0 Green Valley Dr Billings, MT 59102
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.