5509 King AveBillings, MT 59106
- Other commercial real estate
- 14,560 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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