1443 Coulson RdBillings, MT 59101

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

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.

• 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

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