5509 King AveBillings, MT 59106

  • Other commercial real estate
  • 14,560 SF
For Sale
$1,700,000 View listing

Property Details for 5509 King Ave

Year built
1999
Construction
WOOD
Lot size
1.54 AC
Property size (Sq ft)
14,560 SF
Zone code
CI
Property type
Other commercial real estate
Property subtype
Showrooms
APN
03-0927-08-3-03-01-0000
APU
3092708303010000

Description

This exceptional 14,560 square foot industrial property, located at 5509 King Ave E in Billings, Montana, is available for sale or lease. Situated on a 1.543-acre lot in Yellowstone County, this single-tenant building offers a versatile space ideal for warehouse, flex, or commercial use. The property boasts a fenced yard, excellent signage opportunities, and convenient access to Interstate highways, making it an attractive location for businesses needing easy transportation links. Zoned CX – Heavy Commercial, this property features 3-phase electrical service. The building is centrally located within Billings, offering easy access to amenities and a strong workforce. The asking price for the sale is $1,700,000. Alternatively, the property is available for lease at a rate of $9.50 per square foot, triple net (NNN). The lease commencement date is January 1, 2025. This property presents a unique opportunity for businesses seeking a well-located, functional, and versatile industrial space in a thriving Montana market. The property's size and zoning make it suitable for a wide range of commercial and industrial uses. Its strategic location and amenities make it a highly desirable option for businesses seeking a strong presence in Billings. Contact us today to schedule a showing and explore the possibilities.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $4,753,514
    6.5%
    $4,387,858
    7%
    $4,074,440
  • Comparable approach

    Method
    Valuation
    Relative Method
    $9,280,322
    Geo Method
    $3,031,427
  • Alternative Use

    Use
    Valuation
    Residential
    $3,701,323
    Hospitality
    $3,390,392
    Educational
    $2,820,766
    Medical
    $2,917,777
    Retail
    $4,387,858
5509 King Ave, Billings, Montana

Location Insight

City
Billings
County
Yellowstone
State
Montana
Latitude
45.7556
Longitude
-108.554
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
$12,621
-
-
$1,125,200
-
$637,503
$487,697
$1,125,200

FAQs

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