2621 Holman AveBillings, MT 59102

Property Details for 2621 Holman Ave

Year built

2020

Construction

WOOD

Lot size

1.27 AC

Property size (Sq ft)

20,000 SF

Zone code

CI

Property type

Other commercial real estate

Property subtype

Showrooms

APN

03-0926-13-1-02-05-0000

APU

3092613102050000

Description

This exceptional Class A industrial property, built in 2020, offers 20,000 square feet of flexible warehouse space in Billings, Montana's desirable West End Industrial submarket. The single-story building features 18-foot ceilings and is situated on a 1.27-acre lot (55,408 square feet), providing ample space for loading and maneuvering. Currently, 7,500 square feet of contiguous space is immediately available, divisible down to 2,500 square feet, accommodating a variety of business needs. The property boasts four drive-in doors for convenient access, three-phase power, and a prime location with 215 feet of frontage on S 24th St W/Gabel Rd, between two I-90 interchanges in Billings' West End. The building is zoned I1-Light Industrial, making it suitable for a range of uses. This is a rare opportunity to secure modern, efficient warehouse space in a high-demand location. The address is 2621 Holman Ave, Billings, MT 59102. The property consists of one building with three total suites.

• CAP approach

  CAP return

  Valuation

  6%

  $6,529,550

  6.5%

  $6,027,277

  7%

  $5,596,758

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,747,693

  Geo Method

  $4,164,048

• Alternative Use

  Use

  Valuation

  Residential

  $5,084,234

  Hospitality

  $4,657,131

  Educational

  $3,874,678

  Medical

  $4,007,934

  Retail

  $6,027,277

Location Insight

City

Billings

County

Yellowstone

State

Montana

Latitude

45.7486

Longitude

-108.582

CBSA code

13740

CBSA name

BILLINGS, MT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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