property presents a compelling investment opportunity in a desirable Billings location. The property is zoned for flex, manufacturing, and warehouse uses.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Billings
- County
- Yellowstone
- State
- Montana
- Longitude
- -108.711
- Latitude
- 45.7606
