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Property profile & analytics
FOR LEASE
Distribution centers

1629 King Ave W Billings, MT 59102

248,179 SF 24.59 ac lot Built 1979
Individually Owned 5-yr Hold Free & Clear
Property ID
US52-0056646
Property summary
AI-generated overview

This exceptional investment opportunity presents a substantial 252,715-square-foot distribution warehouse situated on a sprawling 24.592-acre lot in Billings, Montana. The property, located at 1629 King Ave W, features two buildings with a total of two stories, and is zoned for light industrial use. Built in 1979, the Class B facility boasts 28 loading docks and impressive ceiling heights ranging from 23 to 38 feet. The warehouse space is comprised of approximately 160,000 square feet of non-perishable storage, complemented by 60,000 square feet of cooler and freezer space, and over 20,000 square feet of office space, plus a shop area. The property includes extensive paved areas, exceeding 5.5 acres of asphalt and concrete, providing ample maneuvering space and potential for expansion. Furthermore, there are over 7 acres of additional land available for future development. The property is currently vacant, presenting a unique chance to customize the space to meet specific operational needs. The asking price is $14,300,000. The property's APN is D01367. This is a rare opportunity to acquire a large-scale distribution center with significant expansion potential in a prime Billings location.

Property profile
Verified
Property type Distribution centers
Use group DISTRIBUTION WAREHOUSE
Year built 1979
Construction WOOD
Total area 248,179 SF
Lot 24.59 ac (1,071,228 SF)
Zoning code CI
APN 03-0927-07-4-05-01-0000
UPID US52-0056646
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
  • Supervalu Grocery & Convenience Store Distribution Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Supervalu Wholesale Operations · 5 yrs held
Supervalu Wholesale Operations
since 2020
5 recorded transactions
2021
Price N/A
2020
Price N/A
2018
Price N/A
2017
Price N/A
2013
Price N/A
Zoning & alternative use
CI · Billings, MT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source code of ordinances
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