Flex Space with Attached
For Sale
Under Contract
$260,000
9705 Shepherd Road, Shepherd, MT 59079
CommercialSale, Shepherd, MT
Property Size1,600 SF
Lot Size4.17 Acres
Price / SF$162.50
Days on Market50
Property Features for 9705 Shepherd Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Un-zoned
Bedrooms
2
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 1
Parking features
Garage
Fireplace
1
Appliances
Dishwasher, Oven, Range, Refrigerator
Subdivision
S26, T03 N, R27 E, C.O.S. 1713, PARCEL A1, AMD (4.
Elementary school
Shepherd
Middle school
Shepherd
High school
Shepherd
Directions
Take HWY 312 to Shepherd Rd. Turn onto Shepherd Rd and follow for 5 miles. Property will be on your right, right after Scandia Rd.
Standard status
Active Under Contract
APN
D08776
Size
1,600 SF
Lot size
4.17 Acres
Taxes and HOA fees
Tax Description
S26, T03 N, R27 E, C.O.S. 1713, PARCEL A1, AMD (4.169AC)
Tax Annual Amount
1928
Legal Description
S26, T03 N, R27 E, C.O.S. 1713, PARCEL A1, AMD (4.169AC)
Utilities
Sewer type
Septic Tank
Heating system
Baseboard, Electric (Heating)
Cooling system
Ductless
Amenities
office with attached bath
Building Details
Year built
1976
Floors in Building
2
Building materials
AluminumSiding, VinylSiding
Roof type
Aluminum
Listing Agency:
Magic City Real Estate
(406) 850-9858
Listed By:
Britin Cross · License #RRE-RBS-LIC-88947
(406) 390-0331
Added: Aug 19
Changed: Sep 28
Last Checked: Oct 7 at 11:06PM
MLS# 356091
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 flex-space property combines an attached residence with a substantial shop on 4.169 acres. The residence includes two bedrooms, a bonus room with deck access, and views, while the lower level provides two garages. The shop has two large garage doors, shelving, an office with an attached bathroom, and additional workspace. Appliances include a dishwasher, oven, range, and refrigerator. The property was built in 1976 and is served by electric baseboard heat, ductless cooling, a septic tank, and an aluminum roof.
Located at 9705 Shepherd Road in Shepherd, Montana, the property is described as being off the highway, minutes from the Shepherd community, with access to Billings. The land is unzoned, supporting a range of potential personal or business uses subject to applicable requirements.
Located at 9705 Shepherd Road in Shepherd, Montana, the property is described as being off the highway, minutes from the Shepherd community, with access to Billings. The land is unzoned, supporting a range of potential personal or business uses subject to applicable requirements.
Key Highlights
- 4.169 acres of unzoned land
- Attached residence with two bedrooms and a bonus room with deck access
- Large shop with two garage doors, shelving, and an office with attached bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,338
Cap Rate
7.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$366,760
$366.8K
Cap Rate 7%
$261,971
$262.0K
Cap Rate 9%
$203,756
$203.8K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$30.3K $18.96/SF
− Vacancy
−$2.1K −$1.33/SF
EGI
$28.2K $17.63/SF
− OpEx
−$9.9K −$6.17/SF
NOI
$18.3K $11.46/SF
Area
Yellowstone County, MT
Vacancy
7.00%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$366,760
Cap Rate 7%
$261,971
Cap Rate 9%
$203,756
Alternative Uses
Best Use
Flex RnD
$262.0K
$229.2K – $305.6K
NOI $18,338 @ 7.0% cap · market cap 7.05%
Second Best
Mixed Use
$178.2K
$155.9K – $207.9K
NOI $12,474 @ 7.0% cap · market cap 4.80%
Theoretical Best
Office A
$347.6K
$304.1K – $405.5K
NOI $24,330 @ 7.0% cap · market cap 9.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Drive-in doors
1
Office units
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 59079, MT
3,520
Population
1,647
Households
2.1
Avg Household Size
43
Median Age
23%
College-Educated
97%
High-School Grad
334.1 sq mi
ZIP Area
11
Density / Sq Mi
$65,851
Median Household Income
$34,597
Median Earnings
$1,516
Median Rent
$350,400
Median Home Value
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Unzoned acreage combines a residence, substantial shop, garage capacity, and office space for flexible personal or business use.
Where is this flex space located?
The property is located at 9705 Shepherd Road Shepherd, MT.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: 4.169 acres of unzoned land; Attached residence with two bedrooms and a bonus room with deck access; Large shop with two garage doors, shelving, and an office with attached bath
