Adaptable Flex Space Units
8122 Stillwater Drive, Billings, MT 59106
Engineered steel frame buildings, customizable units, gated community, many options.
Type:Industrial
Property size:
1,152 SFPrice / SF:
$98/SF- Added:
- Jan 27, 2026
- Days on Market:
- 115
- Last Refresh:
- Apr 5 at 10:54 pm
Property Features for 8122 Stillwater Drive
General Information
- Standard status
- Active
- Size
- 1,152 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 2023
Listing agent Matt Robertson, SIOR License #RRE-BRO-LIC-63128 (406) 294-6308
Listing office eXp Realty (406) 294-6308
Listing date Jan 27, 2026
Source Naiglobal
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 eXp Realty
HighLights
- Flexible Unit Configuration: Engineered steel frame buildings can be divided into multiple unit sizes (24'x48' up to 96'x96') or combined for larger spaces, offering customizable options.
- Secure, Gated Community: Fully fenced perimeter with security cameras at both gated entrances provides enhanced security.
- Well‑Equipped Units: Each 24'x48' unit includes a 14’ X 14’ garage door with electric operator, steel man door, natural gas heater, LED lighting, and ample electrical outlets.
- Durable Construction: Features a 5" concrete slab foundation and white colored metal liners on all interior walls.
- Low Annual HOA: $625/year covers structural insurance, snow removal, and paving maintenance.
- New Construction: Built in 2023.
Overview
These engineered steel frame buildings offer numerous possibilities for customization. The buildings, up to 96'x96' in size, are constructed on a 5" concrete slab foundation. Each building can be divided into multiple 24'x48' units, and these units can be combined to create larger spaces, such as 24'x96', 48'x48', 72'x96' (6), and 96'x96' (8) units. Each 24'x48' unit includes a 14’ X 14’ garage door with an electric operator, a steel man door, a natural gas hanging heater, four bright LED ceiling lights, a 50 amp plug, a ceiling fan, and six 110V plugins, with the option to add 30 amp or 50-amp plugs. The units feature R – 41 insulation in the ceiling and R – 25 insulation in the walls, along with white-colored metal liners on all interior walls. The property is part of a gated community with a fully fenced perimeter and security cameras at both gated entrances. Paved roads provide access throughout the complex. Community bathrooms are available. The annual HOA fee of $625 covers structural insurance, snow removal, and paving maintenance.
Financial Insights
Value Estimation Calculated for Flex RnD
Conservative
$99.9K
NOI $8,995 @ 9.00% cap · cautious / downside scenario
Moderate
$128.5K
NOI $8,995 @ 7.00% cap · market / base-case scenario
Aggressive
$179.9K
NOI $8,995 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Flex RnD
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $15.2k | $13.20 |
| − Vacancy | −$1.4k | −$1.19 |
| EGI | $13.8k | $12.01 |
| − OpEx | −$4.8k | −$4.20 |
| NOI | $9.0k | $7.81 |
1,152 SF · lease $13.20/SF/yr · vacancy 9.00% · expense 35.00%
Alternative Use Scenarios
Best Use
Flex RnD
$128.5K
$112.4K – $149.9K
NOI $8,995 @ 7.0% cap · market cap 7.96%
Second Best
Warehouse
$107.5K
$94.1K – $125.4K
NOI $7,526 @ 7.0% cap · market cap 6.66%
Theoretical Best
Office A
$251.4K
$219.9K – $293.3K
NOI $17,595 @ 7.0% cap · market cap 15.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Warbricks USA
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- Billings
- County
- Yellowstone
- State
- Montana
- Longitude
- -108.727
- Latitude
- 45.7583
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - Engineered steel frame buildings, customizable units, gated community, many options.
Where is this flex space located?
The property is located at 8122 Stillwater Drive Billings, MT.
What is the asking price?
The asking price for this property is $113,000.
What are key features of this property?
This property features: Flexible Unit Configuration: Engineered steel frame buildings can be divided into multiple unit sizes (24'x48' up to 96'x96') or combined for larger spaces, offering customizable options.; Secure, Gated Community: Fully fenced perimeter with security cameras at both gated entrances provides enhanced security.; Well‑Equipped Units: Each 24'x48' unit includes a **14’ X 14’ garage door with electric operator**, steel man door, natural gas heater, LED lighting, and ample electrical outlets.
