For Sale
$375,000

7618 Leopard AveBillings, MT 59106

Montana Flex Space Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 3,996 square foot industrial property located at 7618 N Leopard Ave, Units 4, 5, and 6, in Billings, Montana, 59106. The property consists of three separate bays, each approximately 24' x 54', totaling 3,996 square feet within a single building situated in a gated subdivision. Each of the three units is currently leased for $800 per month, generating a total annual income of $28,800. The property boasts desirable features including 16-foot ceilings, concrete floors, gas hanging heaters, 12' x 14' insulated garage doors, man doors, and LED lighting. Each bay is equipped with one 240V 40 AMP outlet and ten 110V outlets. The building is stick-built construction. The property offers a strong 6.27% capitalization rate with a net operating income (NOI) of $23,500. This is a gross lease, meaning tenants are responsible for gas and electric. This multi-tenant property presents a compelling investment opportunity in a desirable Billings location. The property is zoned for flex, manufacturing, and warehouse uses.

Highlights

  • 3,996 SF industrial property in Billings, MT.
  • Three separate 1,332 SF bays, each leased for $800/month.
  • Total annual income of $28,800, with a 6.27% cap rate and $23,500 NOI.
  • Features include 16' ceilings, concrete floors, gas heaters, 12'x14' insulated garage doors, and LED lighting.
  • Zoned for flex, manufacturing, and warehouse uses; gross lease (tenant pays utilities).

Property Details for 7618 Leopard Ave

Property type
Warehouses, Industrial properties
Square Feet
3,996 SF
Buildings
1
Units
3

Location Insight

City
Billings
County
Yellowstone
State
Montana
Latitude
45.760648
Longitude
-108.711144
7618 Leopard Ave, Billings, Montana

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
7618 Leopard Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message