1812 Monad RdBillings, MT 59102

Property Details for 1812 Monad Rd

Year built

1976

Construction

WOOD

Lot size

0.84 AC

Property size (Sq ft)

2,396 SF

Zone code

CI

Property type

Office buildings

APN

03-0927-07-4-04-08-0000

APU

3092707404080000

Description

Exceptional investment opportunity in Billings, Montana! This mixed-use property at 1812 Monad Rd features two buildings totaling 6,136 square feet on a 0.83-acre lot. The property is zoned I1-Light Industrial and boasts a strong rental history, currently 100% occupied with a lease generating $3,300 per month plus utilities. The asking price is $1,200,000, translating to $195.57 per square foot. Built in 1976 and extensively renovated in 2017, the property includes a 2,386 square foot office building with five private offices, a reception area, kitchenette, and two bathrooms. The 3,750 square foot warehouse features modern amenities such as LED lighting, gas forced heat, three-phase power, a 14-foot overhead door, and 16-foot sidewall height. Ample parking and storage are provided in the asphalt yard. This NNN-leased, multi-tenant property presents a compelling investment opportunity with significant upside potential. The property is located in Yellowstone County, Montana, zip code 59102. This is a turnkey operation ideal for a passive income investor seeking a stable, high-occupancy asset in a growing market.

• CAP approach

  CAP return

  Valuation

  6%

  $532,137

  6.5%

  $491,203

  7%

  $456,117

• Comparable approach

  Method

  Valuation

  Relative Method

  $606,022

  Geo Method

  $197,958

• Alternative Use

  Use

  Valuation

  Residential

  $609,092

  Hospitality

  $557,925

  Educational

  $464,187

  Medical

  $480,151

  Retail

  $722,068

Location Insight

City

Billings

County

Yellowstone

State

Montana

Latitude

45.7621

Longitude

-108.562

CBSA code

13740

CBSA name

BILLINGS, MT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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