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    12 Billings Mt Billings, MT 59106

    • Warehouses
    • 1.50 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 12 Billings Mt

    Year built
    2023
    Lot size
    1.50 lot acres
    Property type
    Warehouses
    Property subtype
    Refrigerated & Cold Storages

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Billings
    County
    Yellowstone
    State
    Montana
    Longitude
    -108.744
    Latitude
    45.7696

    Comparable in this City

    • Value Estimation by Request
      9,600 SF

      89Th St

      Refrigerated & Cold Storages • 9,600 SF
      0 89Th St, Billings, MT 59106
      View Details
    • Value Estimation by Request
      9,600 SF

      12 Billings Mt

      Refrigerated & Cold Storages • 9,600 SF
      12 Billings Mt, Billings, MT 59106
      View Details
    • Value Estimation by Request
      100,000 SF

      5523 Abby Rd

      Flex space • 100,000 SF
      5523 Abby Rd, Billings, MT 59106
      View Details
    • Value Estimation by Request
      9,600 SF

      Billings Mt

      Distribution properties • 9,600 SF
      0 Billings Mt, Molt, MT 59106
      View Details
    • Value Estimation by Request
      9,740 SF

      Abby Rd

      Distribution properties • 9,740 SF
      0 Abby Rd, Billings, MT 59106
      View Details
    • Value Estimation by Request
      16,800 SF

      6508 Wagon Trl

      Distribution properties • 16,800 SF
      6508 Wagon Trl, Billings, MT 59106
      View Details

    Similar Nearby for Sale

    • $2,600,000
      16,800 SF

      Billings Industrial Portfolio

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      6508 Wagon Trl, Billings, MT 59106
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    • $1,250,000
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      Billings Industrial Shops - Build to Suit

      High-end shops, unrestricted use, prime location.
      8816 Royce Lee Ln, Billings, MT 59106
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    • $1,045,000
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      Shop World Portfolio: Billings, MT

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    • Contact for pricing
      1,152 SF

      Billings Industrial Condos for Sale

      Class A warehouse/distribution units, Montana.
      0 80Th St, Billings, MT 59106
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    • $126,720
      1,152 SF

      Billings Industrial Units - 3 Available

      Three Industrial Units, Billings, MT - Investment Opportunity
      844 Toy Storage St, Billings, MT 59106
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    • $520,000
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      Pureview Lane Live/Work Condo

      Billings, MT flex space investment.
      3220 Pureview Ln, Billings, MT 59106
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    Similar Nearby for Lease

    • $7 SF/Yr
      2,304 SF

      Modern Flex Space Available

      New 2023 Construction, 2,304 SF Flex Space
      8122 Stillwater Dr, Billings, MT 59106
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    • $120 SF/Yr
      9,740 SF

      Abby Road Warehouse Space

      9,740 SF Industrial Space for Lease
      0 Abby Rd, Billings, MT 59106
      View Details
    • $10 SF/Yr
      6,295 SF

      Prime Yellowstone County Industrial Space

      Modern flex warehouse; two suites available.
      707 Wagon Trl, Billings, MT 59106
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    • $11 SF/Yr
      10,144 SF

      Billings Warehouse: 1,500-5,072 SF

      Modern Billings warehouse space available. Ideal for small businesses.
      0 Wagon Trl, Billings, MT 59106
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    • $13 SF/Yr
      9,600 SF

      Billings Warehouse with I-90 Visibility

      9,600 SF warehouse with dock-high access and I-90 visibility.
      4290 Neibauer Rd, Billings, MT 59106
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    • $13 SF/Yr
      2,844 SF

      Billings Flex Space For Rent

      2,784 SF flex space with shop and office areas.
      3220 Pureview Ln, Billings, MT 59106
      View Details
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    Billings, MT 59106
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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
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