Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3220 Pureview Ln Billings, MT 59106
    Back to Search
    Property profile & analytics

    3220 Pureview Ln, Billings, MT 59106

    View on Map
    • Mixed-use properties
    • 3,000 SF
    • 1.80 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mixed-use properties

    Property Details for 3220 Pureview Ln

    Year built
    2023
    Lot size
    1.80 lot acres
    Property type
    Mixed-use properties
    Property subtype
    Live-work space

    Description

    This exceptional 3,000 square foot Class A flex space, built in 2023, presents a unique live/work opportunity in Billings, Montana. Located at 3220 Pureview Ln, Unit B1, this vacant property sits on a 1.8-acre lot outside city limits and features a two-story building with a permitted zoning designation. The asking price is $520,000. The industrial space boasts 1,500 square feet of shop space, complete with radiant heat and sealed concrete floors. Two 14' x 14' overhead doors allow for convenient pull-through access. The 1,500 square foot finished living space offers a comfortable and modern living experience, including two bedrooms each with walk-in closets, a full bathroom with a tub, and an additional bathroom with a utility sink. A full kitchen is equipped with high-end appliances and under-counter lighting. A shared private storage yard with a gate adds to the property's functionality. The building features a 9-foot ceiling height. The property's APN is C18666E and is located in Yellowstone County, Montana, zip code 59106. This property offers a rare combination of modern living and versatile commercial space, ideal for a variety of uses.

    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
    -108.668
    Latitude
    45.7107

    Comparable in this City

    • Value Estimation by Request
      1,500 SF

      707 Black Hawk St

      Distribution properties
      707 Black Hawk St, Billings, MT 59106
      View Details
    • Value Estimation by Request
      10,000 SF

      3220 Billings Mt

      Distribution properties
      3220 Billings Mt, Billings, MT 59106
      View Details
    • Value Estimation by Request
      2,784 SF

      5872 Danford Rd

      Live-work space
      5872 Danford Rd, Billings, MT 59106
      View Details
    • Value Estimation by Request
      3,000 SF

      3220 Pureview Ln

      Live-work space
      3220 Pureview Ln, Billings, MT 59106
      View Details
    • Value Estimation by Request
      1,152 SF

      125 80Th St

      Individual retail properties
      125 80Th St, Billings, MT 59106
      View Details
    • Value Estimation by Request

      852 Toy Storage St

      Self storage facilities
      852 Toy Storage St, Billings, MT 59106
      View Details

    Similar Nearby for Sale

    • $520,000
      3,000 SF

      Pureview Lane Live/Work Condo

      Billings, MT flex space investment.
      3220 Pureview Ln, Billings, MT 59106
      View Details
    • $535,000

      Versatile Warehouse with Expansion Potential

      3,408 SF warehouse with high ceilings, ample parking, storage lot.
      8322 N Workshop Ave, Billings, MT 59106
      View Details
    • Contact for pricing
      3,408 SF

      Billings Flex Space For Sale

      3,408 SF flex space building in thriving Billings area.
      8322 N Workshop Ave, Billings, MT 59106
      View Details
    • Contact for pricing

      Engineered Steel Frame Flex Space

      Divisible flex space units in a gated community.
      80th 80Th St W, Billings, MT 59106
      View Details
    • Contact for pricing
      3,456 SF

      Shop World Flex Space For Sale

      3,456 SF flex space in Shop World, Billings, MT.
      901 E Man Cave St, Billings, MT 59106
      View Details
    • Contact for pricing
      3,456 SF

      Flex Space/Industrial Units For Sale

      Three flex/industrial units available for sale.
      844 E Toy Storage St, Billings, MT 59106
      View Details

    Similar Nearby for Lease

    • $1,950 /Mo

      Warehouse Condo with Office Space

      2,375 SF warehouse condo with office mezzanine for lease.
      706 Black Hawk St, Billings, MT 59106
      View Details
    • Contact for pricing

      West End Shop Space Available

      Gated shop community on Billings’ desirable West End.
      944 East Toy Storage St, Billings, MT 59106
      View Details
    • Contact for pricing
      1,800 SF

      New Construction Shop and Office

      New construction shop and office space available for rent.
      703 Black Hawk St, Billings, MT 59106
      View Details
    • Contact for pricing

      Heated Shop Space Available

      Industrial shop space with security features and concrete driveway.
      717 Black Hawk St, Billings, MT 59106
      View Details
    • Contact for pricing

      Shop World Condos Flex Space

      Flex space units with garage door and modern amenities.
      8122 Stillwater Dr, Billings, MT 59106
      View Details
    • Contact for pricing

      Flex Space with Fenced Area

      3050 SF flex space with office and fenced area.
      3221 Pureview Ln, Billings, MT 59106
      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.
    3220 Pureview Ln
    Billings, MT 59106
    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
    3220 Pureview Ln, Billings, MT, 59106
    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!