Heated Flex Space With
For Sale
$117,000
125 S 80th St W #11B, Billings, MT 59106
CommercialSale, Billings, MT
Property Size1,392 SF
Price / SF$84.05
Days on Market83
Property Features for 125 S 80th St W #11B
General Information
Property type
Commercial Sale
Property subtype
Office
Subdivision
RIDGEVIEW SHOP/STORAGE CONDOMINIUMS
Standard status
Active
APN
D13241W
Size
1,392 SF
Taxes and HOA fees
Tax Description
RIDGEVIEW SHOP/STORAGE CONDOMINIUMS (19), S12, T01 S, R24 E, UNIT 11B, 1.6667% COMMON AREA INTEREST
Tax Annual Amount
699
Legal Description
RIDGEVIEW SHOP/STORAGE CONDOMINIUMS (19), S12, T01 S, R24 E, UNIT 11B, 1.6667% COMMON AREA INTEREST
Utilities
Heating system
Natural Gas, Forced Air
Building Details
Year built
2018
Floors in Building
1
Listing Agency:
ERA American Real Estate · ERA Real Estate
(406) 259-3977
Listed By:
Hunter Kroft · License #RRE-RBS-LIC-99825
(406) 702-0136
Added: Jul 15
Changed: Sep 16
Last Checked: Oct 5 at 12:06PM
MLS# 360127
Copyright © 2026 Billings Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2018, this finished flex property combines a heated 24' x 48' shop with a 12' x 20' loft. The main level provides approximately 1,152 square feet, while the loft adds space for storage, office functions, or project work, bringing the total property size to 1,392 square feet. Forced-air heating powered by natural gas supports year-round use, and epoxy-coated floors provide a durable finished surface. The layout accommodates equipment, vehicles, tools, recreational items, or business operations within a clean, enclosed setting.
The property is located at 125 S 80th St W #11B in Billings, Montana. Its combination of finished workspace, supplemental loft area, and heating offers a practical format for users seeking both work and storage capacity.
The property is located at 125 S 80th St W #11B in Billings, Montana. Its combination of finished workspace, supplemental loft area, and heating offers a practical format for users seeking both work and storage capacity.
Key Highlights
- 1,392‑square‑foot flex property built in 2018
- Heated 24' x 48' shop with approximately 1,152 square feet
- 12' x 20' loft for storage, office space, or project work
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,094
Cap Rate
7.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$181,880
$181.9K
Cap Rate 7%
$129,914
$129.9K
Cap Rate 9%
$101,044
$101.0K
Market Conditions
NOI Build-Up for 1,392 SF
Gross rent
$11.7K $8.40/SF
− Vacancy
−$994 −$0.71/SF
EGI
$10.7K $7.69/SF
− OpEx
−$1.6K −$1.15/SF
NOI
$9.1K $6.53/SF
Area
Billings, MT
Vacancy
8.50%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$181,880
Cap Rate 7%
$129,914
Cap Rate 9%
$101,044
Alternative Uses
Best Use
Flex RnD
$155.3K
$135.9K – $181.1K
NOI $10,868 @ 7.0% cap · market cap 9.29%
Second Best
Warehouse
$129.9K
$113.7K – $151.6K
NOI $9,094 @ 7.0% cap · market cap 7.77%
Theoretical Best
Office A
$303.7K
$265.8K – $354.4K
NOI $21,261 @ 7.0% cap · market cap 18.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
9
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 59106, MT
20,681
Population
8,164
Households
2.5
Avg Household Size
40
Median Age
52%
College-Educated
98%
High-School Grad
112.0 sq mi
ZIP Area
185
Density / Sq Mi
$122,374
Median Household Income
$52,380
Median Earnings
$1,380
Median Rent
$483,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Finished, year-round workspace with epoxy flooring and additional storage capacity.
Where is this flex space located?
The property is located at 125 S 80th St W #11B Billings, MT.
What is the asking price?
The asking price for this property is $117,000.
What are key features of this property?
This property features: 1,392‑square‑foot flex property built in 2018; Heated 24' x 48' shop with approximately 1,152 square feet; 12' x 20' loft for storage, office space, or project work
