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    OFF-MARKET
    Office buildings

    5214 Laurel Rd, Billings, MT 59101-4613

    5,292 SF 0.34 ac lot Built 1950
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US52-0096698
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Natural Elements Montana General Contractor Construction Company
    • Ferho General Contractor
    • Honcoop Industries Industrial Manufacturer Production Facility
    • CPI Accounting Firm Tax Preparation
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    by Request
    Owner & transaction history
    5214 Laurel LLC · 1 yrs held
    5214 Laurel LLC
    since 2024
    7 recorded transactions
    2024
    2024
    2022
    2020
    2014
    2006
    2005
    Zoning & alternative use
    CC · Billings, MT
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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