Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    31st St Billings, MT 59102
    Property profile & analytics

    31st St Billings, MT 59102

    View on Map
    • Land
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 31st St

    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 30,796 square foot land parcel presents a prime commercial development opportunity in Billings, Montana's thriving business district. Located in the Gabel Road Commercial Center, Block 1, Lot 5 (APN A30258), this I1-Light Industrial zoned lot is priced at $513,266.67, or $16.67 per square foot. Its strategic location just north of the Shiloh Interchange on I-90 ensures high visibility and accessibility, with strong traffic counts and proximity to major transportation routes. The area boasts a mix of residential, industrial, entertainment, hotels, and professional businesses, including a newly built Costco. Utilities and fiber optic services are readily available. Thoughtfully designed building restrictions maintain a cohesive and aesthetically pleasing development. Billings' robust growth and high quality of life, including access to top-rated schools, modern shopping, and abundant outdoor recreation, make this a compelling investment. This property offers a solid foundation for a high-impact commercial development poised to thrive in Billings' expanding economy. The property is conveniently located on a main thoroughfare, providing excellent exposure and visibility.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Billings
    County
    Yellowstone
    State
    Montana
    Longitude
    -108.593
    Latitude
    45.7449

    Comparable in this City

    • Value Estimation by Request
      3.00 Acres

      Conrad Rd

      Land • 3.00 Acres
      0 Conrad Rd, Billings, MT 59102
      View Details
    • Value Estimation by Request

      1170 29Th St

      Flex space
      1170 29Th St, Billings, MT 59102
      View Details
    • Value Estimation by Request
      1.57 Acres

      1238 Transtech Way

      Land • 1.57 Acres
      1238 Transtech Way, Billings, MT 59102
      View Details
    • Value Estimation by Request
      2.16 Acres

      Transtech Way

      Land • 2.16 Acres
      0 Transtech Way, Billings, MT 59102
      View Details
    • Value Estimation by Request

      Tbd Gabel Rd

      Land
      0 Tbd Gabel Rd, Billings, MT 59102
      View Details
    • Value Estimation by Request
      1.18 Acres

      3417 Transtech Way

      Land • 1.18 Acres
      3417 Transtech Way, Billings, MT 59102
      View Details

    Similar Nearby for Sale

    • $831,052
      1.41 Acres

      Billings Commercial Land Parcel

      Prime 1.41-acre development site.
      0 Tbd Gabel Rd Billings Mt, Billings, MT 59102
      View Details
    • $265,970

      Billings Commercial Land Parcel

      Prime 18,238 SF development site.
      0 Transtech Way, Billings, MT 59102
      View Details
    • $1,959,291
      2.16 Acres

      Billings Industrial Land Parcel

      Prime 2.16-acre lot, ideal for business.
      0 Tbd Gabel Rd Billings Mt, Billings, MT 59102
      View Details
    • Contact for pricing

      Premier Billings Commercial Development Opportunity

      7.02-acre parcel in Billings Premier Business Industrial Park.
      3206 Conrad Rd, Billings, MT 59102
      View Details
    • Contact for pricing

      7.034 Acre Tract Available

      7.034 acre tract of land available for sale.
      1777 Majestic Ln, Billings, MT 59102
      View Details
    • $1,497,089

      Land For Sale Billings, MT

      Land available for purchase in Billings, Montana.
      Gabel Rd, Billings, MT 59102
      View Details

    Similar Nearby for Lease

    • $11 SF/Yr
      3,238 SF

      Billings Industrial Property for Rent

      Industrial space available for lease in Billings, Montana.
      3345 Conrad Rd, Billings, MT 59102
      View Details
    • $18 SF/Yr
      29,000 SF

      Prime Billings Office Space

      Class A Office, 9,963 SF Available
      2075 Overland Ave, Billings, MT 59102
      View Details
    • Contact for pricing
      2,485 SF

      Industrial Space Available For Lease

      Industrial property with 2,485 square feet available for rent.
      2747 Enterprise Ave, Billings, MT 59102
      View Details
    • $9 SF/Yr
      9,900 SF

      New Billings Flex Warehouse Space

      Newly constructed flex/industrial space in a prime Billings location.
      1486 South 30Th St West, Billings, MT 59102
      View Details
    • $1,600 /Mo
      6,000 SF

      Functional Warehouse with Loading Dock

      Warehouse with radiant heat, overhead doors, and loading dock.
      1180 S 29Th St W, Billings, MT 59102
      View Details
    • $9 SF/Yr
      9,900 SF

      New Billings Flex Warehouse Space

      Newly constructed flex/warehouse space in a prime Billings location.
      1482 South 30Th St West, Billings, MT 59102
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    31st St
    Billings, MT 59102
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    31st St, Billings, MT, 59102
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!