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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6005 Grand Ave Billings, MT 59106

    • Commercial real estate
    • 9.34 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US52-0109204
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 6005 Grand Ave

    Lot size
    9.34 lot acres
    Property type
    Commercial real estate

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Billings
    County
    Yellowstone
    State
    Montana
    Longitude
    -108.66880713889
    Latitude
    45.784036975458

    Comparable in this City

    • $816,459
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      Montana Land: 137 Acres, Mixed Use

      Prime West End acreage, development potential.
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    • $995,000
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      Turn-Key Cannabis Cultivation Facility

      5,505 SF building suitable for cannabis cultivation or light industrial.
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    • $349,500
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      Billings Land with Seasonal Creek

      10-acre parcel near Billings, MT, with seasonal creek.
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    • $685,999
      137.22 Acres

      Billings, MT Land Opportunity

      137.22 acres near town, suitable for building or development.
      151 Homewood Park Dr, Billings, MT 59106
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    • $684,000

      Billings Land with Rims Views

      18.4-acre parcel near West End with development potential.
      7105 Grand Ave, Billings, MT 59106
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    • Contact for pricing

      Mixed-Use Development in Billings, MT

      Premier mixed-use development with retail, office, and residential opportunities.
      62nd And Rimrock Rd, Billings, MT 59106
      View Details

    Similar Nearby for Sale

    • $816,459
      137.22 Acres

      Montana Land: 137 Acres, Mixed Use

      Prime West End acreage, development potential.
      151 Homewood Park Dr, Billings, MT 59106
      View Details
    • $995,000
      5,505 SF

      Turn-Key Cannabis Cultivation Facility

      5,505 SF building suitable for cannabis cultivation or light industrial.
      7800 Shorey Rd, Billings, MT 59106
      View Details
    • $685,999
      137.22 Acres

      Billings, MT Land Opportunity

      137.22 acres near town, suitable for building or development.
      151 Homewood Park Dr, Billings, MT 59106
      View Details
    • $349,500
      10.00 Acres

      Billings Land with Seasonal Creek

      10-acre parcel near Billings, MT, with seasonal creek.
      4700 Alkali Creek Rd, Billings, MT 59106
      View Details
    • $684,000

      Billings Land with Rims Views

      18.4-acre parcel near West End with development potential.
      7105 Grand Ave, Billings, MT 59106
      View Details
    • Contact for pricing

      Mixed-Use Development in Billings, MT

      Premier mixed-use development with retail, office, and residential opportunities.
      62nd And Rimrock Rd, Billings, MT 59106
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr

      Shiloh Road Executive Office Suite

      695 sq ft Office Space for Lease in Billings, MT
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    • $11 SF/Yr
      10,144 SF

      Billings Warehouse: 1,500-5,072 SF

      Modern Billings warehouse space available. Ideal for small businesses.
      0 Wagon Trl, Billings, MT 59106
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    • $7 SF/Yr
      2,304 SF

      Modern Flex Space Available

      New 2023 Construction, 2,304 SF Flex Space
      8122 Stillwater Dr, Billings, MT 59106
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    • $10 SF/Yr
      6,295 SF

      Prime Yellowstone County Industrial Space

      Modern flex warehouse; two suites available.
      707 Wagon Trl, Billings, MT 59106
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    • $8 SF/Yr
      2,400 SF

      Warehouse Condo with Fenced Yard

      2,400 SF warehouse condo with office, shop, and yard.
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    • $24 SF/Yr
      1,109 SF

      Prime Billings Retail Storefront

      1,109 SF, Shiloh Road, High Traffic
      4010 Montana Sapphire Dr, Billings, MT 59106
      View Details
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    6005 Grand Ave
    Billings, MT 59106
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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