3724 1st S Ave Billings, MT 59101-3601
This 1,792-square-foot flex space, located at 3724 1st Ave S in Billings, Montana, presents a compelling owner-user opportunity. Priced at $298,000 ($166.29/sq ft), this vacant property offers a blend of office and warehouse space ideal for various businesses. The single-story, Class B building, constructed in 1950, sits on an 8,750-square-foot lot and is zoned CMU1-Corridor Mixed Use 1. Features include a newly installed steel roof (2023), two bays with 10'x10' overhead doors, floor drains in the warehouse area, washer/dryer hookups, and a new shop heater (2020). The interior boasts a welcoming reception/lobby area, two private offices, and two restrooms (non-ADA compliant). Ceiling heights vary, with 8 feet in the office and 12 feet in the warehouse. The property also benefits from a partially fenced yard and excellent visibility, providing ample outdoor space and convenient ingress/egress. The updated exterior features stucco and brick. This property is perfect for a small automotive shop, detailing business, or similar operation. The property's APN is A08809.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
R-60 · Billings, MTBillings. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.