Technical
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Property profile

0 Green Valley Dr Billings, MT 59102

OFF-MARKET
Office Spaces
4.09 ac lot
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Property summary

AI-generated overview

This exceptional 4.089-acre commercial lot, located on Green Valley Dr in Billings, Montana (zip code 59102), presents a remarkable development opportunity. Currently zoned NX1/P1 (Block 1), with pending CMU1 zoning anticipated for Lot 2 by Fall 2023, this property offers significant potential. The final plat is pending, with an estimated completion date of February 2023. Situated within a dynamic area, this lot benefits from its proximity to ongoing multi-family development projects (Block 2). Utilities are conveniently located on-site and stubbed in, simplifying infrastructure integration. Priced at $14 per square foot, the total asking price for this property is $2,493,636. This represents a compelling investment in a thriving Montana market. The property is part of a larger development (Block 3) encompassing four commercial lots (Lots 1-4), with Lot 4 currently designated as NO zoning. This prime location and the potential for future development make this an attractive opportunity for discerning investors. Detailed site maps are available upon request.

Property profile

Verified
Property type Office Spaces
Lot 4.09 ac (178,117 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Green Valley Dr Billings, MT 59102
Billings metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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