1443 Coulson RdBillings, MT 59101

  • Retail properties
  • 13,692 SF
For Sale
$1,500,000 View listing

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
1443 Coulson Rd, Billings, Montana

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

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
$13,461
-
-
$1,270,300
-
$414,586
$855,714
$1,270,300

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