Property profile

5214 Laurel Rd Billings, MT 59101

OFF-MARKET
Office buildings
Property ID
US52-0096698
5,292 SF 0.34 ac lot Built 1950
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1950
Construction WOOD
Total area 5,292 SF
Lot 0.34 ac (14,810 SF)
Zoning code CC
APN 03-0927-08-3-10-20-0000
UPID US52-0096698

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • General Contractor Construction Company
  • General Contractor
  • Industrial Manufacturer Production Facility
  • Accounting Firm Tax Preparation

Location

5214 Laurel Rd Billings, MT 59101-4613
Billings metro Census 901 BILLINGS, MT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Blend (final) Blend
$425k

Owner & transaction history

since 2024
7 recorded transactions
2024
Price N/A
2024
Price N/A
2022
Price N/A
2020
Price N/A
2014
Price N/A
2006
Price N/A
2005
Price N/A

Zoning & alternative use

CC · Billings, MT

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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