www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
32619233
32619234

4015 1st Ave S, Billings, MT 59101

MK
MT RRE-RBS-LIC-119294
NAI Business Properties
MR
MT 14178, WY 234300
NAI Business Properties
Listed by NAI Business Properties
$649,000
222 days on market
Updated 32 days ago

4015 1st Ave S

Details
APN D01250
Property Type Industrial
Sub Type Flex
Square Footage 8,261
Units 5
Cap Rate 5.05%
NOI $32,767
Occupancy 82.8%
Tenancy Multi
Lease Type Modified
Pro-Forma Cap Rate 7.64%
Pro-Forma NOI $49,600
Price per SqFt $79
Class B
Year Built 1946
Year Renovated 2000
Acreage 0.976
Zoning Light Industrial
Investment Type Net Lease
Ground Lease No

Owner User/Investment Opportunity

Marketing description

Located at 4015 1st Avenue South in Billings, Montana, this 8,261± square foot mixed-use office and warehouse facility sits on a 42,500± square foot Light Industrial-zoned lot in the heart of Billings’ established industrial corridor. The property features a blend of modernized office space and functional warehouse/shop area, supported by ample off-street parking, secure fenced yard, and 12-foot clear heights. Constructed in 1946 and remodeled in 2000, the structure combines wood frame construction with some updated plumbing, electrical, and mechanical systems. With a Class-B building condition and a strong tenant mix generating stable income, the property presents an excellent owner-user or investment opportunity. Its flexible layout and strategic location offer long-term value for businesses seeking a balanced mix of office, service, and light industrial use in the growing Billings market.

Investment highlights

  • 8,261 SF of Improvements that sits on a 42,500 SF Lot
  • Fenced Yard in a Light Industrial Zoning area
  • Year Built: 1946
  • Pro Forma NOI: $49,600
  • Pro Forma Cap Rate: 7.64%
  • 1 Suite left for owner/user occupancy potential

Listing Contacts

MK
MT RRE-RBS-LIC-119294
NAI Business Properties
MR
MT 14178, WY 234300
NAI Business Properties
Listed by NAI Business Properties

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$32,766.54
$2,730.55/mo

Valuation Metrics

0
DSCR
5.05%
Cap Rate
5.05%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Margaret Kirby
License
RRE-RBS-LIC-119294
Brokerage
NAI Business Properties
Title
Commercial Sales Agent
Brokerage Address
3312 4th Avenue North
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591