Technical
Financial
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Property profile

0 Avenue Billings, MT 59102

OFF-MARKET
Office Spaces
1.96 ac lot
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Property summary

AI-generated overview

This exceptional 1.96-acre commercial lot, situated on a high-traffic Billings street (Avenue E, 59102), presents a unique development opportunity. Currently designated as Lot 1 within a larger parcel (APN A36264), this property is priced at $1,280,664, reflecting a land value of $15 per square foot. The lot is part of a planned development with pending final platting expected to be completed in Fall 2023. Neighborhood Office zoning is pending for this specific lot. Utilities are conveniently located on-site and stubbed in, simplifying the development process. The property's strategic location within a dynamic area, coupled with its size and pending zoning, makes it ideal for a variety of commercial ventures. Nearby developments include an ongoing multi-family project, indicating a thriving and expanding neighborhood. This is an exceptional opportunity to acquire a well-positioned commercial lot in a rapidly growing area of Billings, Montana. Serious inquiries are encouraged.

Property profile

Verified
Property type Office Spaces
Lot 1.96 ac (85,378 SF)

Cap rate & NOI

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

Location

Avenue Billings, MT 59102
Billings metro
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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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