Current Use by Public Records
- Warehouses
Property Details for 3220 Pureview Ln
- Year built
- 2023
- Lot size
- 1.80 lot acres
- Property type
- Warehouses
- Property subtype
- Live-work space
Description
This exceptional 3,000-square-foot Class A flex space, located at 3220 Pureview Lane, Unit A4 in Billings, Montana, presents a unique investment opportunity. Built in 2023, this property boasts a 100% occupancy rate with a current lease expiring November 30, 2025, offering a one-year remaining lease term. The property features a combined live/work space, ideal for owner-occupancy or continued rental income. The industrial-zoned building includes 1,500 square feet of finished living space, complete with two bedrooms (each with walk-in closets), a full bathroom with a tub, and a second bathroom with a utility sink. The kitchen is equipped with high-end appliances and under-cabinet lighting. The remaining 1,500 square feet comprises a warehouse space perfect for business or hobby use. This area features sealed concrete floors with radiant heat, two 14' x 14' overhead doors with pull-through capability, and access to a shared private storage yard with a gate. The property sits on a 1.8-acre lot, outside city limits, and offers a 7.62% cap rate with a net operating income (NOI) of $39,600. The asking price is $520,000, translating to $178 per square foot. The property is zoned for outside city limits and has a gross lease type. All utilities are included in the lease. This is a single-unit, two-story building with a 9-foot ceiling height. The APN is C18666D.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Billings
- County
- Yellowstone
- State
- Montana
- Longitude
- -108.668
- Latitude
- 45.7107
