21,720 SF of Mini Storage & Warehouse for Sale in Billings

3450 Duck Creek Rd BIllings, MT 59101

3450 Duck Creek Rd, BIllings, MT, 59101
3450 Duck Creek Rd, BIllings, MT, 59101 3450 Duck Creek Rd, BIllings, MT, 59101 3450 Duck Creek Rd, BIllings, MT, 59101 3450 Duck Creek Rd, BIllings, MT, 59101 3450 Duck Creek Rd, BIllings, MT, 59101 3450 Duck Creek Rd, BIllings, MT, 59101
FOR SALE
Property Type:
Other Industrial
Amount:
$1,850,000
Cap Rate:
5.30%
Last Verified:
Sep 23, 2022

*Stagecoach Ranch RV & Mini Storage *For Sale $1,850,000 *3450 Duck Creek Rd, Billings, MT *21,720 SF of Mini Storage & Warehouse *7.441 Acres of Land (2.34 Acres of Excess Land for Expansion) *Zoning is Outside City Limits *75 Mini Storage Units *122 RV Spaces *2 Septic Systems *Well Water *100% Occupancy for Mini Storage Units *Mini Storage Built in 1994 & 1996 *Warehouses Built in 1970 & 1980 *Current NOI = $99,237 *Current Cap Rate = 5.3% Cap Rate *Potential NOI @ Market Rates = $167,457 *Potential Cap Rate @ Market Rates = 9% Cap Rate *Part of this property is in the 500 year floodplain & flood fringe SELLER WILL BE REVIEWING ALL OFFERS AT 10AM ON OCTOBER 14TH Note: Owner will require buyer to purchase the property on a contract for deed with $450,000 down, 5% interest rate fixed for 5 years, 30 year amortization and no prepay or refinancing for the first 10 years. If you are looking for a storage facility with a lot of upside, Stagecoach Ranch RV & Mini Storage is for you. With 100% occupancy, rents below market rates and 2.34 excess acres of land for expansion, the opportunities are endless for expanding the facility and growing the bottom line. Owner currently manage the property and take care of snow removal & landscaping. This is a nice, clean and easy to maintain facility. At the front of the property there is a space with all utilities and septic tank for a home. There was previously a double wide mobile home there at one time and could be a great place for a new storage office or home rental. There are also full hook ups for an RV. Currently the large shop/warehouse space is used for boat & RV storage, but could be converted to a commercial rental and enjoy 3x the rent.

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Map of 3450 Duck Creek Rd, BIllings, MT, 59101

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.