3206 Conrad RdBillings, MT 59102

  • Other commercial real estate
  • 9,000 SF
For Sale
$3,504,989.58 View listing

Property Details for 3206 Conrad Rd

Year built
1980
Construction
WOOD
Lot size
1.21 AC
Property size (Sq ft)
9,000 SF
Zone code
CI
Property type
Other commercial real estate
Property subtype
Showrooms
APN
03-0926-14-4-16-24-0000
APU
3092614416240000

Description

This exceptional 7.02-acre land parcel, located at 3206 Conrad Rd, Billings, MT 59102 (APN A29207), presents a significant commercial and industrial development opportunity. Zoned CX-Heavy Commercial, this property offers 305,890 square feet of buildable land, priced at $3,504,989.58, or $11.46 per square foot. Situated within a premier business and industrial park, the land benefits from proximity to a commercial data center with a fiber optic network. The park boasts over 33 acres of common space, including walking trails and water features. Utilities are readily accessible. The location is convenient to Costco, new hotels, and thriving commercial areas, offering excellent access and visibility. The cohesive building requirements ensure an aesthetically pleasing and functional development. This is an ideal location for businesses seeking a modern, technologically advanced environment in a rapidly growing area. The property is part of the Gabel Sub 2nd Filing, Block 1, Lot 5.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,938,297
    6.5%
    $2,712,274
    7%
    $2,518,540
  • Comparable approach

    Method
    Valuation
    Relative Method
    $5,736,460
    Geo Method
    $1,873,822
  • Alternative Use

    Use
    Valuation
    Residential
    $2,287,904
    Hospitality
    $2,095,708
    Educational
    $1,743,605
    Medical
    $1,803,570
    Retail
    $2,712,274
3206 Conrad Rd, Billings, Montana

Location Insight

City
Billings
County
Yellowstone
State
Montana
Latitude
45.7422
Longitude
-108.597
CBSA code
13740
CBSA name
BILLINGS, MT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$11,597
-
-
$1,033,900
-
$387,465
$646,435
$1,033,900

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