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    3908 1St Ave S Billings, MT 59101
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    3908 1St Ave S Billings, MT 59101

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    • Flex space
    • 3,727 SF
    For Sale
    $577,685
    View Listing →
    Versatile Commercial Property in Billings For Sale
    $577,685
    3,727 SF

    Versatile Commercial Property in Billings

    Adaptable 3,727 SF commercial space perfect for various business applications.

    3908 1st Ave S, Billings, MT 59101
    View Listing
    Property ID
    US52-0281176
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Anywhere Autocare / Auto Repair Shop / Vehicle Inspection Center
    • Montana Wake Co. / (Bike/Boat/Book/etc) Store
    • Bridge lite auto glass / Auto Repair Shop / (Bike/Boat/Book/etc) Store

    Property Details for 3908 1St Ave S

    Year built
    2019
    Property size
    3,727 SF
    Property type
    Flex space
    Property subtype
    Office Units

    Description

    Welcome to this versatile 3,727-square-foot commercial property in Billings, Montana, designed for various business applications. The main floor, spanning 3,250 square feet, features a spacious open layout with an office, a large warehouse, and two restrooms. This space offers a modern, industrial aesthetic, complete with durable polished concrete floors and corrugated metal wall panels. The high ceilings and well-lit interior, featuring LED lighting, create an ideal environment for warehousing, manufacturing, or large-scale retail operations. Easy loading and unloading are facilitated by large garage doors. Additionally, one of the two modern, ADA-compliant restrooms includes a shower, offering added convenience. Beyond the main floor, a 477-square-foot upper-level mezzanine provides flexible options for extra storage or office space. This area is equipped with climate control and laminate flooring, ensuring comfort and adaptability for your business needs. This property seamlessly blends industrial-chic design with a highly functional layout, presenting a prime opportunity for businesses seeking a modern and adaptable space in a convenient Billings location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Billings
    County
    Yellowstone
    State
    Montana
    Longitude
    -108.51704
    Latitude
    45.772503

    Comparable in this City

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      2,227 SF

      Shop House with Office, Apartment

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    • $694,300
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      Mixed-Use Office and Warehouse Facility

      8,261 SF mixed-use facility in Billings' industrial corridor.
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    • $199,900

      2147 Blue Creek Rd #9 Billings, MT 59101

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    • $655,000

      Mixed-Use Office/Warehouse Facility in Billings

      8,261 SF mixed-use property with office and warehouse space.
      4015 1St Ave South, Billings, MT 59101
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      Shop Building with Overhead Doors

      1,288 SF shop building with parking and office.
      2301 1St Ave N, Billings, MT 59101
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    Similar Nearby for Sale

    • $1,490,000
      10,560 SF

      Billings Light-Industrial Facility

      10,560 sq ft facility with warehouse, office, and yard.
      6830 Commercial Ave, Billings, MT 59101
      View Details
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      2,227 SF

      Shop House with Office, Apartment

      Well-built shop house with office, apartment, and fenced storage.
      3772 Cres Lk Unit 4 Rd, Billings, MT 59101
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    • $199,900

      2147 Blue Creek Rd #9 Billings, MT 59101

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      2147 Blue Creek Rd, Billings, MT 59101
      View Details
    • $694,300
      8,261 SF

      Mixed-Use Office and Warehouse Facility

      8,261 SF mixed-use facility in Billings' industrial corridor.
      4015 1St Ave South, Billings, MT 59101
      View Details
    • $655,000

      Mixed-Use Office/Warehouse Facility in Billings

      8,261 SF mixed-use property with office and warehouse space.
      4015 1St Ave South, Billings, MT 59101
      View Details
    • Contact for pricing

      Shop Building with Overhead Doors

      1,288 SF shop building with parking and office.
      2301 1St Ave N, Billings, MT 59101
      View Details

    Similar Nearby for Lease

    • $2,000 /Mo

      Office/Warehouse Space with Fenced Storage

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    • $8 SF/Yr

      Midtown Flex Space with Office

      Conveniently located flex space with shop and office areas.
      524 Moore Ln, Billings, MT 59101
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      Commercial property suitable for office and warehouse use in Billings.
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      Versatile Property with Warehouse Support

      High-visibility location with warehouse, retail, and office space.
      4825 Midland Rd, Billings, MT 59101
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    • $2,900 /Mo
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      Office/Warehouse Space Available for Sublease

      3,500 SF office/warehouse space with easy interstate access.
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    • $12 SF/Yr

      Versatile Space in Billings, MT

      3,000 SF space with 20' clear height and gated entry.
      6958 Commercial Ave, Billings, MT 59101
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    Billings, MT 59101
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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