84 Homewood Park DrBillings, MT 59106

Property Details for 84 Homewood Park Dr

Year built

2022

Construction

WOOD

Lot size

5.99 AC

Property size (Sq ft)

5,800 SF

Property type

Other commercial real estate

Property subtype

Showrooms

APN

03-0925-12-2-17-11-0000

APU

3092512217110000

Description

This exceptional 5,800-square-foot Class A warehouse, situated on a meticulously leveled 5.99-acre lot in Billings, Montana, presents a unique investment opportunity. The property boasts new construction, never before occupied, offering a pristine space for immediate occupancy. The expansive lot provides ample outdoor storage, perfectly suited for semi-trucks or heavy equipment, and is completely fenced for enhanced security. The warehouse features four 14-foot overhead doors, ensuring easy access for large vehicles and equipment. Inside, the space includes two bathrooms and is equipped with efficient shop heaters and LED lighting. The landlord is open to customizing the space to meet specific tenant needs, including the potential addition of office space. Located outside city limits and unzoned, this property offers flexibility and significant potential. The monthly lease rate is $7,555, plus utilities. This is an unparalleled opportunity to secure a high-quality industrial space with extensive outdoor yard space in a prime Billings location. The address is 84 S Homewood Park Dr, Billings, MT 59106.

• CAP approach

  CAP return

  Valuation

  6%

  $1,893,576

  6.5%

  $1,747,917

  7%

  $1,623,066

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,696,847

  Geo Method

  $1,207,574

• Alternative Use

  Use

  Valuation

  Residential

  $1,474,433

  Hospitality

  $1,350,573

  Educational

  $1,123,661

  Medical

  $1,162,305

  Retail

  $1,747,917

Location Insight

City

Billings

County

Yellowstone

State

Montana

Latitude

45.768

Longitude

-108.717

CBSA code

13740

CBSA name

BILLINGS, MT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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