Flex Warehouse with Two
6508-6512 Wagon Trail Billings, MT 59106
For Sale
$2,300,000
SINGLE_FAMILY - Billings, MT
Property Size16,800 SF
Lot Size1.00 Acre
Price / SF$136.90
Days on Market370
Property Features for 6508-6512 Wagon Trail
General Information
- Property type
- Residential
- Property subtype
- Office
- Standard status
- Active
- APN
- C16599
- Size
- 16,800 SF
- Lot size
- 1.00 Acre
Taxes and HOA fees
- Tax Description
- WEST KING COMMERCIAL PARK SUB (11), S07, T01 S, R25 E, BLOCK 2, Lot 12 and Lot 13
- Tax Annual Amount
- 14398
Utilities
- Sewer type
- Septic Tank
- Heating system
- Natural Gas
Building Details
- Year built
- 2016
- Floors in Building
- 1
Listing Agency:
U Bar S Real Estate
(406) 652-1151
Listed By:
Carlos Davey · License #14186
(406) 652-1151
Added: Jul 22, 2025
Changed: Jun 9
Last Checked: Jul 26 at 10:06AM
MLS# 347756
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.
This offering includes two flex warehouse buildings on two lots, with three units per building and bathrooms. Each building is approximately 8,400 square feet and built with pre-engineered steel. Building improvements include ceiling height of 16 feet, three overhead doors per building (12x14) and three man doors. Site utilities include cistern and septic tanks.
The properties are positioned in a commercial area of Billings, Montana, with visibility and accessibility as stated in the remarks.
The combination of unitized layouts, flex-warehouse configuration, and multiple loading entries supports a range of commercial uses, with the listing describing suitability for various uses and long-term flexibility.
The properties are positioned in a commercial area of Billings, Montana, with visibility and accessibility as stated in the remarks.
The combination of unitized layouts, flex-warehouse configuration, and multiple loading entries supports a range of commercial uses, with the listing describing suitability for various uses and long-term flexibility.
Key Highlights
- High‑Return Investment: 5% cap rate offers a strong return.
- Two 8,400 Sq Ft Flex Warehouse Buildings: Providing ample space and versatility.
- Strategic Location: Excellent visibility and accessibility in a thriving commercial area of Billings.
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $221.8k | $13.20 |
| − Vacancy | −$20.0k | −$1.19 |
| EGI | $201.8k | $12.01 |
| − OpEx | −$70.6k | −$4.20 |
| NOI | $131.2k | $7.81 |
16,800 SF · lease $13.20/SF/yr · vacancy 9.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$1.87M
$1.64M – $2.19M
NOI $131,171 @ 7.0% cap · market cap 5.70%
Second Best
Warehouse
$1.57M
$1.37M – $1.83M
NOI $109,756 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$3.67M
$3.21M – $4.28M
NOI $256,596 @ 7.0% cap · market cap 11.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - Two flex warehouse buildings on separate lots feature pre-engineered steel construction and multiple overhead doors.
Where is this flex space located?
The property is located at 6508-6512 Wagon Trail Billings, MT.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: High‑Return Investment: 5% cap rate offers a strong return.; Two 8,400 Sq Ft Flex Warehouse Buildings: Providing ample space and versatility.; Strategic Location: Excellent visibility and accessibility in a thriving commercial area of Billings.
