Property profile

8040 Workshop Ave Billings, MT 59106

OFF-MARKET
Investment properties
0.25 ac lot Built 2020
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Property summary

AI-generated overview

This exceptional commercial property, located at 8040 S Workshop Ave in Billings, Montana, presents a unique opportunity for a variety of businesses. The property encompasses a substantial 0.25-acre lot and features a large, well-designed two-bay shop building. One bay measures 1,200 square feet, while the second bay offers a generous 2,400 square feet of space. Each bay boasts 14-foot-high doors, providing ample access for larger equipment and vehicles. The interior is equipped with a powerful 90,000 BTU heater to ensure comfortable working conditions year-round, and energy-efficient LED lighting is installed throughout. The property is situated within the well-maintained Shop World 1, benefiting from a homeowner's association that handles snow removal and road maintenance, ensuring easy accessibility regardless of weather conditions. Further enhancing the property's functionality are two conveniently located public restrooms and an exterior security camera system for added peace of mind. High-speed internet access is also available, crucial for modern business operations. The asking price for this versatile and well-equipped property is $415,000. Please note that residential use is strictly prohibited.

Property profile

Verified
Property type Investment properties
Year built 2020
Lot 0.25 ac (10,890 SF)

Cap rate & NOI

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

Location

8040 Workshop Ave Billings, MT 59106
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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