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Property profile & analytics
FOR SALE
Outlet malls

2290 King Ave West Billings, MT 59102

141,636 SF 11.59 ac lot Built 1991
Entity Owned 9-yr Hold Absentee Owner
Property ID
US52-0070958
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Costco Wireless Telecommunications Service
  • Kyle L. Hibbert, OD Physician
  • LibertyX Bitcoin ATM Atm
  • Costco Tire Center (Bike/Boat/Book/etc) Store Auto Parts Store
  • Kurt Brockhausen Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Och-king Avenue LLC · 9 yrs held
Och-king Avenue LLC
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
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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