3088 Gabel RdBillings, MT 59102

Property Details for 3088 Gabel Rd

Year built

1999

Construction

STEEL FRAME

Lot size

1.17 AC

Property size (Sq ft)

5,000 SF

Zone code

CI

Property type

Retail properties

Property subtype

Retail space

APN

03-0926-13-3-08-40-0000

APU

3092613308400000

Description

This 5,000-square-foot single-tenant warehouse, located at 3088 Gabel Road in Billings, Montana, presents a unique opportunity. Built in 1999, this steel-frame building boasts excellent visibility from Gabel Road and ample off-street parking. The 50,965-square-foot lot is zoned I1-Light Industrial, making it suitable for a variety of commercial and light industrial uses. The interior features a flexible layout including a retail area, two private offices, and two bathrooms, all within a temperature-controlled environment. Multiple overhead doors provide convenient access for loading and unloading. The property benefits from its location in a thriving mixed-use area, with easy access to major thoroughfares like King Avenue West and South 24th Street West, and Interstate 90 via the Zoo Drive Exit. This prime location ensures consistent traffic flow, supporting continued demand for retail, warehouse, and office spaces. The building is also available for sale at $2,200,000 (Sale includes 3090 Gabel Rd.). Net estimated operating expenses are $2.58 per square foot, with a lease rate of $15.00 per square foot, NNN. This property offers a blend of retail, warehouse, and office space, ideal for businesses seeking high visibility and convenient access in Billings.

• CAP approach

  CAP return

  Valuation

  6%

  $1,632,387

  6.5%

  $1,506,819

  7%

  $1,399,189

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,186,922

  Geo Method

  $1,041,012

• Alternative Use

  Use

  Valuation

  Residential

  $1,271,058

  Hospitality

  $1,164,282

  Educational

  $968,669

  Medical

  $1,001,983

  Retail

  $1,506,819

Location Insight

City

Billings

County

Yellowstone

State

Montana

Latitude

45.7438

Longitude

-108.594

CBSA code

13740

CBSA name

BILLINGS, MT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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