Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1032 Bench Blvd Billings, MT 59105

    • Warehouses
    • 2,800 SF
    • 5.15 lot acres
    OFF-MARKET
    Last Sale
    Oct 20, 2020
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US52-0042846
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Aaa Heights Storage / Storage Facility

    Property Details for 1032 Bench Blvd

    Year built
    2012
    Construction
    WOOD
    Lot size
    5.15 lot acres
    Property size
    2,800 SF
    Zone code
    RMH
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    03-1033-22-4-13-09-0000
    APU
    3103322413090000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Billings
    County
    Yellowstone
    State
    Montana
    Longitude
    -108.468
    Latitude
    45.8176
    CBSA code
    13740
    CBSA name
    BILLINGS, MT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $34,807
    $0.00
    $0.00
    $2,785,800
    -
    $463,060
    $2,322,740
    $2,785,800

    Comparable in this City

    • Value Estimation by Request
      4,500 SF

      1125 Lk Elmo Dr

      MINI-WAREHOUSE, STORAGE • 4,500 SF
      1125 Lk Elmo Dr, Billings, MT 59105
      View Details
    • Value Estimation by Request
      8,203 SF

      5647 Chicago Cir

      MINI-WAREHOUSE, STORAGE • 8,203 SF
      5647 Chicago Cir, Billings, MT 59105-5060
      View Details
    • Value Estimation by Request
      8,730 SF

      19 Wicks Ln

      MINI-WAREHOUSE, STORAGE • 8,730 SF
      19 Wicks Ln, Billings, MT 59105-3865
      View Details
    • Value Estimation by Request
      1,600 SF

      1935 Main St

      MINI-WAREHOUSE, STORAGE • 1,600 SF
      1935 Main St, Billings, MT 59105
      View Details
    • Value Estimation by Request
      3,840 SF

      4020 Us Hwy 312

      MINI-WAREHOUSE, STORAGE • 3,840 SF
      4020 Us Hwy 312, Billings, MT 59105
      View Details
    • Value Estimation by Request
      1,800 SF

      540 Josephine Dr

      MINI-WAREHOUSE, STORAGE • 1,800 SF
      540 Josephine Dr, Billings, MT 59105-2455
      View Details

    Similar Nearby for Sale

    • $675,000
      32.55 Acres

      Billings Agricultural Land - 32 Acres

      Prime Montana acreage, near Billings. Ideal for development.
      2499 Lake Elmo Dr, Billings, MT 59105
      View Details
    • $95,000
      0.33 Acres

      Billings Heights Vacant Land

      Generous lot in desirable Billings Heights, ready for a new home.
      5 Greenbrair Rd, Billings, MT 59105
      View Details
    • $72,500
      0.55 Acres

      Residential Land Near Downtown Billings

      Residential land offers peaceful lifestyle near downtown Billings, Montana.
      B5 Big Cedar Way, Billings, MT 59105
      View Details
    • $80,000
      0.52 Acres

      Residential Land Near Downtown Billings

      Land for sale, close to downtown, with city utilities.
      B3 Bar 11 Dr, Billings, MT 59105
      View Details
    • $69,900
      0.33 Acres

      Residential Land in Billings, Montana

      Residential land in a great location, close to schools.
      Gleneagles Blvd, Billings, MT 59105
      View Details
    • $72,500
      0.55 Acres

      Residential Land Near Downtown Billings

      Residential land offers peaceful living close to downtown Billings, Montana.
      B5 Big Cedar Way, Billings, MT 59105
      View Details

    Similar Nearby for Lease

    • $3,750 /Mo
      2,100 SF

      Shop with Fenced Yard

      2,100 SF shop with 4-acre fenced yard for lease.
      4380 Us Highway 312, Billings, MT 59105
      View Details
    • $29 SF/Yr
      14,370 SF

      Prime Billings Office Space for Lease

      Modern Class A Office Building, 4 Suites Available
      502 Main St, Billings, MT 59105
      View Details
    • $580 /Mo
      480 SF

      480 SF Office For Lease $580/MO + Utilities

      480 SF Office For Lease $580/MO + Utilities
      848 Main St, Unit A5, Billings, MT 59105
      View Details
    • $12 SF/Yr
      2,151 SF

      Office Space in The Heights

      Office space for rent in a prime location.
      935 Lake Elmo Dr, Billings, MT 59105
      View Details
    • $1,185 /Mo
      918 SF

      918 SF Office For Lease $1,185/mo + Utilities

      918 SF Office For Lease $1,185/mo + Utilities
      848 Main St, Unit 11, Billings, MT 59105
      View Details
    • $1,400 /Mo
      1,200 SF

      Versatile Commercial Space For Rent

      Commercial space with open layout, kitchen, bathroom, and parking.
      620 Lake Elmo Dr, Billings, MT 59105
      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.
    1032 Bench Blvd
    Billings, MT 59105
    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

    Google sign-in failed. Please try again or use another login method.