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    OFF-MARKET
    Warehouses

    1626 Venture Cir, Billings, MT 59101-7330

    11,800 SF 3.1 ac lot Built 2013
    Entity Owned 18-yr Hold
    Property ID
    US52-0940690
    Property summary
    AI-generated overview

    This exceptional 9,800 square foot warehouse located at 1626 Venture Cir, Billings, MT 59101, presents a lucrative investment opportunity. Priced at $1,200,000 ($122.45/sq ft), the property boasts a fully leased status, generating immediate income. The warehouse features newer, fenced-in storage units, ensuring security and maximizing rental potential. Included on the expansive lot is a 1991 Mils Mobile home. The significant lot size offers considerable potential for expansion, allowing for the addition of numerous extra storage units to further increase revenue streams. Essential utilities are readily available on-site, including electricity, gas, septic, and a well. This property is situated in Yellowstone County, Montana, providing convenient access to major transportation routes and a thriving local market. The strong tenant occupancy and the potential for future development make this a highly desirable investment in the Billings industrial real estate market. This turnkey operation offers a solid return on investment with significant upside potential for growth. The property's location in Billings, Montana, offers a strategic advantage within a growing economy.

    Property profile
    Verified
    Property type Warehouses
    Use group MINI-WAREHOUSE, STORAGE
    Year built 2013
    Construction STEEL FRAME
    Total area 11,800 SF
    Lot 3.1 ac (135,036 SF)
    APN 03-1034-18-4-01-25-0000
    UPID US52-0940690
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Billings Asphalt General Contractor Construction Company
    • Intoxalock Ignition Interlock Building Supply General Contractor
    • HMJS Affordable Auto Repair Auto Repair Shop
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Lockwood Industrial Dev LLC · 18 yrs held
    Lockwood Industrial Dev LLC
    since 2008
    7 recorded transactions
    2013
    2012
    2010
    2008
    2007
    2006
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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