1125 Maggie Lane, Billings, MT 59101
Fully leased 3-unit shop building with an additional leased, fenced yard on a CX-zoned tract.
- Added:
- Jun 7, 2026
- Days on Market:
- 5
- Last Refresh:
- Jun 10 at 2:59 am
Property Features for 1125 Maggie Lane
General Information
- Standard status
- Active
- Size
- 13,682 SF
- Lot size
- 0.64 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1979
Listing agent George Warmer, SIOR, CCIM License #MT #RRE-RBS-LIC-14174 (406) 855-8946
Listing office (406) 855-8946
Listing date Jun 7, 2026
Source Cbcmontana
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
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
- Zoned CX (heavy commercial)
- Property is fully leased
Overview
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.
Local 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 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- The Storage Place of MT — 5504 King Ave E, Billings, MT 59101
- Charles Street Storage — 609 Charles St, Billings, MT 59101
Location Insight
- Map
- Local Demand
- City
- Billings
- County
- Yellowstone
- State
- Montana
- Longitude
- -108.541357
- Latitude
- 45.7490592
