7099 Niehenke AveBillings, MT 59101

Property Details for 7099 Niehenke Ave

Year built

2014

Construction

WOOD

Lot size

1.55 AC

Property size (Sq ft)

8,550 SF

Property type

Showrooms

APN

03-0926-24-3-11-20-0000

APU

3092624311200000

Description

This exceptional Class A, 8,550 square foot property, located at 7099 Niehenke Avenue in Billings, Montana's Harnish Trade Center, presents a compelling investment opportunity. The building, constructed in 2014, seamlessly blends executive office space with a heated service shop including a wash bay, ideal for a variety of businesses. Situated on a 1.547-acre lot within a controlled industrial zone, the property boasts ample parking for clients and employees. Currently leased through February 28, 2025, at a monthly triple net rent of $9,975, this owner-user or single-tenant triple net (NNN) property offers a strong 6.84% cap rate. The asking price is $1,750,000. Annual real estate taxes for 2023 were $9,720. This west-end Billings location provides a tranquil setting with convenient access to South Frontage Road. The property's zoning is Controlled Industrial, ensuring flexibility for various uses. This is a rare opportunity to acquire a high-quality, income-producing property in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,791,379

  6.5%

  $2,576,658

  7%

  $2,392,610

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,449,630

  Geo Method

  $1,780,130

• Alternative Use

  Use

  Valuation

  Residential

  $2,173,507

  Hospitality

  $1,990,921

  Educational

  $1,656,423

  Medical

  $1,713,390

  Retail

  $2,576,658

Location Insight

City

Billings

County

Yellowstone

State

Montana

Latitude

45.7304

Longitude

-108.594

CBSA code

13740

CBSA name

BILLINGS, MT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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