Flex Space with Office & Three
For Sale
Contact for pricing
119 S Washington Ave, Laurel, MT 59044
Three-building flex property with office, breakroom, locker room, and upgraded sprinkler, power and air systems.
Property Size24,930 SF
Lot Size2.60 Acres
Price / SF$92.26
Days on Market403
Property Features for 119 S Washington Ave
General Information
Standard status
Active
Size
24,930 SF
Lot size
2.60 Acres
Property subtype
INDUSTRIAL
Additional Details
Sprinkler System
Yes
Amenities
offices
breakroom
locker room
Building Details
Buildings
3
Listing Agency:
Coldwell Banker Commercial CBS
(406) 698-8636
Listed By:
Bruce Knudsen
(406) 698-8636
Source:
Moodyscre
Added: Jun 23, 2025
Changed: Jul 29
Last Checked: Jul 29 at 4:15PM
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 Coldwell Banker Commercial CBS
Investment Insights
Based on property information with market context.
Flex space property featuring three separate buildings and a functional office setup for daily operations. The offering includes offices plus a breakroom and locker room, supporting a streamlined work environment.
The property sits on a sizable 2.6-acre lot with ample off-street parking for staff and visitors. With a total size of 24,930 SF, it provides space for multiple uses or tenants within a three-building configuration. The main building has been upgraded with a sprinkler system and additional power and air upgrades.
Located near Walmart in a high-traffic area, the site is positioned for visibility and convenient access in the Laurel, MT market.
The property sits on a sizable 2.6-acre lot with ample off-street parking for staff and visitors. With a total size of 24,930 SF, it provides space for multiple uses or tenants within a three-building configuration. The main building has been upgraded with a sprinkler system and additional power and air upgrades.
Located near Walmart in a high-traffic area, the site is positioned for visibility and convenient access in the Laurel, MT market.
Key Highlights
- Three separate buildings for multiple uses or tenants
- 2.6‑acre lot with ample off‑street parking for staff and visitors
- Total size of 24,930 SF for flexible occupancy
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 | $224.4k | $9.00 |
| − Vacancy | −$10.1k | −$0.41 |
| EGI | $214.3k | $8.59 |
| − OpEx | −$32.1k | −$1.29 |
| NOI | $182.1k | $7.31 |
24,930 SF · lease $9.00/SF/yr · vacancy 4.50% · expense 15.00%
Alternative Uses
Best Use
Flex RnD
$4.08M
$3.57M – $4.76M
NOI $285,731 @ 7.0% cap · market cap 12.42%
Second Best
Warehouse
$2.60M
$2.28M – $3.04M
NOI $182,132 @ 7.0% cap · market cap 7.92%
Theoretical Best
Office A
$5.42M
$4.74M – $6.32M
NOI $379,096 @ 7.0% cap · market cap 16.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
405
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 59044, MT
12,099
Population
5,247
Households
2.3
Avg Household Size
41
Median Age
27%
College-Educated
95%
High-School Grad
175.1 sq mi
ZIP Area
69
Density / Sq Mi
$86,011
Median Household Income
$40,535
Median Earnings
$983
Median Rent
$317,200
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
- Mindi's Burgers — 401 E Main St, Laurel, MT 59044
Frequently Asked Questions
What type of property is this?
Flex space - Three-building flex property with office, breakroom, locker room, and upgraded sprinkler, power and air systems.
Where is this flex space located?
The property is located at 119 S Washington Ave Laurel, 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: Three separate buildings for multiple uses or tenants; 2.6‑acre lot with ample off‑street parking for staff and visitors; Total size of 24,930 SF for flexible occupancy
