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Executive Summary

Strategic Location: Situated in a thriving commercial area of Billings, these properties offer excellent visibility and accessibility. Investment Opportunity: With a potential of 7.0% cap rate, these properties provide a solid return on investment, ideal for savvy investors. Versatile Spaces: Suitable for a variety of commercial uses, ensuring long-term value and flexibility.

Financial Summary (Actual - 2025)

Annual Annual Per SF
Gross Rental Income $50,400 $6.00
Other Income - -
Vacancy Loss - -
Effective Gross Income $50,400 $6.00
Taxes $7,199 $0.86
Operating Expenses $3,813 $0.45
Total Expenses $11,012 $1.31
Net Operating Income $39,388 $4.69

Financial Summary (Actual - 2025)

Gross Rental Income
Annual $50,400
Annual Per SF $6.00
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $50,400
Annual Per SF $6.00
Taxes
Annual $7,199
Annual Per SF $0.86
Operating Expenses
Annual $3,813
Annual Per SF $0.45
Total Expenses
Annual $11,012
Annual Per SF $1.31
Net Operating Income
Annual $39,388
Annual Per SF $4.69

Property Facts

Price $1,100,000
Price Per SF $130.95
Sale Type Investment or Owner User
Cap Rate 3.58%
Property Type Industrial
Property Subtype Warehouse
Building Class B
Lot Size 0.50 AC
Rentable Building Area 8,400 SF
No. Stories 1
Year Built 2014

Utilities

  • Gas - Natural
  • Water
  • Sewer - Septic Field
  • Heating - Gas

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • The Judith River Dinosaur Institute
  • Professional, Scientific, and Technical Services
  • -
  • $9.00
  • Triple Net
  • -
Tenant Industry SF Occupied Rent/SF Lease Type Lease End
The Judith River Dinosaur Institute Professional, Scientific, and Technical Services - $9.00 Triple Net -
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100

Property Taxes

Property Taxes

Parcel Number
03-0926-07-4-03-01-0000
Land Assessment
$198,640
Improvements Assessment
$1,589,560
Total Assessment
$1,788,200
Annual Taxes
$7,199 ($0.86/SF)
Tax Year
2025
  • Listing ID: 41534996

  • Date on Market: 8/3/2026

  • Last Updated:

  • Address: 6512 Wagon Trail, Billings, MT 59106

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