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    OFF-MARKET
    Warehouses

    8816 Royce Lee Ln, Billings, MT 59106

    9,600 SF 0.5 ac lot Built 2024
    Property ID
    Property summary
    AI-generated overview

    This exceptional build-to-suit opportunity presents four 2,400 sq ft industrial units totaling 9,600 sq ft on a half-acre lot in Billings, Montana. Located just five miles from the northwest Billings urban sprawl and near Laurel, this unzoned commercial property offers unparalleled flexibility. Each unit features 16-foot ceilings, private bathrooms, and plumbing, allowing for diverse uses including retail, storefront, and office space. The high-quality construction includes a 6-inch, 4,000 psi reinforced concrete slab, 14-foot overhead doors, and liner paneled interiors. Asphalt roads provide easy access, and three-phase power is available. Septic, propane, and cistern water systems are in place. Additional land is available for lease. The base price of $130 per square foot for a 60x160 shop is customizable, with options for different unit sizes. This is a rare opportunity to build your ideal commercial space in a thriving area with no zoning restrictions. A potential shared septic/drainfield SID or HOA may be established. Photos depict similar shops in the area.

    Property profile
    Verified
    Property type Warehouses
    Year built 2024
    Total area 9,600 SF
    Lot 0.5 ac (21,780 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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