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Property profile & analytics
OFF-MARKET
Warehouses

12 Billings Mt Billings, MT 59106

9,600 SF 1 ac lot Built 2023
Property ID
Property summary
AI-generated overview

This exceptional industrial property, located on Lipp Rd in Yellowstone County, offers a rare opportunity to lease a high-quality, newly constructed shop space. The 9,600 square foot building, constructed in 2023, sits on one acre of land and features a single-story design with 30+ parking spaces. The building boasts a robust infrastructure, including 14-foot doors, 16-foot walls, and 5-inch, 6000 psi concrete floors, making it ideal for a variety of manufacturing, distribution, or R&D uses. The property is zoned unzoned, offering flexibility for various business operations. The building is part of a new commercial subdivision with paved roads and separate meters for each unit. Three-phase power is available. The space is currently configured as four 60x40 units, but can be leased as a 60x80, 60x120, or the entire 60x160 space. Additional customization options are available to meet specific tenant needs. The property's location offers convenient access to Billings' west end and Laurel, with proximity to major thoroughfares and high-density residential areas. The absence of HOA restrictions and the high-quality construction of this building, along with comparable sales ranging from $500,000 to $2.2 million, make this a truly unique opportunity. Plumbing and private bathrooms are included in each unit. The property also includes extra land for parking and storage.

Property profile
Verified
Property type Warehouses
Year built 2023
Total area 9,600 SF
Lot 1 ac (43,560 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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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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