5509 King AveBillings, MT 59106

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

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.

• 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

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