Technical
Financial
Distress signals
Property profile

2290 King Ave West Billings, MT 59102

FOR SALE
Outlet malls
Property ID
US52-0070958
141,636 SF 11.59 ac lot Built 1991
Entity Owned 9-yr Hold Absentee Owner
Saved · see the list in your Dashboard

Property summary

AI-generated overview

Exceptional investment opportunity: a 141,636 square foot former Costco Wholesale building in Billings, Montana, is available for $11,500,000. This vacant, single-story, free-standing building sits on an 11.59-acre lot with 541 surface parking spaces. Built in 1991 and renovated in 2008, the property boasts a prime location at the intersection of King Avenue West and 24th Street West, offering excellent visibility and accessibility. The building faces King Avenue West, which sees 30,075 average daily traffic, and backs onto Grant Road. The property is zoned CMU2-Corridor Mixed Use 2, allowing for diverse redevelopment possibilities. Its location in Billings, Montana's largest city, provides access to a substantial regional market, including the state's largest hospital and major distribution centers. The property includes full signal access directly in front of the building on King Avenue West. Legal description: Lot 1-A-1-A of Amended Lot 1-A, Hogan Homestead Sub. This is a rare chance to acquire a large, well-maintained retail space with significant potential in a thriving Montana market.

Property profile

Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1991
Construction STEEL FRAME
Total area 141,636 SF
Lot 11.59 ac (504,686 SF)
Zoning code HC
APN 03-0927-18-2-07-01-0000
UPID US52-0070958

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Telecommunications Service
  • Physician
  • Atm
  • (Bike/Boat/Book/etc) Store Auto Parts Store
  • Pharmacy

Location

2290 King Ave West Billings, MT 59102
Billings metro Census 1704 BILLINGS, MT METROPOLITAN STATISTICAL AREA
Google Maps

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

since 2017
6 recorded transactions
2018
Price N/A
2017
Price N/A
2017
Price N/A
2014
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

HC · Billings, MT

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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