Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2637 Belknap Ave Billings, MT 59101
    Back to Search
    Property profile & analytics

    2637 Belknap Ave, Billings, MT 59101

    View on Map
    • Warehouses
    • 8,640 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • U-Haul Neighborhood Dealer / Car Rental Facility
    • Mo's Autocare / Auto Repair Shop / Vehicle Inspection Center
    • Intoxalock Ignition Interlock / Building Supply / General Contractor

    Property Details for 2637 Belknap Ave

    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This Yellowstone County industrial property at 2637 Belknap Ave offers 8,640 square feet of warehouse and distribution space across multiple units. Currently, one 2,880 square foot unit is available. The property sits on a 6.96-acre lot and is zoned I1-Light Industrial (APN: D01213). Building features include overhead doors for efficient loading and unloading, a secure fenced yard providing 16,000 square feet of shared space, and individual unit amenities such as a private office and bathroom. Unit B, for example, boasts two 12' x 12' drive-thru overhead doors. This property is ideal for businesses requiring both warehouse storage and office space, benefiting from the combination of ample storage, secure outdoor space, and convenient on-site office areas. The property's location in Yellowstone County offers easy access to major transportation routes, making it a strategic choice for distribution and logistics operations. The multiple tenancy structure provides flexibility for businesses of varying sizes.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Billings
    County
    Yellowstone
    State
    Montana
    Longitude
    -108.489
    Latitude
    45.7703

    Comparable in this City

    • Value Estimation by Request
      3,125 SF

      9442 Sanctuary Ests Dr

      Distribution properties
      9442 Sanctuary Ests Dr, Billings, MT 59101
      View Details
    • Value Estimation by Request
      3,125 SF

      9442 Sanctuary Ests Dr

      Distribution properties
      9442 Sanctuary Ests Dr, Billings, MT 59101
      View Details
    • Value Estimation by Request
      3,125 SF

      9442 Sanctuary Ests Dr

      Distribution properties
      9442 Sanctuary Ests Dr, Billings, MT 59101
      View Details
    • Value Estimation by Request
      3,125 SF

      9442 Sanctuary Ests Dr

      Distribution properties
      9442 Sanctuary Ests Dr, Billings, MT 59101
      View Details
    • Value Estimation by Request
      3,200 SF

      423 25Th St

      Distribution properties
      423 25Th St, Billings, MT 59101
      View Details
    • Value Estimation by Request
      11,760 SF

      2760 Old Hardin Rd

      Manufacturing properties
      2760 Old Hardin Rd, Billings, MT 59101
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,400 SF

      Heated Warehouse Unit For Sale

      Heated warehouse unit in southwest Billings, available for immediate occupancy.
      5825 Titan Ave, Billings, MT 59101
      View Details
    • $2,100,000

      Shop/Warehouse Property For Sale

      21,932 SF shop/warehouse on 5.08 acres near I-90.
      831 Cerise Rd, Billings, MT 59101
      View Details
    • $655,000

      Mixed-Use Office/Warehouse Facility in Billings

      8,261 SF mixed-use property with office and warehouse space.
      4015 1St Ave South, Billings, MT 59101
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Distribution Site For Rent

      Rail-served industrial site with fenced yard and warehouse space.
      1300 6Th Ave North, Billings, MT 59101
      View Details
    • Contact for pricing
      76,900 SF

      Warehouse Space with Ample Parking

      Two buildings totaling ±295,400 SF on ±23 acres.
      3226 S Frontage Rd, Billings, MT 59101
      View Details
    • Contact for pricing

      Spacious Two-Level Dry Storage Warehouse

      Two-level warehouse with private office and updated bathroom for lease.
      418 N 14Th St, Billings, MT 59101
      View Details
    • Contact for pricing
      24,000 SF

      Industrial Warehouse Space Available

      24,000 SF warehouse space for lease in Billings.
      1535 Industrial Ave, Billings, MT 59101
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2637 Belknap Ave
    Billings, MT 59101
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2637 Belknap Ave, Billings, MT, 59101
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!