1443 Coulson RdBillings, MT 59101
- Retail properties
- 13,692 SF
Property Details for 1443 Coulson Rd
- Year built
- 1983
- Construction
- WOOD
- Lot size
- 4.74 AC
- Property size (Sq ft)
- 13,692 SF
- Zone code
- HI
- Property type
- Retail properties
- Property subtype
- Auto shops
- APN
- 03-1034-19-1-01-12-0000
- APU
- 3103419101120000
Description
This Billings, Montana industrial property offers a compelling investment opportunity with a 9.60% cap rate. The 14,788 square foot facility, situated on a 4.736-acre lot, consists of two structures: a 13,688 square foot main warehouse/office space built in 1983, featuring multiple overhead doors and three paint booths, and a 1,100 square foot cold storage addition constructed in 1999. Both structures are pre-engineered steel. The property boasts ample off-street parking and yard space, with excellent ingress and egress. Located at 1443 Coulson Rd, Billings, MT 59101, it benefits from high visibility and convenient access to the Johnson Lane I-90 Interchange. The property is zoned I2-Heavy Industrial and features a septic system and well. The asking price is $1,500,000 ($101.43 per square foot), with an initial annual net lease income of $144,000. The single tenant, Duck's Painting Shop, is a well-established business serving a regional market. This is a rare opportunity to acquire a high-performing industrial property in a growing Montana market. The property's APN is C11084.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $4,470,149
- 6.5%
- $4,126,291
- 7%
- $3,831,556
-
Comparable approach
- Method
- Valuation
- Relative Method
- $8,727,113
- Geo Method
- $2,850,707
-
Alternative Use
- Use
- Valuation
- Residential
- $3,480,681
- Hospitality
- $3,188,285
- Educational
- $2,652,616
- Medical
- $2,743,844
- Retail
- $4,126,291
Location Insight
- City
- Billings
- County
- Yellowstone
- State
- Montana
- Latitude
- 45.8248
- Longitude
- -108.406
- CBSA code
- 13740
- CBSA name
- BILLINGS, MT METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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