6935 Corvette Ave Billings, MT 59102
This exceptional 3,600 square foot commercial property, situated on a 0.184-acre lot in Billings, Montana (zip code 59102, 6935 Corvette Avenue), presents a compelling investment opportunity. Built in 2024, this mixed-use building features two 1800 sq ft units, each boasting a 16-foot ceiling, a 3-foot private man door, and a 14-foot garage door. The units are equipped for optimal functionality with electric power (including 220v), natural gas heat, floor drains, and running water supplied by a 2200-gallon cistern. Each unit also includes its own RV dump and bathroom. A shared 2200-gallon septic system with two drain fields serves both units. The property benefits from community loading docks (one dock shared), gated security, and mailboxes. Currently, both units are 100% occupied with month-to-month leases at $1300 per month each. The asking price is $389,900, representing a price per square foot of $109.77 and a 7.80% cap rate. The property is conveniently located between Billings and Laurel, easily accessible from King Avenue. The potential for a mezzanine addition exists. This property offers a strong return on investment with the potential for future growth.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.