6005 Grand Ave, Billings, MT 59106
This exceptional 9.34-acre parcel presents a remarkable opportunity for residential development in Billings, Montana. Strategically located on Grand Avenue, this level lot boasts excellent visibility and accessibility, making it ideal for a variety of housing projects. The property is zoned RR3-Rural-Residential, offering flexibility for diverse housing types, from single-family homes to townhouses or a gated community. All essential utilities—water, sewer, electricity, and natural gas—are readily accessible. Beyond the practical advantages, the land offers breathtaking views of the surrounding Montana landscape. Its prime location provides convenient access to schools, parks, shopping centers, recreational facilities, Billings Logan International Airport, healthcare facilities, universities, and cultural attractions. The strong economic growth and high demand for housing in Billings make this a compelling investment opportunity for developers seeking to capitalize on the booming real estate market. This property offers the chance to create a thriving residential community in a desirable location, shaping the future of residential living in Billings. The asking price is $1,100,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.