Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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General Contractor Construction Company
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General Contractor
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Industrial Manufacturer Production Facility
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Accounting Firm Tax Preparation
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
CC · Billings, MTZoning
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Zoning designation
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The district profile from the municipal source: what is on file for CC in Billings, MT.
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