Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2147 Blue Creek Rd, Unit 9 Billings, MT 59101

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $199,900

    Flex space

    We can help!

    Listing Contact
    Nathan Matelich
    Nathan Matelich
    Source: Cbcworldwide

    Listing Agent: Nathan Matelich

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    2147 Blue Creek Rd, #9 (C14), Billings, MT 1,440 Shop Condo For Sale $199,900 Private Bathroom Radiant Shop Heater 14 ft Overhead Door Finished Mezzanine Currently Used as Office Space Spectrum Internet & Cable Available Fully Fenced and Gated for Extra Security and 24/7 Access Free Use of RV Dump Station HOA Takes Care of Water, Sewer, Snow Removal, Road Maintenance & Landscaping Ideal for Warehousing, Storage or Man Cave / She Shed — Commercial Use Subject to HOA Restrictions
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Big Box & Wholesale Store Kitchen & Bath Showroom Auto Parts Store Department Store Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Billings
    County
    Yellowstone
    State
    Montana
    Longitude
    -108.5320689
    Latitude
    45.7309453

    Nearby Similar for Sale

    • New
      $410,000
      2,929 SF

      Westend Industrial Condo/Flex Space

      Versatile industrial condo/flex space in a prime Westend location.
      2697 Enterprise Ave, Billings, MT 59102
      View Details
    • New
      $600,000
      3,808 SF

      Billings Fourplex with Detached Garages

      Fourplex in Billings with detached garages and long-term tenants.
      1628 Kelby Dr, Billings, MT 59105
      View Details
    • New
      $135,000
      3,420 SF

      Billings Commercial Building on Corner Lot

      Retail space on 0.51 acres in high-traffic Billings location.
      1 Macarthur Ave, Billings, MT 59101
      View Details
    • $325,000
      3,000 SF

      Billings Shop on Acreage

      New 3000 SF shop on over an acre.
      243 S 80Th St W, Billings, MT 59106
      View Details
    • Contact for pricing
      1,440 SF

      West End Shop Space Available

      1440 sq ft heated shop space on Billings' West End.
      6612 Western Way, Billings, MT 59106
      View Details
    • Contact for pricing
      2,115 SF

      West End Office and Shop

      New construction office and heated shop in Billings' desirable West End.
      6612 Western Way, Billings, MT 59106
      View Details
    • $560,000
      0.35 Acres

      Remodeled Office/Retail Space in Billings

      Meticulously maintained office/retail building with room for expansion.
      1404 Main St, Billings, MT 59105
      View Details
    • $340,000
      2,098 SF

      Billings Triplex Investment Opportunity

      Well-maintained triplex near downtown Billings, ideal for investors.
      238 Terry Ave, Billings, MT 59101
      View Details
    • $1,600,000
      10,560 SF

      Billings Light-Industrial Facility For Sale

      10,560 sq ft facility with warehouse, office, and yard space.
      6830 Commercial Ave, Billings, MT 59101
      View Details
    • $540,000
      3,120 SF

      Free Standing Midtown Retail Building

      Midtown retail building, remodeled in 2010, suitable for multiple uses.
      644 Broadwater Ave, Billings, MT 59102
      View Details
    • Contact for pricing

      Renovated Office Space in Billings

      Recently renovated office space with multiple rooms and ADA bathroom.
      1112 Broadwater Ave, Billings, MT 59102
      View Details
    • New
      $350,000
      2,808 SF

      Spacious Shop with Barndominium Potential

      2.5+ acre property with shop, stalls, and barndominium potential.
      3923 High Trail Rd, Billings, MT 59101
      View Details

    FAQs

    Where is this flex space located?
    The property is located at 2147 Blue Creek Rd, Unit 9 Billings, MT.
    What is the asking price?
    The asking price for this property is $199,900.
    What are key features of this property?
    This property features: - Low-maintenance ownership: HOA covers water, sewer, snow removal, road maintenance, and landscaping.; - Secure and accessible: Fully fenced and gated with 24/7 access.; - Versatile space: 1,440 sq ft shop condo ideal for warehousing, storage, or personal use.
    (406) 656-2001
    Request Owner's contact information
    2147 Blue Creek Rd, Unit 9 Billings, MT 59101
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2147 Blue Creek Rd, Unit 9
    Billings, MT 59101
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2147 Blue Creek Rd, Unit 9 Billings, MT 59101
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Nathan Matelich
    Nathan Matelich
    (406) 656-2001 (406) 781-6889
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!