5214 Laurel Rd, Billings, MT 59101-4613
This exceptional investment opportunity presents a 5,292 square foot, single-tenant, vacant office building located at 5214 Laurel Rd, Billings, Montana, 59101. The property, built in 1950 and renovated in 2006, is a Class B building situated on a 14,820 square foot lot (APN: A14929) and zoned CMU2-Corridor Mixed Use 2. The asking price is $699,000, translating to $132.09 per square foot. Significant recent improvements enhance security and efficiency. These include a newly installed 45-foot Rohn RSL Tower (engineered drawings available), a 6-foot chain link fence, and seven 7-foot steel bollards protecting the tower and building. Interior upgrades completed in 2023 encompass repainting, LED lighting conversion, and replacement of fire exits and emergency lighting. HVAC units were refurbished in 2022. A robust security system features Avigilon Alta (Openpath) access control on all exterior doors and comprehensive interior and exterior camera coverage. This property offers a strong foundation for a variety of office uses and benefits from its convenient location with excellent access to downtown Billings, West Billings, and Interstate 90. The lease type is NNN.
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Natural Elements Montana General Contractor Construction Company
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Ferho General Contractor
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Honcoop Industries Industrial Manufacturer Production Facility
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CPI Accounting Firm Tax Preparation
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
CC · 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.