1035 Cerise RdBillings, MT 59101

Property Details for 1035 Cerise Rd

Year built

1995

Construction

STEEL FRAME

Lot size

2.32 AC

Property size (Sq ft)

8,260 SF

Zone code

CI

Property type

Showrooms

APN

03-1033-26-3-06-06-0000

APU

3103326306060000

Description

This exceptional 7,600-square-foot industrial property, located at 1035 Cerise Rd in Billings, Montana, presents a unique opportunity for businesses seeking a versatile and strategically located space. The building, constructed in 1995, features a blend of office and warehouse space, ideal for a variety of manufacturing operations. The property boasts a spacious 3,400-square-foot office area distributed across two levels, providing ample room for administrative functions and management. Complementing the office space is a substantial 4,200-square-foot warehouse, offering significant capacity for storage, production, or other industrial needs. Situated on a generous 2.319-acre lot, the property includes a large fenced yard, providing secure outdoor storage or operational space. Its convenient location in Billings offers easy access to major transportation routes, including I-90 interchanges, ensuring efficient logistics and convenient commutes for employees. The property is zoned I1-Light Industrial (APN: C11506), ensuring compliance with local regulations for various industrial uses. This single-tenant building offers a complete and self-contained workspace, ready for immediate occupancy. The property is located in Yellowstone County, Montana, with a zip code of 59101. This is a rare opportunity to secure a well-maintained, spacious, and strategically located industrial property in a thriving Montana market.

• CAP approach

  CAP return

  Valuation

  6%

  $2,696,712

  6.5%

  $2,489,272

  7%

  $2,311,467

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,264,814

  Geo Method

  $1,719,752

• Alternative Use

  Use

  Valuation

  Residential

  $2,099,794

  Hospitality

  $1,923,400

  Educational

  $1,600,246

  Medical

  $1,655,281

  Retail

  $2,489,272

Location Insight

City

Billings

County

Yellowstone

State

Montana

Latitude

45.8006

Longitude

-108.46

CBSA code

13740

CBSA name

BILLINGS, MT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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