Multi-Unit Shop
For Sale
$1,625,000
1125 Maggie Lane, Billings, MT 59101
Fully leased 3-unit shop building with an additional leased, fenced yard on a CX-zoned tract.
Property Size13,682 SF
Lot Size0.64 Acres
Price / SF$118.77
Days on Market54
Property Features for 1125 Maggie Lane
General Information
Standard status
Active
Size
13,682 SF
Lot size
0.64 Acres
Property subtype
Industrial
Zoning
CX
Occupancy
100%
Additional Details
Fenced Yard
Yes
Building Details
Year Built
1979
Tenancy
Multi
Listing Agency:
(406) 855-8946
Listed By:
George Warmer, SIOR, CCIM · License #MT #RRE-RBS-LIC-14174
(406) 855-8946
Source:
Cbcmontana
Added: Jun 7
Changed: Jul 10
Last Checked: Jul 30 at 4:36AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of George Warmer, SIOR, CCIM
Investment Insights
Based on property information with market context.
This offering is a 13,682 SF shop building comprised of three separate units on a 28,052 SF tract. An additional 0.91-acre fenced yard is included as a leased area, providing added outdoor space for tenant use depending on the applicable lease terms.
The property is located at 1125 Maggie Lane, Billings, MT 59101. The land is zoned CX, classified as Heavy Commercial property, and the seller reports the heavy commercial portion is fully leased.
For buyers looking for an income-producing industrial/commercial asset, the configuration as a multi-unit shop building can support multiple tenants within one facility. The presence of a fenced yard lease may also appeal to users that require secure outdoor storage or related operational space. Prospective purchasers should review the unit mix and the existing yard lease terms to confirm how the space is currently allocated and to understand ongoing occupancy.
The property is located at 1125 Maggie Lane, Billings, MT 59101. The land is zoned CX, classified as Heavy Commercial property, and the seller reports the heavy commercial portion is fully leased.
For buyers looking for an income-producing industrial/commercial asset, the configuration as a multi-unit shop building can support multiple tenants within one facility. The presence of a fenced yard lease may also appeal to users that require secure outdoor storage or related operational space. Prospective purchasers should review the unit mix and the existing yard lease terms to confirm how the space is currently allocated and to understand ongoing occupancy.
Key Highlights
- 13,682 SF shop building built in 1979 with 3 units
- Located on a 28,052 SF tract
- Additional 0.91‑acre fenced yard included and leased
Financial Insights For Warehouse
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 | $114.9k | $8.40 |
| − Vacancy | −$9.8k | −$0.71 |
| EGI | $105.2k | $7.69 |
| − OpEx | −$15.8k | −$1.15 |
| NOI | $89.4k | $6.53 |
13,682 SF · lease $8.40/SF/yr · vacancy 8.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.28M
$1.12M – $1.49M
NOI $89,386 @ 7.0% cap · market cap 5.50%
Second Best
Industrial
$1.13M
$985.9K – $1.31M
NOI $78,870 @ 7.0% cap · market cap 4.85%
Theoretical Best
Office A
$2.99M
$2.61M – $3.48M
NOI $208,973 @ 7.0% cap · market cap 12.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
189
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 59101, MT
41,522
Population
18,864
Households
2.2
Avg Household Size
37
Median Age
22%
College-Educated
91%
High-School Grad
590.8 sq mi
ZIP Area
70
Density / Sq Mi
$58,165
Median Household Income
$36,258
Median Earnings
$930
Median Rent
$243,000
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- The Storage Place of MT — 5504 King Ave E, Billings, MT 59101
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Frequently Asked Questions
What type of property is this?
Warehouse - Fully leased 3-unit shop building with an additional leased, fenced yard on a CX-zoned tract.
Where is this warehouse located?
The property is located at 1125 Maggie Lane Billings, MT.
What is the asking price?
The asking price for this property is $1,625,000.
What are key features of this property?
This property features: 13,682 SF shop building built in 1979 with 3 units; Located on a 28,052 SF tract; Additional 0.91‑acre fenced yard included and leased
